5403 Newcastle Avenue 28, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath
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Encino, California 91316
This Value-Add Condominium in the heart of Encino is listed at $350,000, offering a strategic entry into the Newcastle Manor community relative to its $311,758 Fair Market Value. Boasting a Condition Rating of 4, the interior requires modernization in the kitchen and bathrooms, presenting a significant opportunity for forced appreciation and increased ROI. The unit includes a Private Patio with Pool and Courtyard Views and is situated within the Los Angeles Unified district. This property is a high-potential asset for Buy-and-Hold Investors or first-time buyers looking to build equity in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5403 Newcastle Avenue 28 Subject | $350,000* List Price | 2 | 2 | 944 | $330 | - |
A 5414 Newcastle Avenue 8 Sold | $280,000 | 2 | 2 | 901 | $311 | 0.1 mi |
B 5460 White Oak Avenue J206 Sold | $275,000 | 2 | 2 | 990 | $278 | 0.5 mi |
C 5429 Newcastle Avenue 309 Sold | $410,000 | 2 | 2 | 1,068 | $384 | 0.1 mi |
D 5400 Newcastle Avenue 56 Sold | $405,000 | 2 | 2 | 1,111 | $365 | 0.1 mi |
E 5460 White Oak Ave C106 Sold | $295,000 | 2 | 2 | 990 | $298 | 0.5 mi |
F 5447 Zelzah Avenue 110 Sold | $450,000 | 2 | 3 | 1,285 | $350 | 0.2 mi |
G 5400 Newcastle Avenue 66 Active | $329,000 List Price | 2 | 2 | 999 | $329 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, this condo features a functional but significantly outdated kitchen with traditional wood cabinets, older laminate countertops, and dated appliances and lighting. The bathrooms also show signs of age with older vanities, fixtures, and lighting. While the living areas have updated laminate wood flooring and fresh paint, the core areas (kitchen and baths) require substantial cosmetic updates to meet current standards. The property is well-maintained but clearly shows its age, aligning with the 'fair' condition criteria.
The property boasts a highly desirable location in Encino, moments away from a variety of restaurants, shops, and highly sought-after schools, enhancing its appeal and convenience.
Residents benefit from a sparkling pool, spa, well-equipped fitness center, BBQ area, and community laundry facilities, offering a resort-like living experience.
The unit includes two tandem parking spots within a secure, gated parking area, providing peace of mind and convenience.
The association fee of $771.64 per month is relatively high, which could impact affordability and long-term ownership costs.
Built in 1967, the building is older, which may imply potential for dated systems, finishes, or future maintenance needs not covered by the HOA.
At 944 sqft for a 2-bedroom, 2-bathroom unit, the living space is relatively compact, which might be a consideration for buyers seeking more expansive interiors.
Welcome to this charming first-floor condo in the highly desirable community of Newcastle Manor in the heart of Encino. This beautiful 2-bedroom, 2-bathroom unit offers a bright and inviting living space that seamlessly connects to the dining area, perfect for entertaining. The spacious primary suite features a large walk-in closet and offers a peaceful retreat. Enjoy your morning coffee or evening breeze on the private patio. The unit includes two tandem parking spots in the secure, gated parking area. Residents of Newcastle Manor enjoy a variety of fantastic amenities, including a sparkling pool, spa, and a well-equipped fitness center. The complex also offers a BBQ area with seating, community laundry facilities, and a gated entrance for added security. The HOA covers water, sewer, and trash, making for an easy and convenient lifestyle. This prime location is just moments away from a variety of restaurants, shops, and highly sought-after schools. Don't miss this opportunity to live in one of Encino's most coveted communities! Some Photos are virtually staged
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 | 944 | 1,029 | 37% |
| Lot Size | 60,914 | 60,967 | 39% |
| Price | $350.0K | $419.0K | 41% |
| Price per sq ft | $371 | $376 | 43% |
| Built year | 1967 | 1971 | 29% |
| HOA | $771.64 | $652 | 73% |
| Days on market | 92 | 188 | 20% |
Mar 4, 2026
$350,000
$375,000
-7% Price Drop
Initial Listing
Jan 20, 2026
$375,000
Initial Listing
Sep 7, 2005
$325,000
Public Record