Encino, CA 91316,5415 Newcastle Ave
$14,750,000
$15,750,000
6.3%
Est.Price: ?

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32 BD
28 BA
71,765 SqFt

5415 Newcastle Ave Encino, CA 91316

Est. payment /mo
SOLD DATE : 02/25/2025

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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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TheMLS (CLAW)
Listed by Matthews Real Estate Investment Services
Bought with Non-Participant Office

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agent

Asianna Joyce

Agent | License ID: 02204089

+1(310) 717-8030

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