5339 Newcastle Avenue 103, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath

5339 Newcastle Avenue 103, Encino, California 91316 home-pic-0
ACTIVE$475,000
5339 Newcastle Avenue 103, Encino, California 91316
2Beds
2Baths
1,253Sqft
30,457Lot
Year Built
1964
Close
-
List price
$475K
Original List price
$499K
Price/Sqft
$379
HOA
$517
Days on market
-
Sold On
-
MLS number
SB22161072
Home ConditionPoor
Features
Pool
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $475.0K(50th), sqft - 1253(59th), beds - 2(50th), baths - 2(50th).

Bright and spacious Condominium approximately 1,253 SF, in the heart of Encino and nearby Lake Balboa recreational area. The Condo is located on the 1st floor with an open floor plan consisting of 2 bedrooms, 2 baths, walk in closet in master suite, plenty of cabinet space in the kitchen, central A/C and lots of natural light. Condo has ample amenities including elevators, community pool, BBQ area, 2 gated assigned parking spaces, trash chute, laundry facilities on each level and is within walking distance to Ventura Blvd with easy access to 101 Fwy, shopping, and restaurants. Unit is tenant occupied and will be delivered as such.

Price History

Date
Event
Price
10/25/25
Price Change
$475,000
08/01/22
Listing
$499,000
Condition Rating
Poor

The property was built in 1964, making it 60 years old. While tenant-occupied and functional, the images reveal an extremely dated interior, particularly the kitchen. The kitchen features very old built-in appliances (double oven appears to be from the 70s or 80s), worn laminate countertops, painted white cabinets that show significant age, and outdated lighting. The flooring in the kitchen also appears worn. Other areas show popcorn ceilings and dated light fixtures. Although the property has central A/C and community amenities, the core living spaces, especially the kitchen and likely the bathrooms (no images provided, but inferred from kitchen's condition), require substantial rehabilitation and renovation to meet current quality and aesthetic standards. This goes beyond minor updates, aligning with the 'poor' classification.
Pros & Cons

Pros

Prime Location & Accessibility: Situated in the heart of Encino, within walking distance to Ventura Blvd, shopping, restaurants, and offering easy access to the 101 Fwy and nearby Lake Balboa recreational area.
Comprehensive Community Amenities: The condominium complex provides a range of desirable amenities including elevators, a community pool, BBQ area, trash chute, and laundry facilities on each level.
Spacious & Bright Interior: Approximately 1,253 SF with an open floor plan, 2 bedrooms, 2 baths, and abundant natural light, creating a welcoming and comfortable living space.
Essential Comforts & Practical Features: Equipped with central A/C, a walk-in closet in the master suite, and plenty of cabinet space in the kitchen, enhancing daily living convenience.
Secure & Convenient Parking: Includes two gated assigned parking spaces, providing security and ease of access for residents.

Cons

Tenant Occupied Delivery: The unit is tenant-occupied and will be delivered as such, which may complicate immediate owner occupancy or require managing a tenant transition.
High Association Fees: The monthly association fee of $517 is relatively high, adding a significant recurring cost to ownership.
Extended Market Time & Price Adjustment: The property has been on the market since August 2022 and has undergone a price reduction, potentially indicating challenges in attracting buyers or initial overpricing.

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