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5415 Newcastle Ave Encino, CA 91316
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Key Details
Sold Price $14,750,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 71,765 sqft
Price per Sqft $205
MLS Listing ID 24-445521
Sold Date 02/25/25
Bedrooms 32
Year Built 1964
Lot Size 1.401 Acres
Acres 1.4011
Property Sub-Type Multi-Family
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.
Location
State CA
County Los Angeles
Area Encino
Zoning LAR3
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Other
Garage Spaces 66.0
Building
Story 3
Level or Stories Three Or More
Others
Special Listing Condition Standard
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Bought with Non-Participant Office