
Los Angeles, California 91316
This High-Potential Investment Opportunity is listed at a List Price of $249,000, positioned well above the $222,160 Fair Market Value by 12%. While the price reflects a premium, the property offers a Buy-and-Hold Investor or first-time buyer entry into the Encino market. Featuring a Condition Rating of 4, the unit requires cosmetic updates to modernize its 1967 origins. Residents benefit from resort-style amenities, including four swimming pools and fitness centers, providing significant lifestyle value despite the higher monthly HOA fees.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5414 Newcastle Avenue 19 Subject | $249,000* List Price | 1 | 1 | 657 | $338 | - |
A 5460 White Oak Sold | $217,000 | 1 | 1 | 683 | $318 | 0.4 mi |
B 5460 White Oak Avenue E125 Sold | $217,500 | 1 | 1 | 683 | $318 | 0.4 mi |
C 5460 White Oak Avenue G313 Sold | $241,000 | 1 | 2 | 712 | $338 | 0.4 mi |
D 5400 Newcastle Avenue 45 Active | $280,000 List Price | 1 | 1 | 691 | $405 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, the property is functional but dated. While it features newer flooring in the bedroom and central HVAC, the kitchen and bathroom maintain older tile countertops and white appliances likely exceeding 20 years in age, requiring cosmetic updates to meet modern standards.
Priced at $249,000, this condo offers a rare and highly competitive entry-level price point for the desirable Encino market, making it an ideal opportunity for first-time buyers or investors.
The Newcastle Manor community provides an extensive amenity package, including four swimming pools, four hot tubs, and multiple fitness centers, offering a high-end lifestyle experience.
The property boasts a highly convenient location near Ventura Boulevard's premier shopping and dining destinations, with immediate access to the 405 Freeway for easy commuting.
The monthly HOA fee of approximately $719 is relatively high for a one-bedroom unit, which may impact a buyer's monthly budget and overall debt-to-income ratio.
Built in 1967, the complex may lack the modern energy-efficient features of newer constructions and could potentially require more frequent long-term maintenance or assessments.
Don't miss this exceptional opportunity to own a spacious 1-bedroom, 1-bathroom condo in the desirable Newcastle Manor community. Ideally situated on the cooler side of the building, this inviting home features a private balcony overlooking the sparkling pool.Inside, you'll find elegant crown molding throughout, tile flooring in the living room and kitchen, and newer flooring in the generously sized primary bedroom. The spacious primary closet includes a custom organization system, while the bathroom offers a shower-over-tub combination. Additional highlights include central heating and air conditioning, as well as one reserved parking space.Residents of Newcastle Manor enjoy an impressive selection of resort-style amenities, including four swimming pools, four hot tubs, multiple fitness centers, barbecue areas, and beautifully landscaped garden courtyards.Conveniently located near Ventura Boulevard's popular shopping and dining destinations, with easy access to the 405 Freeway, this home offers comfort, convenience, and outstanding value. Don't miss your chance to make this fantastic condo your own!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 657 | 1,219.385 |
| Lot Size | 60,967 | 27,236.074 |
| Price | $249.0K | $800.2K |
| Price per sq ft | $379 | $650 |
| Built year | 1967 | 1979 |
| HOA | $718.92 | $685 |
| Days on market | 34 | 72 |
Aug 6, 2026
$249,000
Initial Listing
Dec 29, 2006
$267,000
Public Record
May 20, 2005
$238,000
Public Record