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Venture Property Management Sells Encino Apartments

Brookside Terrace Trades for Nearly $51.3 Million
The apartments were built in 1975 on over 2.6 acres in the Encino multifamily market of Los Angeles County. (CoStar)
The apartments were built in 1975 on over 2.6 acres in the Encino multifamily market of Los Angeles County. (CoStar)
By Carl Wagy
August 15, 2022 | 6:44 P.M.

Jones & Jones Communities, a Los Angeles-based investment firm, acquired the Brookside Terrace Apartments at 17200 Burbank Blvd. in Encino, California, for $51.25 million, or about $333,000 per unit, from Venture Property Management.

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