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8/28/25
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A 57k sf, mixed-use property located at 16300 Ventura Blvd in Encino has traded hands. The building, situated at the corner of Ventura and Libbit Ave, consists of 49 res units over two ground-floor commercial units.
The property, constructed in 2017, had been offered at $34 mil, although we do not know the actual price it traded for in this transaction. We can tell you that, according to Property Shark, the asset was last sold in September of 2024 and had an assessed value of over $23.5 mil.
The property’s commercial units are leased to JP Morgan Financial Center and Pinnacle Estate Properties. The residential apartments offer a varied unit mix—including townhomes, two-bedroom, and one-bedroom layouts—paired with modern amenities such as a fitness center, jacuzzi, EV charging stations, and secure subterranean parking. Residents have easy access to dining, shopping, and entertainment, along with convenient access to the 101 Freeway.
Darrell Levonian and Tanel Harunzade of Kidder Mathews, together with David Saghian of Lyon Stahl, represented the seller, while Levonian and Harunzade also repped the buyer.
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