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4940 Paso Robles Avenue

Updated May 7, 2026

Henry Manoucheri & Noah Kaufman Of Universe Holdings Acquire Encino Multifamily Asset For $28M
SOLDMultiFamily

Henry Manoucheri & Noah Kaufman Of Universe Holdings Acquire Encino Multifamily Asset For $28M

4940 Paso Robles Avenue

$28,000,000

$367/SF

Building Size

76,248 SF

Asset Type

MultiFamily

Closing

Apr 29, 2026

About this deal

AI

The property asset involved in this transaction is a multifamily unit located at 4940 Paso Robles Avenue in Encino. The sale was completed for a total transaction amount of $28,000,000. This multifamily asset comprises 52 units with a total square footage of 76,248. The per unit price is $538,461 and the price per square foot is $367.

Summary of transaction details:

The key individuals involved in this transaction include the buyers Henry Manoucheri and Noah Kaufman representing Universe Holdings, and the seller represented by Institutional Property Advisors (IPA). The transaction was facilitated by brokers Kevin Green and Joseph Grabiec from Marcus & Millichap, who played a vital role in navigating the sale process.

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$28,000,000

$367/SF

MultiFamily

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Players

Kevin Green

Marcus & Millichap

Broker

$3.7B

vol

57 deals

Broker
UH
Universe HoldingsBuyer
Henry Manoucheri

Henry Manoucheri

Universe Holdings

Buyer

$174.9M

vol

8 deals

Buyer
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Encino MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $367 per square foot on a published $28M for 76,248 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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