Gayle Factor And Jeff Louks Of Marcus & Millichap Represent Buyer In Encino Multifamily Sale For $14.75M

A 66-unit multifamily property located at 5415 Newcastle Avenue in Encino has been sold for $14.75 million. The property, known as Newcastle Towers, has a price per unit of $223,485. The transaction also included $9.2 million in acquisition financing arranged by Marcus & Millichap Capital Corporation.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,750,000
• Units: 66
• Price Per Unit: $223,485
• Buyer’s Representative: Gayle Factor & Jeff Louks - Marcus & Millichap
• Seller’s Representative: Daniel Withers - Matthews Real Estate Investment Services
• Mortgage Broker: Danny Abergel - Marcus & Millichap

This transaction involved key representatives from both the buyer and seller sides, with Gayle Factor and Jeff Louks representing the buyer and Daniel Withers marketing the property for the seller. The acquisition financing was facilitated by Danny Abergel, also from Marcus & Millichap, underscoring the firm's role in the transaction.