5415 Newcastle Avenue

Encino, CA 91316

$15,750,000
Price
32
Beds
28
Baths
71,765 Sq. Ft.
$219 / Sq. Ft.
71,765
Sq. Ft.
$219
per Sq. Ft.

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,...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.
  1. Listed by Daniel Withers • DRE #01325901 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services
  2. Listed by Jeffrey Louks • DRE #00908473 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 5415 Newcastle Avenue

Zoning
LAR3
Parcel Number
2162002103
Total Units
66.0
Living Area
71765
Source Living Area
Other
Area
Encino (ENC)
Vacancy Rate
-3%
Lot Size Area
61034
LISTING UPDATED: 11/21/2024 12:11 PM

Property Details for 5415 Newcastle Avenue

StatusActive
MLS #24-445521
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size1.40 AC / 61,034 SF
CountyLos Angeles County

Building Information for 5415 Newcastle Avenue

Stories3Residences-Year Built1964Building Size-Lot Size1.40 AC / 61,034 SF

Property Information for 5415 Newcastle Avenue

Community / Development
Community / Development
  • Number Of Units: 66
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $1,405,912
  • Net Operating Income: $788,678.00
  • Gross Income: $1,430,418
  • Gross Rent Multiplier: $10.87
  • Total Annual Expense: 617234
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 1.4011
  • Lot Size Square Feet: 61034
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 66
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 09-26-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,549.00
  • Unit Actual Rent: $6,194.00
  • Unit Projected Rent: $6,194.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,804.00
  • Unit Actual Rent: $101,012.00
  • Unit Projected Rent: $101,012.00
  • Like Units: 56
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,907.00
  • Unit Actual Rent: $11,443.00
  • Unit Projected Rent: $11,443.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $4,087,752.00
  • Assessed Improvement Percent: 71.91
  • Assessed Land Value: $1,596,767.00
  • Assessed Land Percent: 28.09
  • Assessed Total Value: $5,684,519.00

Property History for 5415 Newcastle Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5415 Newcastle Avenue

Taxable ValueLand$1,628,702Additions$4,226,490Total$5,855,192
Tax Record2024$79,077 ($6,590 / month)
Home Facts
Total Finished SqFt71,765 SqFtAbove Grade Finished SqFt71,765 SqFtLot Size61,015 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR3CountyLOS ANGELESAPN2162-002-103

Schools near 5415 Newcastle Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 6 to 8
Charter - 9 to 12
Public - K to 5
Rating
School
Distance
Nestle Avenue Charter School
CharterK to 5

Gaspar De Portola Middle School
Charter6 to 8

Reseda Senior High School
Charter9 to 12

The Academy for Enriched Sciences
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5415 Newcastle Avenue is a multi-family home for sale in Encino, CA 91316. This property was listed for sale on September 26, 2024 by Matthews Real Estate Investment Services, it's currently listed at $15,750,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Nestle Avenue Charter School, Gaspar De Portola Middle School and Reseda Senior High School. 5415 Newcastle Avenue is a 32-bed, 28-bath, 71,765 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901; Marcus & Millichap, Jeffrey Louks, DRE #00908473

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.