5339 Newcastle Avenue 103, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath
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Encino, California 91316
This Value-Add Condominium in prime Encino is listed at $473,000, with a $374,348 Fair Market Value reflecting its current unrenovated state. Boasting a Condition Rating of 5, the interior requires a full modernization to remediate original 1964 finishes and dated popcorn ceilings. However, the asset features a spacious 1,253 square foot layout, a private patio, and a rare three gated assigned parking spaces. Located within the Los Angeles Unified district near Lake Balboa Park, this property offers significant upside for forced appreciation. It is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5339 Newcastle Avenue 103 Subject | $475,000* List Price | 2 | 2 | 1,253 | $312 | - |
A 5447 Zelzah Avenue 110 Sold | $450,000 | 2 | 3 | 1,285 | $350 | 0.2 mi |
B 5325 Newcastle Avenue 223 Sold | $375,000 | 2 | 1 | 809 | $464 | 0.0 mi |
C 5403 Newcastle Avenue 28 Active | $350,000 List Price | 2 | 2 | 944 | $371 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964 with no evidence of significant renovations in the last 30+ years. The interior features highly dated elements including popcorn ceilings, louvered closet doors, and worn carpeting that extends into the bathroom vanity area. The kitchen and bathrooms are original or near-original style and require a full rehab to meet modern standards.
Situated in the heart of Encino within walking distance to Ventura Boulevard and near Lake Balboa Park, offering excellent access to premier dining, shopping, and the 101 freeway.
The unit includes three gated assigned parking spaces, a rare and highly valuable asset for a two-bedroom condominium in this high-density area.
With 1,253 square feet of living space, the floor plan features a primary suite with a walk-in closet and central A/C, providing a bright and functional environment.
The building lacks in-unit laundry hookups, requiring residents to use shared facilities located on each level, which may be a drawback for modern buyers.
The property has an unusually high number of days on market, which can create a negative perception regarding its value or condition despite recent price reductions.
Seller is motivated—submit your offer. Bright and spacious condominium in the heart of Encino, near the Lake Balboa Park recreational area. Located on the first floor, this open floor plan features 2 bedrooms and 2 bathrooms, including a primary suite with a walk-in closet. The kitchen offers ample cabinet space, and the unit includes central A/C and abundant natural light throughout. Community amenities include elevators, a pool, BBQ area, three gated assigned parking spaces, a trash chute, and laundry facilities on each level. Conveniently situated within walking distance to Ventura Boulevard, with easy access to the U.S. Route 101, shopping, and dining.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,253 | 1,037 | 67% |
| Lot Size | 30,457 | 60,967 | 22% |
| Price | $475.0K | $433.0K | 57% |
| Price per sq ft | $379 | $376 | 51% |
| Built year | 1964 | 1971 | 10% |
| HOA | $517.0 | $650 | 24% |
| Days on market | 1360 | 191 | 0% |
Apr 21, 2026
$475,000
$473,000
+0% Price Increase
Initial Listing
Mar 28, 2026
$473,000
$474,000
+0% Price Increase
Initial Listing
Feb 21, 2026
$474,000
$475,000
+0% Price Increase
Initial Listing
Oct 25, 2025
$475,000
Initial Listing
Aug 1, 2022
$499,000
Initial Listing