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Sell Your Encino Apartment Building

Glen Scher, Filip Niculete and the LAAA Team help Encino owners plan a property sale. Review local completed transactions and request a confidential valuation or proposal.

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2

Transactions

$7.65M

Total Volume

4.12%

Avg Cap Rate

$290,476

Avg $/Unit

21

Avg Units

2012

Since

Cap rate, price per unit and unit count are averaged across apartment sales only: 1 of these 2 closed transactions are apartment sales.

LAAA Team Track Record Since 2012

Encino Multifamily Market Overview

The LAAA Team's published Encino history includes 2 transactions totaling $7.7M, dated 04/23/2021 through 02/28/2023. This is a small historical team sample, not a current market survey or a price quotation. The transaction table preserves the property types and dates; apartment metrics use the separate samples identified below the statistics.

The closing table includes the apartment transaction at 17800 Magnolia Boulevard and a separate land transaction at 15625 High Knoll Road. Those are different property types: the land sale is not part of the apartment averages. An apartment proposal needs the operating records and building condition; a land proposal also needs parcel, zoning and development information.

Before choosing a sale price, assemble the current rent roll, leases, collections, operating statements, loan terms and records of capital work. We compare relevant recent transactions with your building's actual income and condition, then discuss pricing, offering materials, buyer targeting, access and due diligence. Confirm local jurisdiction and applicable rent rules for the property rather than relying on a neighborhood label.

If you are weighing a sale against holding or an exchange, tell us about your current equity, cash flow, management preferences and replacement goals. We can discuss a valuation, sale-net estimate and equity or exchange analysis. Your qualified intermediary and tax adviser confirm exchange eligibility and timing. Buyers can explore current listings; the historical table contains completed transactions.

Encino Market Area

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LAAA Team Closings in Encino

2 transactions by Glen Scher, Filip Niculete & the LAAA Team

17800 Magnolia Blvd

Encino • 2023

Price
$6,100,000
Units
21
Cap
4.12%
$/Unit
$290,476

15625 High Knoll Rd

Encino • 2021

Price
$1,550,000

Source: LAAA Team Closed Transactions

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Your LA Apartment Investment Advisors

Glen Scher

Glen Scher

Senior Managing Director Investments

(818) 212-2808

Email Glen

License(s): CA: 01962976

Filip Niculete

Filip Niculete

Senior Managing Director Investments

(818) 212-2748

Email Filip

License(s): CA: 01905352

LA Apartment Advisors | Marcus & Millichap

16830 Ventura Blvd, Ste. 100, Encino, CA 91436

LAAA