5429 Newcastle Avenue 213, Encino, California 91316, Encino, 91316 - 1 bed, 1 bath

5429 Newcastle Avenue 213, Encino, California 91316 home-pic-0
ACTIVE$330,000
5429 Newcastle Avenue 213, Encino, California 91316
1Bed
1Bath
690Sqft
60,922Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Situated in an ideal Encino location, just off Ventura Blvd, offering excellent accessibility and desirability.
Top Cons:
High HOA Fees: The association fee of $600.0 per month is substantial for a one-bedroom condominium, potentially impacting affordability and long-term costs.

Compared to the nearby listings

Price:$330.0K vs avg $462.5K ($-132,500)26%
Size:690 sqft vs avg 1,129.5 sqft12%
Price/sqft:$478 vs avg $40587%

More Insights

Built in 1964 (61 years old).
Condition: Built in 1964, this condo has received some recent cosmetic updates such as fresh paint, a new bathroom vanity and mirror, and a smart thermostat. The living areas feature newer laminate flooring. However, the kitchen retains significantly outdated tile countertops, backsplash, and flooring, along with older cabinets and a mix of appliance ages. The bathroom, while having a new vanity, likely still has older tile flooring and shower/tub surrounds. Popcorn ceilings are present throughout. While move-in ready, the property requires substantial updates to the kitchen and further modernization in the bathroom to meet current aesthetic standards, aligning with the 'fair' condition criteria for an aged home with functional but outdated major components.
Year Built
1964
Close
-
List price
$330K
Original List price
$339K
Price/Sqft
$478
HOA
$600
Days on market
-
Sold On
-
MLS number
225001384
Home ConditionFair
Features
View-

About this home

Situated in an ideal Encino location, just off of Ventura Blvd, this updated one bed, one bathroom condo is more than meets the eye. The spacious and open living area allows for a variety of design set ups with natural light pouring into your home. If you need storage, the unit has you completely covered with a walk-in closet in the bedroom, and THREE hallway closets including four linen cabinets, a shelving closet, and a second walk-in. The bedroom easily fits a king size bed with ample room for wardrobes and dressers. Recent updates include a new vanity and mirror in the bathroom, smart thermostat, and the unit has been recently painted. The complex has community laundry rooms, but in this unit, you won't have to travel far, as the nearest laundry room is conveniently located directly across the hall. Additionally, the unit comes with a covered parking space. With its prime location, ample amenities, and attractive price, you simply couldn't ask for more.

Condition Rating
Fair

Built in 1964, this condo has received some recent cosmetic updates such as fresh paint, a new bathroom vanity and mirror, and a smart thermostat. The living areas feature newer laminate flooring. However, the kitchen retains significantly outdated tile countertops, backsplash, and flooring, along with older cabinets and a mix of appliance ages. The bathroom, while having a new vanity, likely still has older tile flooring and shower/tub surrounds. Popcorn ceilings are present throughout. While move-in ready, the property requires substantial updates to the kitchen and further modernization in the bathroom to meet current aesthetic standards, aligning with the 'fair' condition criteria for an aged home with functional but outdated major components.
Pros & Cons

Pros

Prime Location: Situated in an ideal Encino location, just off Ventura Blvd, offering excellent accessibility and desirability.
Exceptional Storage: The unit boasts extensive storage, including a walk-in closet in the bedroom and three additional hallway closets with multiple linen and shelving options.
Recent Updates: The condo features recent updates such as a new bathroom vanity and mirror, a smart thermostat, and fresh paint, enhancing its modern appeal and move-in readiness.
Spacious & Flexible Living: The open living area allows for versatile design setups, and the bedroom comfortably accommodates a king-size bed with ample additional space.
Dedicated Covered Parking: The property includes a valuable covered parking space, a significant convenience in this urban setting.

Cons

High HOA Fees: The association fee of $600.0 per month is substantial for a one-bedroom condominium, potentially impacting affordability and long-term costs.
Building Age: Built in 1964, the building's age may suggest older infrastructure or common areas, potentially leading to future maintenance concerns or special assessments despite unit updates.
Community Laundry: While conveniently located across the hall, the absence of in-unit laundry facilities may be a drawback for some buyers who prefer private washing amenities.

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