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5415 Newcastle Ave

Encino, CA 91316
  • $15,750,000
  • STATUS: Active Under Contract
  • ON SITE: 143 Days
  • MLS #: 24-445521
Under Contract
UPDATED: 10 min ago
$15,750,000
  • 32
    BEDS
  • 1.4
    ACRES
  • 28
    BATHS
  • 0
    1/2 BATHS
  • 71,765
    SQFT
  • $219
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:
Area:

School Ratings & Info

Description

Newcastle Towers Apartments is a 66 apartment complex located at 5415 Newcastle Ave in the beautiful residential neighborhood of Encino, California. Constructed in 1964, this charming property showcases a distinctive unit mix, featuring (4) welcoming onebedroom, one-bath units, (56) cozy two-bedroom, one-and-a-half-bath units, and (6) three spacious bedroom, three-bath units. Property is also equipped with solar panels which is tied to heating of the hot water. Meticulously maintained over the years, the property exudes a timeless appeal and offers ample amenities for residents. In addition to convenient street parking, the property also provides 66 tuck under and carport parking spaces situated at the rear, ensuring residents' comfort and convenience. The property also features a pool, onsite laundry, and solar panels which are tied to the heating of the hot water. With its prime location and wellappointed features, 5415 Newcastle Ave presents an exceptional opportunity for both investors and tenants alike.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-17T11:42:37.98. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/155873120
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5415 Newcastle Ave Encino, CA 91316

  • Price: $15,750,000
  • Status: Active Under Contract
  • On Site: 143 Days
  • Updated: 10 min ago
  • MLS #: 24-445521
32
Beds
28
Baths
0
½ Baths
1.4
Acres
71,765
SQFT
$219
$/SQFT
1964
Built
Neighborhood:
Encino
County:
Los Angeles
Area:
Encino
Property Description
Newcastle Towers Apartments is a 66 apartment complex located at 5415 Newcastle Ave in the beautiful residential neighborhood of Encino, California. Constructed in 1964, this charming property showcases a distinctive unit mix, featuring (4) welcoming onebedroom, one-bath units, (56) cozy two-bedroom, one-and-a-half-bath units, and (6) three spacious bedroom, three-bath units. Property is also equipped with solar panels which is tied to heating of the hot water. Meticulously maintained over the years, the property exudes a timeless appeal and offers ample amenities for residents. In addition to convenient street parking, the property also provides 66 tuck under and carport parking spaces situated at the rear, ensuring residents' comfort and convenience. The property also features a pool, onsite laundry, and solar panels which are tied to the heating of the hot water. With its prime location and wellappointed features, 5415 Newcastle Ave presents an exceptional opportunity for both investors and tenants alike.
Exterior Features

Levels Three Or More Lot Size Area 61034 Other Structures Other Parking Garage Other Total Parking 66

Interior Features

Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 5684519 Disclosures Other Gross Income 1430418 Gross Operating Income 1405912 Like Units1 4 Like Units2 56 Like Units3 6 Net Operating Income 788678.00 Number Of Buildings 1 Number Of Units 66 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 617234 Type Of Units Apartments Water Heaters YN Yes Year Built Source Other Zoning LAR3

Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services: 866-889-0550.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-17T11:42:37.98. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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75486 Augusta Drive
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