5349 Newcastle 56, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath
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Encino, California 91316
This Move-In Ready Condominium presents a Prime Investment Opportunity, listed at $398,800—positioned well below the $408,009 Fair Market Value by 2%. This valuation gap offers $9,209 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes modern updates like sleek vinyl flooring and fresh paint. With a spacious private balcony, swimming pool, and walkable location, this property is an ideal acquisition for first-time buyers or Owner-Occupants seeking a turnkey lifestyle in Encino.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5349 Newcastle 56 Subject | $398,800* List Price | 2 | 2 | 1,111 | $367 | - |
A 5429 Newcastle Avenue 309 Sold | $410,000 | 2 | 2 | 1,068 | $384 | 0.1 mi |
B 5325 Newcastle Avenue 207 Sold | $403,000 | 2 | 2 | 940 | $429 | 0.1 mi |
C 5334 Lindley Avenue 319 Sold | $499,000 | 2 | 2 | 1,205 | $414 | 0.1 mi |
D 5429 Newcastle Sold | $425,000 | 2 | 2 | 1,157 | $367 | 0.1 mi |
E 5400 Newcastle Avenue 56 Sold | $405,000 | 2 | 2 | 1,111 | $365 | 0.1 mi |
F 5429 Newcastle 204 Sold | $385,000 | 2 | 2 | 1,092 | $353 | 0.1 mi |
G 5429 Newcastle Sold | $400,000 | 2 | 2 | 1,013 | $395 | 0.1 mi |
H 5349 Newcastle Avenue 28 Sold | $330,000 | 2 | 2 | 944 | $350 | 0.0 mi |
I 5403 Newcastle Avenue 12 Active | $349,000 List Price | 2 | 2 | 905 | $386 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1967, the property exceeds the age for higher ratings, but recent cosmetic renovations including new vinyl flooring, fresh paint, and new light fixtures make it move-in ready. While the popcorn ceilings and building exterior reflect its age, the interior is well-maintained and functional for immediate occupancy.
The unit features modern updates including sleek vinyl flooring, fresh paint, and new light fixtures, offering a turnkey experience for immediate occupancy.
Situated on a desirable tree-lined street in Encino, the property is within walking distance to supermarkets, boutiques, cafes, and places of worship.
The condo offers a spacious open floor plan with a private balcony and primary walk-in closet, plus community perks like a pool, BBQ area, and two parking spaces.
The monthly HOA fee of $801.72 is significantly high, which may impact buyer affordability and the overall monthly carrying cost of the property.
Built in 1967, the property may lack the modern infrastructure, soundproofing, and energy-efficient features found in newer residential developments.
Welcome to gorgeous Newcastle Manor in the city of Encino. Located on a fantastic tree lined street, this adorable condo features two bedrooms, two bathrooms, sleek vinyl flooring, fresh paint, new light fixtures and spacious private balcony. Incorporating a fantastic open layout, this beauty feels move-in ready. It is light, bright and features a breakfast area, breakfast bar, lovely family room for gathering and a spacious walk-in closet in the primary bedroom. The lovely community features a swimming pool, barbecue area, park-like grounds, two parking spaces, storage within the garage and so much more. Located walking distance from supermarkets, boutiques, cafés, and places of worship. Don’t miss out.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,111 | 1,517 |
| Lot Size | 60,939 | 156,600 |
| Price | $398.8K | $494.0K |
| Price per sq ft | $359 | $391 |
| Built year | 1967 | 1973 |
| HOA | $801.72 | $709 |
| Days on market | 9 | 80 |
Jul 13, 2026
$398,800
Initial Listing
Jul 17, 2014
$245,000
Public Record
Sep 30, 1999
$110,500
Public Record