Doug Faber Purchases Multifamily Asset From Andrea Palella For $2.625 Million In Woodland Hills

The property at 5206 Ponce Avenue, located in the Woodland Hills market, is a multifamily asset consisting of 8 units. The total square footage of the property is 8,411, with a price per unit of $328,125 and a price per square foot of $312. The property was sold for $2,625,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,625,000
• Units: 8
• Square Footage: 8,411
• Price Per Unit: $328,125
• Price Per Square Foot: $312
• Buyer: Doug Faber
• Seller: Andrea Palella
• Buyer's Representative: Akash Saini & Samuel P. Manoochehri - Keller Williams Realty
• Seller's Representative: Joseph Penich

This transaction was facilitated by Akash Saini and Samuel P. Manoochehri, both representing the buyer Doug Faber. Joseph Penich represented the seller, Andrea Palella, ensuring the deal was managed professionally. The transaction took place on June 18, 2026.