5400 Newcastle Avenue 66, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath
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Encino, California 91316
This top-floor Encino condominium is a strategic Value-Add Opportunity with a List Price of $329,000, representing a stable acquisition price relative to its $321,644 Fair Market Value. Currently holding a Condition Rating of 4, the asset requires cosmetic modernization to maximize ROI, though it features a newer HVAC system and water heater. Located within the Los Angeles Unified district, the property offers tandem parking and resort-style amenities including a sparkling pool and spa. This is a high-potential project for Buy-and-Hold Investors or Contractors seeking a low-entry Encino asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5400 Newcastle Avenue 66 Subject | $329,000* List Price | 2 | 2 | 999 | $322 | - |
A 5414 Newcastle Avenue 8 Sold | $280,000 | 2 | 2 | 901 | $311 | 0.0 mi |
B 5400 Newcastle Avenue 56 Sold | $405,000 | 2 | 2 | 1,111 | $365 | 0.0 mi |
C 5460 White Oak Avenue C101 Sold | $239,000 | 2 | 2 | 990 | $241 | 0.4 mi |
D 5460 White Oak Avenue J206 Sold | $275,000 | 2 | 2 | 990 | $278 | 0.4 mi |
E 5414 Newcastle Avenue 49 Sold | $345,000 | 2 | 2 | 859 | $402 | 0.0 mi |
F 5414 Newcastle Avenue 33 Sold | $250,000 | 1 | 1 | 733 | $341 | 0.0 mi |
G 5403 Newcastle Avenue 28 Active | $350,000 List Price | 2 | 2 | 944 | $371 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, this property is well-maintained but largely outdated, fitting the 'fair' criteria. While it features essential functional upgrades like a newer HVAC system and water heater, along with cosmetic touches like fresh paint and new bedroom carpeting, the kitchen and bathrooms remain in a dated style. The listing explicitly mentions the unit is 'full of potential' for buyers to add their personal touch, indicating that while livable, it requires modernization to meet current aesthetic standards.
Situated in the heart of Encino, this property offers exceptional walkability to Ventura Boulevard's premier shopping and dining, plus rapid access to the 101 and 405 freeways.
As a top-floor unit, the home enjoys superior natural light and sky views without the noise of overhead neighbors, providing a more peaceful and bright living environment.
The property features a newer central HVAC system and water heater, significantly reducing the risk of immediate high-cost maintenance for the new owner.
The association fee of $640.61 is relatively high for a unit at this price point, which may impact the monthly affordability and borrowing power for some buyers.
The reliance on community laundry facilities rather than in-unit hookups is a notable drawback for buyers seeking modern convenience and privacy.
Rare opportunity, and full of potential - Welcome to your peaceful hideaway in the heart of Encino. This top-floor unit offers generous natural light and sky views within a lush, resort-style community just moments from Ventura Boulevard's shops, restaurants, and entertainment. The unit features a walk-in closet, fresh paint and carpeting in the bedrooms, and newer central HVAC and water heater. This home is perfect for buyers looking to add their personal touch. Enjoy secure, controlled-access living with amenities including a sparkling pool, spa, BBQ area, gym, recreation room and community laundry. Two tandem parking spaces and a private storage locker are included. With easy access to the 101 and 405 freeways and located near Encino Commons, this condo is in an ideal location. Also available for lease, may qualify for VA loan approval.
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 | 999 | 1,029 | 47% |
| Lot Size | 60,966 | 60,967 | 49% |
| Price | $329.0K | $419.0K | 37% |
| Price per sq ft | $329 | $376 | 25% |
| Built year | 1967 | 1971 | 29% |
| HOA | $640.61 | $650 | 45% |
| Days on market | 96 | 188 | 20% |
Mar 26, 2026
$329,000
$349,000
-6% Price Drop
Initial Listing
Jan 16, 2026
$349,000
Initial Listing
Aug 12, 2003
$208,500
Public Record
Aug 9, 2001
$133,000
Public Record