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Sold for $14,750,000
  • $14,750,000

    5415 Newcastle Ave, Encino, CA 91316

    32beds
    28baths
    71,765sqft
    Multi Family
    Built in 1964
    -- sqft lot
    $14,539,000 Zestimate®
    $206/sqft
    $3,383 Estimated rent

    Home value

    $14,539,000

    $13.09M - $16.14M

    $3,383/mo

    Zestimate® history
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    $3,383/mo

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    Rent Zestimate®

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    $95,177/mo

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    $95,177/mo

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    What's special

    Onsite laundry
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Daniel Withers DRE # 01325901 818-923-6107,

    Matthews Real Estate Investment Services 866-889-0550,

    Jeffrey Louks DRE # 00908473 818-212-2780,

    Marcus & Millichap

    Bought with:

    Subscriber Non, DRE # 13252

    Non-Participant Office

    Source: CLAW,MLS#: 24-445521MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 32
    • Bathrooms: 28
    Heating
    • Other
    Cooling
    • Other
    Interior area
    • Total structure area: 71,765
    • Total interior livable area: 71,765 sqft

    Property

    Parking
    • Total spaces: 66
    • Parking features: Other
    Features
    • Levels: Three Or More
    • Stories: 3
    Lot
    • Size: 1.4 Acres
    Details
    • Additional structures: Other
    • Zoning: LAR3
    • Special conditions: Standard
    • Other equipment: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1964

    Community & HOA

    Location
    • Region: Encino

    Financial & listing details

    • Price per square foot: $206/sqft
    • Tax assessed value: $5,684,519
    • Date on market: 9/26/2024

    Price history

    DateEventPrice
    2/25/2025Sold$14,750,000-6.3%$206/sqft
    Source: CLAW #24-445521 Report a problem
    1/15/2025Contingent$15,750,000$219/sqft
    Source: CLAW #24-445521 Report a problem
    11/21/2024Price change$15,750,000-6%$219/sqft
    Source: CLAW #24-445521 Report a problem
    10/25/2024Price change$16,750,000-4.3%$233/sqft
    Source: CLAW #24-445521 Report a problem
    9/26/2024Listed for sale$17,500,000$244/sqft
    Source: CLAW #24-445521 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Encino

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $14,539,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $14,539,000