RealKey
‪(213) 433-7766‬

5052 Newcastle Avenue, Encino, California 91316, Encino, 91316 - 3 bed, 3 bath

5052 Newcastle Avenue, Encino, California 91316 home-pic-0
ACTIVE$1,269,000
5052 Newcastle Avenue, Encino, California 91316
3Beds
3Baths
2,079Sqft
6,075Lot

Price Vs. Estimate

The estimated value ($1,125,824.92) is $143,175.08 (11%) lower than the list price ($1,269,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Encino Location: Situated South of Ventura Blvd in a highly desirable neighborhood surrounded by multi-million dollar properties, offering prestige and strong appreciation potential.
Top Cons:
Requires Extensive Updates & Repairs: The property is not move-in ready and necessitates significant investment in updates and repairs to realize its full potential, implying additional costs.

Compared to the nearby listings

Price:$1.27M vs avg $1.45M ($-181,000)37%
Size:2,079 sqft vs avg 2,192 sqft47%
Price/sqft:$610 vs avg $74316%

More Insights

Built in 1948 (77 years old).
Condition: Built in 1948, this property requires substantial rehabilitation. While some cosmetic updates like fresh paint and laminate flooring are visible, the kitchen features outdated tile flooring, fluorescent lighting, and older countertops, despite newer cabinets and range. Bathrooms are not pictured but are highly likely to be in similar or worse condition, necessitating full renovation. The listing description and AI analysis explicitly state the need for 'extensive updates & repairs' and highlight 'older home systems & finishes,' indicating that major components (electrical, plumbing, HVAC) are likely at or past their useful life and will require significant investment to meet modern standards and ensure long-term reliability.
Year Built
1948
Close
-
List price
$1.27M
Original List price
$1.3M
Price/Sqft
$610
HOA
-
Days on market
-
Sold On
-
MLS number
BB25243972
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

BACK ON MARKET AFTER BUYER COULD NOT PERFORM. Now offered at a compelling new price, this ideally located Encino property has great potential for buyers looking to create value with updates and personal touches.. South of Ventura Blvd, this 3 bed, 2 bath home sits in a very desirable neighborhood surrounded by multi million dollar properties. The layout offers good flow: a large kitchen with plenty of room to reconfigure or add storage, a comfortable living area, and a primary bedroom with a balcony that opens to the backyard. Outside, you’ll find a generous, flat lot with a grassy yard, a long gated driveway, and a detached garage, great for parking, storage, or a future workshop. There are lots of opportunities to make it your own with some updates and personal touches. In a prime, inviting location, this home is ideal for buyers looking to live in a top neighborhood for less and willing to do some repairs to bring out its full potential. Come take a look and see the opportunity for yourself.

Condition Rating
Poor
Built in 1948, this property requires substantial rehabilitation. While some cosmetic updates like fresh paint and laminate flooring are visible, the kitchen features outdated tile flooring, fluorescent lighting, and older countertops, despite newer cabinets and range. Bathrooms are not pictured but are highly likely to be in similar or worse condition, necessitating full renovation. The listing description and AI analysis explicitly state the need for 'extensive updates & repairs' and highlight 'older home systems & finishes,' indicating that major components (electrical, plumbing, HVAC) are likely at or past their useful life and will require significant investment to meet modern standards and ensure long-term reliability.
Pros & Cons

Pros

Prime Encino Location: Situated South of Ventura Blvd in a highly desirable neighborhood surrounded by multi-million dollar properties, offering prestige and strong appreciation potential.
Significant Value-Add Opportunity: Explicitly stated potential for buyers to create substantial equity through updates, personalization, and repairs, allowing for tailored improvements.
Generous & Versatile Lot: Features a large, flat grassy yard, a long gated driveway, and a detached garage suitable for parking, storage, or conversion into a workshop/ADU.
Functional Interior Layout: Offers a good flow with a spacious kitchen ripe for reconfiguration and a primary bedroom featuring a private balcony overlooking the backyard.
Compelling Price Point: Currently offered at a new, attractive price, providing an accessible entry into a top-tier neighborhood for buyers willing to invest in improvements.

Cons

Requires Extensive Updates & Repairs: The property is not move-in ready and necessitates significant investment in updates and repairs to realize its full potential, implying additional costs.
Older Home Systems & Finishes: Built in 1948, the home likely features outdated systems and finishes that will require modernization to meet contemporary standards and preferences.
Previous Transaction Failure: The property is back on the market due to a prior buyer's inability to perform, which may raise questions and necessitate thorough due diligence from new prospective buyers.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state