$14,750,000
SOLD FEB 25, 2025

5415 Newcastle Ave Encino, CA 91316

Encino Neighborhood
32 Beds
28 Baths
71,765 Sq Ft
1.4 Acres

Recently Sold

$206 Per Sq Ft

16% Below List Price

74 Days on Market

About This Home

As of February 2025

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.

Last Agent to Sell the Property

Daniel Withers

Matthews Real Estate Investment Services License #01325901

Co-Listed By

Jeff Louks

Marcus & Millichap License #00908473

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 1.4 Acre Lot

Parking

  • 66 Parking Spaces

Interior Spaces

  • 71,765 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 28 Bathrooms

Community Details

  • 66 Units

Listing and Financial Details

  • Assessor Parcel Number 2162-002-103

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Three Or More
  • Street Number Display: Yes
  • Living Area: 71765
  • Lot Acreage: 1.4011
  • Stories: 3
  • Year Built: 1964
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 32
  • Total Bathrooms: 28.00
  • Price Per S Q F T: 219.47

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 66

Utilities

  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 71.91
  • Assessed Improvement Value: 4087752
  • Assessed Land Percent: 28.09
  • Assessed Land Value: 1596767
  • Total Assessed Value: 5684519
  • Assessor Parcel Number: 2162-002-103
  • Lot Size Area: 61034

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.87
  • Number Of Units: 66
  • Total Annual Expense: 617234
  • Type Of Units: Apartments
  • Vacancy Rate: -3%

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Sold $14,750,000 -6.3% $206 / Sq Ft
12/09/2024 12/09/24 Pending -- -- --
11/21/2024 11/21/24 Price Changed $15,750,000 -6.0% $219 / Sq Ft
10/25/2024 10/25/24 Price Changed $16,750,000 -4.3% $233 / Sq Ft
09/26/2024 09/26/24 For Sale $17,500,000 -- $244 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 24-445521

The MLS

California Los Angeles County Encino 91316 Encino

5415 Newcastle Ave, Encino, CA

Homes for Sale in Encino, CA

This home is located at 5415 Newcastle Ave, Encino, CA 91316 and is currently priced at $14,750,000, approximately $205 per square foot. This property was built in 1964. 5415 Newcastle Ave is a home located in Los Angeles County with nearby schools including Gaspar De Portola Middle School, Nestle Avenue Charter, and Emelita Street Elementary.

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