A landmark mixed-use property at 16300 Ventura Boulevard in Encino has sold to a private family office. Kidder Mathews brokers Darrell Levonian and Tanel Harunzade, together with David Saghian of Lyon Stahl, represented the seller, while Levonian and Harunzade also represented the buyer.
Originally marketed for $34,000,000, the ±57,000-square-foot property comprises 49 residential units and two ground-floor commercial suites anchored by JP Morgan Financial Center and Pinnacle Estate Properties. Positioned at the corner of Ventura Boulevard and Libbit Avenue in the heart of Encino, the trophy asset is one of the few modern mixed-use properties in the San Fernando Valley and offers long-term stability with growth potential.
The property features 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.
“This sale reflects the strong capital targeting Encino and the broader San Fernando Valley,” said Levonian, Executive Vice President and Managing Director at Kidder Mathews’ Century City office. “Investors are seeking scale and stability, and assets positioned along Ventura Boulevard consistently command attention. The depth of interest we saw here speaks to the property’s quality and to the resilience of this corridor as a long-term investment market.”
“We’re seeing strong competition for institutional-quality opportunities across Los Angeles, and Encino has emerged as one of the most active submarkets,” said Harunzade, Executive Vice President. “Large mixed-use assets of this caliber rarely come to market, and when they do, they generate significant investor interest. We were pleased to guide both sides through a complex process and help achieve a successful outcome.”
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 20 offices across Washington, Oregon, California, Idaho, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages $9 billion in transaction volume, manages more than 58 million square feet of space, and conducts 2,400 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
