5400 Newcastle Avenue 45, Encino, California 91316, Encino, 91316 - 1 bed, 1 bath
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Encino, California 91316
This Value-Add Condominium represents a strategic entry into the Encino market with a List Price of $280,000. While currently positioned above the $245,784 Fair Market Value, the asset offers significant potential for forced appreciation given its Condition Rating of 4. Rare for this unit size, the property includes a Two-Car Parking Allocation, Community Pool, and Patio. Located within the Los Angeles Unified School District near Ventura Blvd, this is a prudent acquisition for Buy-and-Hold Investors or first-time buyers looking to modernize a well-located asset with a Neighborhood View.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5400 Newcastle Avenue 45 Subject | $280,000* List Price | 1 | 1 | 691 | $356 | - |
A 5414 Newcastle Avenue 33 Sold | $250,000 | 1 | 1 | 733 | $341 | 0.0 mi |
B 5414 Newcastle Avenue 8 Sold | $280,000 | 2 | 2 | 901 | $311 | 0.0 mi |
C 5349 Newcastle Avenue 42 Sold | $240,000 | 1 | 1 | 648 | $370 | 0.1 mi |
D 5460 White Oak C338 Sold | $265,000 | 1 | 2 | 712 | $372 | 0.4 mi |
E 5429 Newcastle Avenue 213 Sold | $295,000 | 1 | 1 | 690 | $428 | 0.1 mi |
F 5460 White Oak Avenue C330 Sold | $215,000 | 1 | 2 | 712 | $302 | 0.4 mi |
G 5429 Newcastle Avenue 211 Pending | $310,000 List Price | 1 | 1 | 726 | $427 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, this 57-year-old condo is functional but dated. While it features newer laminate flooring and central HVAC, the presence of popcorn ceilings and older architectural details indicates it has not had a comprehensive renovation in over 20 years, requiring cosmetic updates to the kitchen and bath to meet modern standards.
The property is ideally situated near Ventura Boulevard and the 101 freeway, offering residents easy access to premium shopping, dining, and convenient commuting options.
Rare for a one-bedroom unit, this condo includes two parking spaces, including one assigned covered spot, providing significant value and convenience in a high-density area.
Priced at $280,000, this unit offers an accessible entry point into the prestigious Encino market, especially considering its recent sales history and functional single-level layout.
The association fee of $726 per month is notably high for a 691-square-foot unit, which may impact buyer affordability and overall return on investment.
The reliance on community laundry facilities rather than having an in-unit washer and dryer hookup may be a drawback for buyers seeking modern convenience.
Welcome to this charming 1-bedroom, 1-bath condo in Encino offering 691 sqft of single-level living. The unit features wood flooring, a functional kitchen with dishwasher, electric range, and refrigerator, plus a bright living area that opens to a private balcony. Central air and heat provide year-round comfort. The complex offers a community pool and on-site laundry. Assigned covered parking is included, along with an additional space. Conveniently located near Ventura Blvd, shopping, dining, and the 101 freeway.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 30% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 691 | 1,073 | 12% |
| Lot Size | 60,966 | 60,966 | 50% |
| Price | $280.0K | $407.5K | 24% |
| Price per sq ft | $405 | $378 | 64% |
| Built year | 1967 | 1971 | 40% |
| HOA | $726.0 | $635 | 70% |
| Days on market | 41 | 173 | 4% |
May 4, 2026
$280,000
Initial Listing
Jun 6, 2024
$385,000
Public Record
Sep 22, 2017
$240,000
Public Record
Sep 3, 2014
$195,000
Public Record