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5400 Newcastle Avenue 56, Encino, California 91316, Encino, 91316 - 3 bed, 2 bath

5400 Newcastle Avenue 56, Encino, California 91316 home-pic-0
ACTIVE$435,000
5400 Newcastle Avenue 56, Encino, California 91316
3Beds
2Baths
1,111Sqft
60,966Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Accessibility: The property boasts an excellent location, moments away from Encino Common's vibrant shops, diverse restaurants, Sepulveda Recreation Area, and essential medical/religious centers, with easy access to the 101 and 405 freeways.
Top Cons:
High Association Fee: The monthly association fee of $701.51 is substantial and could be a deterrent for budget-conscious buyers, impacting overall affordability.

Compared to the nearby listings

Price:$435.0K vs avg $462.5K ($-27,500)43%
Size:1,111 sqft vs avg 1,129.5 sqft49%
Price/sqft:$392 vs avg $40343%

More Insights

Built in 1967 (58 years old).
Condition: Built in 1967, this unit has received functional upgrades like recently installed central AC/heat, and features easy-care laminate and tile flooring. The kitchen and bathrooms are clean and functional with stone countertops, but the dark wood cabinets, backsplash, and overall aesthetic appear dated, suggesting renovations were done 15-25 years ago rather than recently. While well-maintained and move-in ready, a buyer seeking a modern aesthetic would likely desire minor updates to the kitchen and bathrooms.
Year Built
1967
Close
-
List price
$435K
Original List price
$469K
Price/Sqft
$392
HOA
$701.51
Days on market
-
Sold On
-
MLS number
SR25094505
Home ConditionFair
Features
Deck
Pool
ViewNeighborhood

About this home

Light & bright 2+2+ DEN! This desirable top floor, corner unit is located in the quiet back of the building and is filled with natural light. It features upgrades such as stone countertops and easy-care laminate and tile floors. The living room opens out to private balcony with a spacious view. Convenience is key with an in-unit combo washer/dryer, walk-in closets, and recently upgraded central AC/heat. In addition to the 2 bedrooms, there is a bonus den area that makes a perfect office, playroom or 3rd bedroom. Well-kept building with a sparkling pool, BBQ area, gym, and rec room. Unit is conveniently located by the elevator with no steps in between. 2 tandem parking spaces and storage lockers included. Moments away from Encino Common's vibrant shops and diverse restaurants, Sepulveda Recreation Area and essential medical and religious centers. Easy access to 101 and 405 freeways. CLOSING COST & DOWN PYMT ASSISTANCE AVAILABLE FOR QUALIFIED BUYERS. Don’t miss!

Condition Rating
Fair
Built in 1967, this unit has received functional upgrades like recently installed central AC/heat, and features easy-care laminate and tile flooring. The kitchen and bathrooms are clean and functional with stone countertops, but the dark wood cabinets, backsplash, and overall aesthetic appear dated, suggesting renovations were done 15-25 years ago rather than recently. While well-maintained and move-in ready, a buyer seeking a modern aesthetic would likely desire minor updates to the kitchen and bathrooms.
Pros & Cons

Pros

Prime Location & Accessibility: The property boasts an excellent location, moments away from Encino Common's vibrant shops, diverse restaurants, Sepulveda Recreation Area, and essential medical/religious centers, with easy access to the 101 and 405 freeways.
Desirable Unit Characteristics: As a top-floor, corner unit, it benefits from abundant natural light and a quiet location at the back of the building, featuring a private balcony with a spacious view.
Modern Upgrades & Conveniences: The unit includes valuable upgrades such as stone countertops, easy-care laminate and tile floors, an in-unit combo washer/dryer, walk-in closets, and recently upgraded central AC/heat.
Flexible Living Space: The bonus den area provides significant versatility, easily serving as a perfect office, playroom, or a potential third bedroom, catering to various lifestyle needs.
Comprehensive Building Amenities & Inclusions: The well-kept building offers desirable amenities including a sparkling pool, BBQ area, gym, and rec room, complemented by two tandem parking spaces and storage lockers included with the unit.

Cons

High Association Fee: The monthly association fee of $701.51 is substantial and could be a deterrent for budget-conscious buyers, impacting overall affordability.
Building Age: Built in 1967, the building is older, which, despite being well-kept, may raise concerns for some buyers regarding potential future maintenance, assessments, or infrastructure updates compared to newer constructions.
Price Reduction History: The property has seen a significant price reduction from its original list price of $469,000 to $435,000, which might suggest it was initially overpriced or has faced challenges in attracting offers.

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