Jacob Youshia Acquires Multifamily Property On Magnolia Boulevard For $8.525M With Marcus & Millichap Representatives

The property asset involved in the transaction is a multifamily building located at 11700 Magnolia Boulevard in Valley Village. The sale price was $8,525,000, with a total square footage of 21,522 and a price per square foot of $396.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,525,000
• Address: 11700 Magnolia Boulevard
• Market: Valley Village
• Buyer: Jacob Youshia
• Buyer's Representative: Filip Niculete & Glen Scher - Marcus & Millichap
• Seller's Representative: Kevin Green & Joseph Grabiec - Marcus & Millichap
• Loan Amount: $5,400,000
• Loan-to-Value Ratio: 63%
• Fixed Interest Rate: 5.61%
• First-Year Cash-on-Cash Return: Exceeding 7%
• Cap Rate: 6.19%

The transaction featured the expertise of the buyer's representatives, Filip Niculete and Glen Scher, alongside the seller's representatives, Kevin Green and Joseph Grabiec, both from Marcus & Millichap. The buyer, a technology executive, initiated the acquisition strategy in late 2024 to deploy a substantial capital gain while adhering to a 100% Bonus Depreciation strategy to qualify for tax benefits before the end of the 2025 tax year. The financing approach tailored for this deal aimed to enhance cash flow and operational flexibility.