Institutional Property Advisors Brokers $28M Sale for Park Encino Multifamily Asset 42%
By David Nusbaum0%
7/1/2026, 3:00:00 PM
BS Summary: This article contains 8 faulty reasoning types, including Confirmation Bias, Optimism Bias, and Availability Heuristic, with Attempt to Sell a Product or Service as the most egregious example at 41.4% saturation with 108 hits. Analysis detected 301 faulty-reasoning hits from 261 analyzed words, generating a BS Score of 45.9% and a BS Rank of 42% (12,852 of 21,886 articles). This article is better (less manipulative) than 58.70% of the article peer group.
Institutional Property Advisors, a division of Calabasas-based Marcus & Millichap dedicated to serving the company’s institutional clients, sold and financed Park Encino, a 52-unit apartment property in Encino, Los Angeles, for $28 million or $538,000 per unit.
The sale represents the company’s first core-plus, 50-plus unit multifamily sale in Encino since 2017.
“Despite favorable demographics, strong submarket fundamentals and increased demand for housing, no institutional-sized multifamily projects of 50-plus units have been delivered in Encino since 2016,” said Kevin Green, executive managing director of investments at IPA, in a statement.
According to Joseph Grabiec of IPA, the average multifamily occupancy in Encino exceeds 97%, and over the last decade, median single-family home values in the neighborhood have increased by more than 75%.
The property is within walking distance of Ventura Boulevard, and its proximity to U.S.
Highway 101, Interstate 405 and Route 27 puts residents within commuting distance of employment centers in Sherman Oaks, Warner Center, West Los Angeles, Beverly Hills, Hollywood and Burbank.
Completed in 2014, Park Encino is a gated community with a central courtyard, clubhouse, fitness center, patio and barbecue grills.
The unit mix of two- and three-bedroom apartments averages 1,421 square feet.
Interior finishes include washers and dryers, shaker-style cabinetry and walk-in closets.
Brian Eisendrath, Cameron Chalfant and Patrick Barker of IPA Capital Markets arranged acquisition financing, while Kevin Green, Grabiec and Gregory Harris of IPA represented the seller and procured the buyer, Universe Holdings Development.
Information for this article was sourced from Institutional Property Advisors.
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2speakers27%attributed speech191writer words
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100%flagged-word coverageKevin Green
38 attributed words54% of attributed speech70% writer coverage
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