Clyde Isaacson Brokers $15.4M Multifamily Sale In Encino

The multifamily property located at 5143 White Oak Avenue in Encino has been sold at a price of $15,357,500. The property spans a total area of 43,850 square feet, resulting in a price per square foot of $350.23. It consists of 24 units, with each unit being valued at $639,895. The capitalization rate for this transaction is 4%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $15,357,500
• Address: 5143 White Oak Avenue
• Market: Encino
• Square Footage: 43,850
• Price per Square Foot: $350.23
• Number of Units: 24
• Price per Unit: $639,895
• Capitalization Rate: 4%

The sale was facilitated by Clyde Isaacson from an undisclosed agency. The transaction involved a 2-week escrow period. The property consists of a mix of twenty 3-bedroom + 3-bathroom units and four 2-bedroom + 2.5-bathroom units.