Institutional Property Advisors Brokers $28M Sale for Park Encino Multifamily Asset ^35.9%

Los Angeles Times - By David Nusbaum - 7/1/2026, 3:00 PM

Attempt to Sell a Product or Service 41.4% - Confirmation Bias 14.6% - Optimism Bias 14.6%

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... more