Mike Rosenthal Acquires 29-Unit Multifamily In Encino, CA For $11.6M

The multifamily property located at 5505 Zelzah Avenue in Encino, CA has been sold in a recent transaction. The property consists of 29 units with a total square footage of 29,569. The sale price for the property was $11,561,700, resulting in a per unit price of $398,679. The price per square foot for the property was $391.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,561,700
• Address: 5505 Zelzah Avenue, Encino, CA
• Market: Encino, CA
• Buyer: Mike Rosenthal
• Seller: Deepak Richard Mehta
• Brokers: Vince Norris, Jim Fisher, Mike Smith, Steven Goldstein, Bryan Schellinger, Mike Hannasab, and Elliot Hassan - Northmarq
• Units: 29
• Price per Unit: $398,679
• Square Footage: 29,569
• Price per Square Foot: $391

The key individuals and companies involved in this transaction include Mike Rosenthal as the buyer and Deepak Richard Mehta as the seller. The deal was facilitated by a team of brokers from Northmarq, namely Vince Norris, Jim Fisher, Mike Smith, Steven Goldstein, Bryan Schellinger, Mike Hannasab, and Elliot Hassan.