5414 Newcastle Avenue 49, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath

5414 Newcastle Avenue 49, Encino, California 91316 home-pic-0
ACTIVE$375,000
5414 Newcastle Avenue 49, Encino, California 91316
2Beds
2Baths
859Sqft
60,967Lot
Year Built
1967
Close
-
List price
$375K
Original List price
$389K
Price/Sqft
$437
HOA
$629.99
Days on market
-
Sold On
-
MLS number
SR25134891
Home ConditionFair
Features
Deck
Pool
Spa
ViewPool

About this home

We found 3 Cons,5 Pros. Rank: price - $375.0K(34th), sqft - 859(24th), beds - 2(50th), baths - 2(50th).

SELLER INCENTIVE - SELLER TO PAY ONE YEAR OF HOA DUES FOR BUYER AT CLOSING - Top-floor 2-bedroom condominium situated in the heart of Encino. This property features an unique split-level layout that offers a refined sense of space and separation. The main level encompasses a spacious primary bedroom, full bathroom, kitchen, large dining and living room area, and balcony. The charm of the second bedroom loft area, which contains an ensuite half bath and spacious closet, is perfect for a home office, den or guest space. The generously sized kitchen is equipped with ample cabinetry, newer stainless steel appliances, and additional electrical outlets to support various kitchen devices. Featuring central heating and air conditioning, this unit is freshly painted, benefits from abundant natural light, and includes a newer electrical panel, water heater, dual-pane windows, and patio door. Complex amenities include an elevator, secured access, pool, spa, separate men's and women's saunas, fitness center, BBQ area, serene courtyard, and a covered parking space with a substantial overhead storage cabinet. Located within a gated community, it is conveniently positioned near Ventura Boulevard and everyday amenities such as Trader Joe’s, Ralphs, houses of worship, numerous restaurants, and shopping venues. With no neighbors above and overlooking the interior courtyard, this home provides a quiet and peaceful environment. Come see this today!

Price History

Date
Event
Price
08/02/25
$375,000
06/20/25
$388,800
Condition Rating
Fair

The property, built in 1967, is well-maintained with recent updates like a newer electrical panel, water heater, dual-pane windows, and fresh paint. It also benefits from central heating and air conditioning. However, the kitchen features very dated dark wood cabinetry and tile flooring, and while the description mentions 'newer stainless steel appliances,' the images clearly show older-style black appliances, indicating a discrepancy or an older 'newer' appliance set. The visible half-bathroom also has a very outdated tile countertop and fixtures. While functional and move-in ready, the key areas of the kitchen and bathrooms show significant signs of being outdated, aligning with the 'Fair' condition criteria where major components are functional but show signs of being outdated, and the property is aged but maintained through regular upkeep and occasional updates, rather than a recent comprehensive renovation.
Pros & Cons

Pros

Seller Incentive: The seller is offering to pay one year of HOA dues at closing, providing a significant financial benefit to the buyer upfront.
Top-Floor & Quiet Location: As a top-floor unit with no neighbors above and overlooking the interior courtyard, the property offers a quiet and peaceful living environment.
Recent Upgrades & Maintenance: The unit features recent updates including fresh paint, a newer electrical panel, water heater, dual-pane windows, and patio door, reducing immediate buyer expenses.
Comprehensive Complex Amenities: The gated community boasts extensive amenities such as a pool, spa, saunas, fitness center, BBQ area, secured access, and covered parking with storage, enhancing lifestyle and value.
Prime Encino Location: Conveniently located near Ventura Boulevard, offering easy access to essential amenities like Trader Joe's, Ralphs, various restaurants, and shopping venues.

Cons

High HOA Dues: The monthly association fee of $629.99 is relatively high, which will be a significant recurring cost for the buyer after the initial seller incentive period.
Building Age: Built in 1967, the building's age, despite unit-specific updates, may imply older common area infrastructure or potential for future large-scale assessments.
Loft Bedroom Configuration: The second bedroom is a loft area with an ensuite half bath, which, while unique, may not offer the privacy or traditional feel desired by all buyers for a second bedroom.

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