5349 Newcastle 56, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath
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5349 Newcastle 56
Encino, California 91316
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,111Sq Ft
60,939Lot Size
Property Price
LIST PRICE$350,000
EST. MARKET VALUE
$364,601
4% BelowMARKET VALUE
SUMMARY
This Strong Value Opportunity is a Turnkey Condominium listed at $388,800—positioned well below the $405,387 Fair Market Value by 4%. This valuation gap provides $16,587 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit offers a move-in ready interior with modern vinyl flooring and fresh paint. Residents enjoy community amenities including a swimming pool, spa, and private balcony. This property is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a well-located, low-maintenance asset in Encino.
Estimated Market Value
$364,601+$14,601 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Encino.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5349 Newcastle 56 Subject | $350,000* List Price | 2 | 2 | 1,111 | $328 | - |
A 5429 Newcastle Avenue 309 Sold | $410,000 | 2 | 2 | 1,068 | $384 | 0.1 mi |
B 5429 Newcastle Sold | $425,000 | 2 | 2 | 1,157 | $367 | 0.1 mi |
C 5429 Newcastle 204 Sold | $385,000 | 2 | 2 | 1,092 | $353 | 0.1 mi |
D 5429 Newcastle Sold | $400,000 | 2 | 2 | 1,013 | $395 | 0.1 mi |
E 5349 Newcastle Avenue 28 Sold | $330,000 | 2 | 2 | 944 | $350 | 0.0 mi |
F 5460 White Oak C204 Sold | $267,000 | 2 | 2 | 990 | $270 | 0.5 mi |
G 5460 White Oak K301 Sold | $254,000 | 2 | 2 | 990 | $257 | 0.5 mi |
H 5403 Newcastle Avenue 12 Active | $345,000 List Price | 2 | 2 | 905 | $381 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the building dates to 1967, the unit is well-maintained and move-in ready due to recent cosmetic updates including new vinyl flooring, fresh paint, and new light fixtures. The kitchen and bathrooms are functional, though they feature dated elements like tile countertops and older cabinetry styles.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Interior
The unit features modern updates including sleek vinyl flooring, fresh paint, and new light fixtures, offering a move-in ready experience for immediate occupancy.
- Prime Walkability
Situated in a desirable Encino neighborhood, the property is within walking distance to local supermarkets, boutiques, and cafes, providing excellent lifestyle convenience.
- Comprehensive Amenities
Residents benefit from a functional open layout, two dedicated parking spaces, and community features including a swimming pool, BBQ area, and park-like grounds.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $801.72 is significantly high relative to the listing price, which may impact buyer affordability and monthly carrying costs.
- Lack of Scenic Views
The property is officially listed as having no view, which may limit its competitive appeal compared to other units in the Encino market that offer landscape or city vistas.
About 5349 Newcastle 56
Incredible Unit!!!! 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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1967
- Lot Size
- 60,939 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $801.72 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.9 |
| Baths | 2.0 | 1.9 |
| Square foot | 1,111 | 1,177.536 |
| Lot Size | 60,939 | 200,334.571 |
| Price | $350.0K | $481.6K |
| Price per sq ft | $315 | $387 |
| Built year | 1967 | 1972 |
| HOA | $801.72 | $730 |
| Days on market | 37 | 82 |
Pricing History
Listed for Sale
Aug 25, 2026
$350,000
$388,800
-10% Price Drop
Initial Listing
Price Change
Aug 3, 2026
$388,800
Initial Listing
Sold
Jul 17, 2014
$245,000
Public Record
Sold
Sep 30, 1999
$110,500
Public Record