tomo logo

$399,999

Beds
2
Baths
1.75
sq ft
945

5400 Newcastle Ave Unit 55, Encino, CA 91316

5400 Newcastle Ave Unit 55

Encino, CA 91316

  • 11 days on market
    • Open house Feb 23
Prime Encino Location, Top Floor Unit & Zoned to Highly Desirable Schools!  Experience the convenience of this fabulous location—just off Ventura Boulevard! Enjoy easy access to fantastic restaurants, shopping, grocery stores, (including Trader Joe’s), coffee shops, and gyms like Equinox and LA Fitness. Experience lake activities at Lake Balboa Park plus, golf, tennis courts, bike, and jogging paths at Sepulveda Basin Recreation Center! Zoned to coveted Nestle Ave Charter Elementary and Gaspar De Portola Middle schools. This 2-bedroom, 2-bath condo offers 945 sq. ft. of functional living space. The open living area is spacious and filled with natural light, leading to a private balcony—perfect for relaxing or entertaining. The kitchen features granite countertops, stainless steel appliances, and a brand-new oven range. A dedicated dining area makes it easy to enjoy meals or host gatherings. The primary bedroom includes two closets (one walk-in) and an ensuite bathroom with a step-in shower. The guest bedroom is well-sized, and an additional walk-in closet in the hallway provides extra storage. The guest bathroom includes a tub/shower combo for added convenience. This lovely community offers great amenities, including multiple swimming pools, a gym, BBQ areas, green pathways, open grassy spaces, elevators, and multiple laundry areas. Secure 2-car tandem parking with built-in storage adds extra convenience.  Convenient access to Beverly Hills, UCLA, The Westside, Downtown Los Angeles, and major employment centers via The 405 and 101 freeways. Whether you’re a first-time buyer, investor, or simply looking for a well-located home, this is a fantastic opportunity. Schedule a showing today!

Details

Property type

Condominium

Est. home value

$488,091

Lot size

1.399 acres

Price per sq ft

$424

Year built

1967

Monthly HOA fee

$635.46

Price History

02/12/2025
CRMLS

CRMLS #SR25032629

Listed
$399,999
-14.89%
03/29/2022
CLAW

CLAW #22129371

Sold
$470,000

Schools & Community

Neighborhood: 

Encino

Elementary school: 

Nestle

Middle school: 

Portola

High school: 

Reseda

Community features: 

Curbs, Golf, Lake, Park, Street Lights, Suburban, Sidewalks

High school district: 

Los Angeles Unified

Number of units in community: 

280

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$13,946
Asking price
$399,999
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$354,053
Cash to seller
$13,946

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Priority Financial Network

Loan start date

March 2022

Original loan amount

$376,000

Est. remaining balance

$354,053

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Stuart Arbury and Eva Miller

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/23/2025 at 1:20 AM

Listing updated: 02/22/2025 at 10:14 AM

Listed by: Mark Gonzales, CompassCompass Phone #: (310) 230-5478

MLS: CRMLS #SR25032629

CRMLS logo

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