5429 Newcastle Avenue 206, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath
ACTIVE$449,000
5429 Newcastle Avenue 206, Encino, California 91316
2Beds
2Baths
1,147Sqft
60,922Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location: Situated in the heart of Encino, offering walking distance to Ventura Blvd, easy access to the 101 Fwy, shopping, restaurants, and nearby Lake Balboa recreational area.
Top Cons:
High Monthly Association Fees: The $600 monthly association fee is substantial and represents a significant ongoing cost for homeowners.
Compared to the nearby listings
Price:$449.0K vs avg $462.5K ($-13,500)49%
Size:1,147 sqft vs avg 1,140 sqft51%
Price/sqft:$391 vs avg $40343%
More Insights
Built in 1964 (61 years old).
Condition: Built in 1964, this condominium shows signs of regular maintenance and some partial updates, such as the laminate flooring in the main living areas. However, the kitchen features older white appliances and dated cabinetry, while the bathrooms have basic, older fixtures and tile work. While functional and clean, these key areas require significant cosmetic updates to meet current buyer expectations and modern styles. The property is aged but maintained, fitting the 'Fair' category.
Year Built
1964
Close
-
List price
$449K
Original List price
$495K
Price/Sqft
$391
HOA
$600
Days on market
-
Sold On
-
MLS number
SR25128649
Home ConditionFair
Features
Pool
ViewNeighborhood
About this home
In the heart of Encino bright and upgrades spacious Condominium approximately 1,147 SF, in and nearby Lake Balboa recreational area. The Condo is located on the 2nd floor with an open floor plan consisting of 2 bedrooms, 2 baths, master has 2 walk in closets, plenty of cabinet space in the kitchen, central A/C and lots of natural light. Condo has elevators, community pool and sauna, 2 gated assigned parking spaces, laundry facilities and is within walking distance to Ventura Blvd with easy access to 101 Fwy, shopping, and restaurants. Come see for yourself.
Condition Rating
Fair
Built in 1964, this condominium shows signs of regular maintenance and some partial updates, such as the laminate flooring in the main living areas. However, the kitchen features older white appliances and dated cabinetry, while the bathrooms have basic, older fixtures and tile work. While functional and clean, these key areas require significant cosmetic updates to meet current buyer expectations and modern styles. The property is aged but maintained, fitting the 'Fair' category.
Pros & Cons
Pros
Exceptional Location: Situated in the heart of Encino, offering walking distance to Ventura Blvd, easy access to the 101 Fwy, shopping, restaurants, and nearby Lake Balboa recreational area.
Generous Interior Space & Layout: A spacious 1,147 sq ft condominium with an open floor plan, 2 bedrooms, 2 baths, a master suite featuring two walk-in closets, ample kitchen cabinet space, and abundant natural light.
Comprehensive Community Amenities: The building provides desirable amenities including elevators, a community pool, and a sauna, enhancing the resident's lifestyle and convenience.
Dedicated Parking & Climate Control: Includes two gated assigned parking spaces for security and convenience, along with central A/C for year-round comfort.
Recent Price Adjustment: The property has seen a significant price reduction from $495,000 to $449,000, potentially offering a more attractive entry point for buyers.
Cons
High Monthly Association Fees: The $600 monthly association fee is substantial and represents a significant ongoing cost for homeowners.
Building Age: Built in 1964, the 60-year-old building may raise concerns about aging infrastructure, potential for future maintenance issues, or special assessments.
Communal Laundry Facilities: While available, the laundry facilities are communal rather than in-unit, which may be less convenient for some prospective buyers.