5328 Newcastle Avenue 58, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$489,700
5328 Newcastle Avenue 58, Encino, California 91316
2Beds
2Baths
1,029Sqft
60,970Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Extensively Remodeled & Move-in Ready: The condo has been fully remodeled with a modern kitchen, new paint, and an open layout, making it move-in ready and appealing to first-time buyers or investors.
Top Cons:
Building Age: Constructed in 1971, the building is over 50 years old, which may lead to higher long-term maintenance costs for common areas and potential for older infrastructure.
Compared to the nearby listings
Price:$489.7K vs avg $480.0K (+$9,700)53%
Size:1,029 sqft vs avg 1,129.5 sqft43%
Price/sqft:$476 vs avg $40587%
More Insights
Built in 1971 (54 years old).
Condition: Despite the building's 1971 construction, the unit has been 'fully remodeled' as stated in the description, and the images confirm a very recent and comprehensive renovation. The kitchen features modern white shaker cabinets, dark countertops, and contemporary black/stainless steel appliances. Both bathrooms are updated with modern vanities, fixtures, and clean tiling. New laminate wood flooring extends throughout the unit, complemented by fresh paint and recessed lighting. The interior appears virtually new, meeting current quality standards with no deferred maintenance, aligning with the 'excellent' criteria for an extensively renovated property.
Year Built
1971
Close
-
List price
$490K
Original List price
$529K
Price/Sqft
$476
HOA
$350
Days on market
-
Sold On
-
MLS number
SR25099873
Home ConditionExcellent
Features
Good View: Pool
Pool
Spa
ViewPool
About this home
Best value in Encino! This top-floor 2-bed, 2-bath condo is a rare find for first-time buyers or anyone looking for a smart investment. Fully remodeled with a modern kitchen, new paint, and great natural light, it’s move-in ready and designed for easy living. The open layout flows to a private balcony with peaceful courtyard and pool views perfect for morning coffee or evening wind-downs. Enjoy 2-car gated parking, private storage, and access to a sparkling pool and spa. Just one block from Ventura Blvd’s restaurants, cafés, and shops. At this price, nothing compares. Don’t wait on this opportunity!
Condition Rating
Excellent
Despite the building's 1971 construction, the unit has been 'fully remodeled' as stated in the description, and the images confirm a very recent and comprehensive renovation. The kitchen features modern white shaker cabinets, dark countertops, and contemporary black/stainless steel appliances. Both bathrooms are updated with modern vanities, fixtures, and clean tiling. New laminate wood flooring extends throughout the unit, complemented by fresh paint and recessed lighting. The interior appears virtually new, meeting current quality standards with no deferred maintenance, aligning with the 'excellent' criteria for an extensively renovated property.
Pros & Cons
Pros
Extensively Remodeled & Move-in Ready: The condo has been fully remodeled with a modern kitchen, new paint, and an open layout, making it move-in ready and appealing to first-time buyers or investors.
Prime Encino Location: Located just one block from Ventura Blvd, offering convenient access to a vibrant array of restaurants, cafes, and shops, enhancing lifestyle and desirability.
Top-Floor Unit with Views: As a top-floor unit, it provides enhanced privacy, potentially more natural light, and peaceful courtyard and pool views from a private balcony.
Comprehensive Building Amenities: The property includes valuable amenities such as 2-car gated parking, private storage, and access to a community pool and spa, adding significant value.
Strong Value Proposition: Marketed as the 'best value in Encino' and a 'rare find' for its price point, especially after recent price adjustments, making it an attractive investment opportunity.
Cons
Building Age: Constructed in 1971, the building is over 50 years old, which may lead to higher long-term maintenance costs for common areas and potential for older infrastructure.
Monthly Association Fee: The $350 monthly association fee is an additional recurring cost that impacts the overall affordability and ownership expenses for potential buyers.
Significant Price Reduction History: The property has undergone multiple price drops from its original list price of $529,000 to $489,700, which might raise questions for potential buyers regarding initial pricing strategy or market reception.