5429 Newcastle Avenue 311, Encino, California 91316, Encino, 91316 - 1 bed, 1 bath
ACTIVE$339,900
5429 Newcastle Avenue 311, Encino, California 91316
1Bed
1Bath
726Sqft
60,922Lot
Year Built
1964
Close
-
List price
$340K
Original List price
$377K
Price/Sqft
$468
HOA
$600
Days on market
-
Sold On
-
MLS number
SR24178111
Home ConditionFair
Features
Good View: None
Pool
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $339.9K(26th), sqft - 726(13th), beds - 1(21th), baths - 1(24th).
Welcome home to this beautiful 1 bed 1 bath unit situated in the heart of Encino. This unit offers 1 large size bedroom with a walk-in closet, a dining area, and a living room with a balcony overlooking the pool. Each floor offers its own laundry room, with the unit being close to both the laundry room and elevator. Located within walking distance to Ventura Blvd, there are many opportunities for dining and shopping nearby.
Condition Rating
Fair
The property, built in 1964, has received some updates such as modern laminate flooring and fresh paint throughout. The bathroom features an updated vanity and light fixture, making it functional. However, the kitchen is significantly dated with tile countertops and backsplash, which would require a renovation to meet current aesthetic standards. While move-in ready, the kitchen's condition and the overall age of the building suggest it falls into the 'fair' category, requiring minor updates to enhance its appeal.
Pros & Cons
Pros
Prime Location & Walkability: Situated in the heart of Encino, within walking distance to Ventura Blvd, offering abundant dining and shopping opportunities.
Convenient On-Floor Amenities: The unit is ideally located close to both the laundry room and elevator on its respective floor, enhancing daily convenience.
Private Balcony with Pool View: Features a private balcony directly overlooking the community pool, providing a pleasant outdoor space and recreational amenity.
Spacious Bedroom with Walk-in Closet: The unit boasts a large bedroom equipped with a desirable walk-in closet, offering ample storage.
Community Pool Access: Residents have access to a community pool, enhancing lifestyle and recreational options within the complex.
Cons
High Monthly HOA Fee: The $600.00 monthly association fee is significant for a 1-bedroom unit, impacting overall affordability and carrying costs.
Older Building Age: Constructed in 1964, the building's age may suggest potential for dated infrastructure, common areas, or future maintenance assessments.
Extended Market Time & Price Reduction: The property has been on the market since August 2024 with a notable price reduction from its original listing, potentially indicating challenges in attracting buyers or initial overpricing.