5349 Newcastle Avenue 67, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath

5349 Newcastle Avenue 67, Encino, California 91316 home-pic-0
ACTIVE$425,000
5349 Newcastle Avenue 67, Encino, California 91316
2Beds
2Baths
923Sqft
60,939Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Walkability: Situated just off Ventura Boulevard, the property offers exceptional walkability to a wide array of restaurants, shopping, grocery stores (including Trader Joe's), coffee shops, and fitness centers.
Top Cons:
Building Age: Built in 1967, the building is over 50 years old, which may lead to potential future maintenance concerns or special assessments for common areas, despite unit upgrades.

Compared to the nearby listings

Price:$425.0K vs avg $462.5K ($-37,500)38%
Size:923 sqft vs avg 1,129.5 sqft26%
Price/sqft:$460 vs avg $40581%

More Insights

Built in 1967 (58 years old).
Condition: This unit is move-in ready with significant recent updates. It features a brand-new HVAC system, rich cherry floors throughout, and tastefully updated bathrooms with modern finishes. The kitchen is freshly painted, providing a clean and functional space. While the building was constructed in 1967, the unit itself has undergone substantial renovations that align with the 'Good' condition criteria, ensuring major systems are functional and aesthetics are updated.
Year Built
1967
Close
-
List price
$425K
Original List price
$435K
Price/Sqft
$460
HOA
$640.61
Days on market
-
Sold On
-
MLS number
SR25055441
Home ConditionGood
Features
Deck
View-

About this home

This top-floor unit offers a spacious and light-filled living experience in the heart of Encino. The open and airy living room, bathed in natural light, features sliding glass doors that lead to a private balcony overlooking a beautifully maintained courtyard. The freshly painted white kitchen, equipped with ample cabinet space, flows seamlessly into the dining area. Rich cherry floors add warmth throughout the home. The primary bedroom boasts a walk-in closet, while the second bedroom includes double sliding door closets. Both bathrooms have been tastefully updated with modern finishes. Additional highlights include a brand-new HVAC system installed by the current owners and fantastic community amenities such as a gym, pool, recreation room, two laundry rooms, and BBQ grills near the pool. The HOA also covers water, trash, and sewer costs. The building is secure, and the unit comes with two covered parking spots in a gated garage. Located just off Ventura Boulevard, you'll find yourself steps away from an array of exceptional restaurants, shopping destinations, grocery stores—including Trader Joe's—charming coffee shops, and fitness centers like Equinox and LA Fitness. Outdoor enthusiasts will appreciate nearby Lake Balboa Park, as well as the Sepulveda Basin Recreation Center, featuring golf courses, tennis courts, and scenic bike and jogging paths. Additionally, this property falls within the esteemed zoning areas for Nestle Avenue Charter Elementary and Gaspar De Portola Middle School, ensuring access to top-tier education.

Condition Rating
Good

This unit is move-in ready with significant recent updates. It features a brand-new HVAC system, rich cherry floors throughout, and tastefully updated bathrooms with modern finishes. The kitchen is freshly painted, providing a clean and functional space. While the building was constructed in 1967, the unit itself has undergone substantial renovations that align with the 'Good' condition criteria, ensuring major systems are functional and aesthetics are updated.
Pros & Cons

Pros

Prime Location & Walkability: Situated just off Ventura Boulevard, the property offers exceptional walkability to a wide array of restaurants, shopping, grocery stores (including Trader Joe's), coffee shops, and fitness centers.
Extensive Community Amenities: Residents benefit from fantastic community amenities including a gym, pool, recreation room, two laundry rooms, and BBQ grills, enhancing lifestyle and value.
Recent Unit Upgrades & Modern Finishes: The unit features a freshly painted kitchen, tastefully updated bathrooms with modern finishes, rich cherry floors, and a brand-new HVAC system, ensuring move-in readiness.
HOA Inclusions & Secure Parking: The HOA covers water, trash, and sewer costs, reducing monthly expenses. Additionally, the secure building provides two covered parking spots in a gated garage.
Top-Floor & Light-Filled Unit: As a top-floor unit, it offers a spacious, open, and airy living experience bathed in natural light, with a private balcony overlooking a beautifully maintained courtyard.

Cons

Building Age: Built in 1967, the building is over 50 years old, which may lead to potential future maintenance concerns or special assessments for common areas, despite unit upgrades.
High HOA Fees: The association fee of $640.61 is substantial for a 923 sqft unit, potentially impacting affordability and overall monthly housing costs for buyers.
Shared Laundry Facilities: The property utilizes communal laundry rooms rather than in-unit laundry, which may be a convenience drawback for some prospective buyers.

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