5429 Newcastle, Encino, California 91316, Encino, 91316 - 1 bed, 1 bath
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Encino, California 91316
This High-Potential Investment Opportunity is a 1-bedroom Condominium listed at $299,000—positioned well below the $263,168 Fair Market Value by -13%. While the property is priced above the current estimation, its prime location near Ventura Boulevard and top-floor positioning offer long-term stability. Featuring a Condition Rating of 4, the unit provides a functional layout with oak flooring, though it requires modernization to maximize rental yields. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an entry point into the Encino market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5429 Newcastle Subject | $299,000* List Price | 1 | 1 | 726 | $362 | - |
A 5414 Newcastle Avenue 33 Sold | $250,000 | 1 | 1 | 733 | $341 | 0.1 mi |
B 5429 Newcastle Avenue 213 Sold | $295,000 | 1 | 1 | 690 | $428 | 0.0 mi |
C 5400 Newcastle Avenue 66 Sold | $329,000 | 2 | 2 | 999 | $329 | 0.1 mi |
D 5460 White Oak C338 Sold | $265,000 | 1 | 2 | 712 | $372 | 0.4 mi |
E 5460 White Oak Avenue G313 Sold | $241,000 | 1 | 2 | 712 | $338 | 0.4 mi |
F 5460 White Oak Avenue C330 Sold | $215,000 | 1 | 2 | 712 | $302 | 0.4 mi |
G 5325 Newcastle Avenue 342 Sold | $350,000 | 2 | 1 | 809 | $433 | 0.1 mi |
H 5460 White Oak Ave C106 Sold | $295,000 | 2 | 2 | 990 | $298 | 0.4 mi |
I 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.
Property is moderate renovation needed.
Built in 1964, this property is significantly aged. While it features some updates like oak wood flooring and recessed lighting, the kitchen cabinetry and overall aesthetic appear dated (likely 20+ years old). It is functional and move-in ready but requires modernization of the kitchen and bath to meet current market standards.
Priced at $299,000, this property represents one of the most affordable entry points into the prestigious Encino market, offering significant appeal for first-time buyers and investors.
The residence is ideally situated near Ventura Boulevard's premier dining and shopping, with immediate access to the 101 and 405 freeways for easy commuting across Los Angeles.
Located on the top floor, this unit offers enhanced privacy and quietude with no neighbors above, featuring attractive oak wood flooring and a private balcony.
The monthly association fee of $595 is relatively high for a one-bedroom unit at this price point, which may impact the debt-to-income ratio for some buyers.
Built in 1964, the property may require modernization of interior finishes or building systems to align with the contemporary luxury standards typically found in the Encino area.
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.,
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 | 726 | 1,517 |
| Lot Size | 60,922 | 156,600 |
| Price | $299.0K | $494.0K |
| Price per sq ft | $412 | $391 |
| Built year | 1964 | 1973 |
| HOA | $595.0 | $709 |
| Days on market | 30 | 80 |
Jun 22, 2026
$299,000
Initial Listing
Jun 2, 2016
$225,000
Public Record
Feb 28, 2013
$140,000
Public Record
Oct 20, 2005
$268,000
Public Record
May 15, 1997
$41,000
Public Record