5325 Newcastle 330, Encino, California 91316, Encino, 91316 - 0 bed, 1 bath
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Encino, California 91316
This Turnkey Studio Condo represents a Strong Value Opportunity, listed at $279,500—positioned well above the $270,463 Fair Market Value by 3%. While priced slightly above market, the unit offers a Fair Condition Rating with recent HVAC upgrades and hardwood-style flooring. Residents enjoy a prime location near Ventura Boulevard, complemented by complex amenities including a pool, gym, and underground parking. This property is an ideal acquisition for Buy-and-Hold Investors seeking rental demand or first-time buyers prioritizing an urban, low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5325 Newcastle 330 Subject | $279,500* List Price | 0 | 1 | 475 | $569 | - |
A 5325 Newcastle Avenue 327 Sold | $295,000 | 1 | 1 | 475 | $621 | 0.0 mi |
B 5325 Newcastle Active | $279,000 List Price | 0 | 1 | 475 | $587 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1971 and, while functional and move-in ready, shows signs of being dated. The kitchen features older cabinetry and tile, though it has been partially updated with stone countertops. The HVAC system is a significant plus, having been replaced within the last few years, and the flooring has been updated to hardwood-style. However, the overall aesthetic and age of the primary fixtures place it in the Fair category, needing minor cosmetic updates.
Situated just steps from Ventura Boulevard's premier shopping and dining and within walking distance to Tarzana Medical Center, this property offers an exceptional walk score and urban convenience.
This fully furnished, top-floor unit features vaulted ceilings, a gas fireplace, and a recently replaced HVAC system, providing a move-in-ready experience with enhanced privacy and natural light.
The complex provides high-value amenities including a pool, gym, and underground parking, while the HOA fee conveniently covers essential utilities like water, gas, and sewer.
At only 475 square feet, the studio layout offers very compact living quarters and limited storage, which may restrict its appeal to single occupants or short-term residents.
The monthly HOA fee of $537.97 is relatively high for a studio of this size, which may impact the debt-to-income ratio for first-time buyers or reduce net yields for investors.
Welcome to a gorgeous studio condo, steps from Ventura Boulevard shopping and restaurants, and a short walk to Tarzana Medical Center. With hardwood style floors, vaulted ceilings, and a gas fireplace, this is a beautiful, top-floor apartment in a prime location. Fully furnished with a queen size bed, couch, dining room table, an oversized reading chair, as well as a smart TV and kitchen essentials. Unit has floor to ceiling windows for afternoon light on a private balcony, and central air and heat fully replaced within the last few years. Just outside the unit there is a gym, pool and BBQ area, laundry room, and community room all within the complex. With a dedicated underground parking spot and the added privacy of being in the back of the complex, this is a great unit to call home. Water, gas, and sewer are all included with the HOA fee. A cable modem and router ready to be setup with wireless Spectrum internet service.
No exterior & parking available.
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 2% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 475 | 1,052.5 | 4% |
| Lot Size | 103,178 | 60,966 | 61% |
| Price | $279.5K | $411.8K | 24% |
| Price per sq ft | $588 | $378 | 96% |
| Built year | 1971 | 1971 | 50% |
| HOA | $537.97 | $624 | 30% |
| Days on market | 18 | 189 | 2% |
May 19, 2026
$279,500
Initial Listing
Oct 19, 2005
$184,000
Public Record