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5400 Newcastle Avenue 56, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath

5400 Newcastle Avenue 56, Encino, California 91316 home-pic-0
ACTIVE$429,000
5400 Newcastle Avenue 56, Encino, California 91316
2Beds
2Baths
1,111Sqft
60,966Lot
Year Built
1967
Close
-
List price
$429K
Original List price
$430K
Price/Sqft
$386
HOA
$701.51
Days on market
-
Sold On
-
MLS number
SR25198570
Home ConditionFair
Features
Deck
Pool
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $429.0K(40th), sqft - 1111(49th), beds - 2(50th), baths - 2(50th).

BOM - buyer could not perform. Light & bright 2+2+ DEN! This desirable top floor, corner unit is located in the quiet back of the building and is filled with natural light. It features upgrades such as stone countertops and easy-care laminate and tile floors. The living room opens out to private balcony with a spacious view. Convenience is key with an in-unit combo washer/dryer, walk-in closets, and central AC/heat. In addition to the 2 bedrooms, there is a bonus den area that makes a perfect office, playroom or 3rd bedroom. Well-kept building with a sparkling pool, BBQ area, gym, and rec room. Unit is conveniently located by the elevator with no steps in between. 2 tandem parking spaces and storage lockers included. Moments away from Encino Common's vibrant shops and diverse restaurants, Sepulveda Recreation Area and essential medical and religious centers. Easy access to 101 and 405 freeways.

Price History

Date
Event
Price
11/20/25
Price Change
$429,000-0.2%
09/04/25
Listing
$430,000
Condition Rating
Fair
Built in 1967, this property has received some updates, including stone countertops in the kitchen and bathrooms, and laminate flooring in the main living areas. However, the kitchen cabinets are an older wood style, and the tile flooring and wall tiles in both the kitchen and bathrooms appear dated, suggesting a renovation that occurred 15-30 years ago rather than a recent one. While the unit is clean and functional with central AC/heat and in-unit laundry, the overall aesthetic in key areas like the kitchen and bathrooms is outdated and would benefit from cosmetic updates to align with current styles.
Pros & Cons

Pros

Exceptional Location & Connectivity: The property boasts a prime Encino location, moments away from vibrant shops, diverse restaurants, recreation areas, essential medical/religious centers, and offers easy access to the 101 and 405 freeways.
Versatile Floor Plan with Den: Featuring a 2-bedroom, 2-bath layout plus a bonus den, this unit offers flexible space perfect for a home office, playroom, or potential third bedroom, enhancing its functionality and appeal.
Comprehensive Building Amenities: Residents benefit from a well-kept building offering a sparkling pool, BBQ area, gym, and a rec room, providing a resort-like living experience within the community.
Desirable Unit Attributes & Upgrades: As a top-floor, corner unit, it's filled with natural light, includes a private balcony with a spacious view, features modern upgrades like stone countertops and easy-care flooring, in-unit laundry, and central AC/heat.
Convenience & Storage Solutions: The unit offers significant convenience with two tandem parking spaces, dedicated storage lockers, and direct elevator access without steps, simplifying daily living.

Cons

Substantial Monthly HOA Dues: The association fee of $701.51 per month is relatively high, adding a significant recurring cost to homeownership.
Prior Failed Escrow: The 'Back on Market - buyer could not perform' status may raise questions or concerns for potential buyers regarding the property's condition or transaction history.
Building Age: Built in 1967, the building's age, despite being well-kept, could imply potential for future maintenance costs or special assessments for major system replacements or renovations.

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