5415 Newcastle Avenue, Encino, CA 91316

$14,750,000
32
BD
28
BA
71,765
SqFt

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List Agent Daniel Withers () 818-923-6107 Matthews Real Estate Investment Services; CoList () Courtesy of Selling Office: Non-Participant Office, Subscriber Non - Selling Agent DRE# and Courtesy of Listing Office Matthews Real Estate Investment Services, Daniel Withers - Agent DRE#

Sold Price
$14,750,000
List Price
$15,750,000
Closing Date
Feb 25, 2025
Status
CLOSED
MLS#
24445521
Year Built
1964
Bedrooms
32
Bathrooms
28
Living Sq. Ft
71,765
Lot Size
61,034
Days on Market
66
Property Type
Multifamily
Stories
Three Or More Levels

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.

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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.