IPA Arranges First 50-Unit-Plus Encino Multifamily Sale Since 2017

Institutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving the company’s institutional clients, arranged the sale and financing of Park Encino, a 52-unit apartment property in the Encino neighborhood of Los Angeles. The property sold for $28 million, which equates to $538,462 per unit. “Despite favorable demographics, strong submarket fundamentals, and increased demand for housing, no ... The post IPA Arranges First 50-Unit-Plus Encino Multifamily Sale Sinc