facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

5415 Newcastle Avenue

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

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

5415 Newcastle Avenue

$14,750,000

Building Size

Asset Type

MultiFamily

Closing

Mar 6, 2025

AI

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:

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.

Players

Daniel Withers

Matthews

Broker

$211.8M

vol

34 deals

Broker

Encino MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.08%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93