5429 Newcastle, Encino, California 91316, Encino, 91316 - 1 bed, 1 bath
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5429 Newcastle
Encino, California 91316
ACTIVE
CONDITION: FAIR
1Beds
1Baths
726Sq Ft
60,922Lot Size
Property Price
LIST PRICE$299,000
EST. MARKET VALUE
$258,926
15% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $299,000—positioned well below the $258,926 Fair Market Value by -15%. While the unit requires cosmetic updates given its Fair Condition Rating, the top-floor positioning and City Lights View offer significant lifestyle appeal. Located in the heart of Encino near Ventura Boulevard, this asset provides a rare entry-level price point in a high-demand area. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic renovations.
Estimated Market Value
$258,926
Based on Realkey algorithm analyzing recent comparable sales in Encino.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5429 Newcastle Subject | $299,000* List Price | 1 | 1 | 726 | $357 | - |
A 5460 White Oak Sold | $217,000 | 1 | 1 | 683 | $318 | 0.4 mi |
B 5400 Newcastle Avenue 66 Sold | $329,000 | 2 | 2 | 999 | $329 | 0.1 mi |
C 5460 White Oak Avenue E125 Sold | $217,500 | 1 | 1 | 683 | $318 | 0.4 mi |
D 5460 White Oak Avenue G313 Sold | $241,000 | 1 | 2 | 712 | $338 | 0.4 mi |
E 5460 White Oak C338 Sold | $265,000 | 1 | 2 | 712 | $372 | 0.4 mi |
F 5325 Newcastle Avenue 342 Sold | $350,000 | 2 | 1 | 809 | $433 | 0.1 mi |
G 5400 Newcastle Avenue 45 Active | $280,000 List Price | 1 | 1 | 691 | $405 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1964, this unit is significantly aged. While it features well-maintained oak flooring and added recessed lighting, the kitchen cabinetry and appliances appear dated (likely 15-25 years old). The property is functional and move-in ready but falls into the 'Fair' category as it requires cosmetic updates to the kitchen and likely the bathroom to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Market Value
Priced under $300,000 in the prestigious Encino market, this property offers a rare entry-level opportunity for first-time buyers and investors seeking high value in a sought-after neighborhood.
- Prime Top-Floor Positioning
As a top-floor unit, the residence provides enhanced privacy with no neighbors above, featuring oak wood flooring and a private balcony with city light views that elevate the living experience.
- Highly Centralized Location
The property boasts superior walkability and transit access, located just moments from Ventura Boulevard's premier dining and shopping, with immediate proximity to the 101 and 405 freeways.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fees
The $595 monthly HOA fee is relatively high for a one-bedroom unit, which may affect the overall monthly carrying costs and appeal for budget-conscious buyers.
- Vintage Building Age
Built in 1964, the property may require modern updates or face higher long-term maintenance needs compared to newer condominium developments in the area.
About 5429 Newcastle
Priced to Sell – One of the Best Values in Encino! TOP FLOOR , Don't miss this exceptional opportunity for a first-time buyer, investor, or anyone seeking an afford-able home in a prime location. Situated on the top floor of a quiet and well-maintained building, this spacious residence offers a comfortable and functional floor plan designed for everyday living. The inviting living room features beautiful oak wood flooring and opens to a private balcony, creating the perfect space to relax or enjoy your morning coffee. Adjacent to the living area is a dedicated dining space ideal for entertaining family and friends, while the kitchen offers ample room for meal preparation and daily convenience. The generously sized bedroom includes a large walk-in closet and is conveniently located near a full bathroom. The community offers desirable amenities including a sparkling pool, spa, recreation room, and well-maintained common areas. Located in the heart of Encino, you'll enjoy being just moments from Ventura Boulevard's renowned restaurants, cafes, shopping, and entertainment. Commuters will appreciate the easy access to both the 101 and 405 freeways, providing convenient connections to Downtown Los Angeles, the Westside, Calabasas, and beyond. A fantastic opportunity to own in one of the Valley's most sought-after neighbor-hoods at an incredible value.,
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1964
- Lot Size
- 60,922 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $595.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 1.9 |
| Baths | 1.0 | 1.9 |
| Square foot | 726 | 1,177.536 |
| Lot Size | 60,922 | 200,334.571 |
| Price | $299.0K | $481.6K |
| Price per sq ft | $412 | $387 |
| Built year | 1964 | 1972 |
| HOA | $595.0 | $730 |
| Days on market | 79 | 82 |
Pricing History
Listed for Sale
Jun 22, 2026
$299,000
Initial Listing
Sold
Jun 2, 2016
$225,000
Public Record
Sold
Feb 28, 2013
$140,000
Public Record
Sold
Oct 20, 2005
$268,000
Public Record
Sold
May 15, 1997
$41,000
Public Record