Investor Special – Fixer in Prime Encino Location | Probate Sale | No FHA Financing ****Probate**** Need Court Confirmation ****
Unlock the potential of this 2 bed, 2 bath condo ideally located just off the 101 Freeway and Ventura Blvd in desirable Encino. Sold As-Is, this contractor-ready unit is a rare opportunity for seasoned investors and flippers looking to reimagine a spacious layout into a true showcase property.
Featuring two large en-suite bedrooms, each comfortably accommodating king-size beds with plenty of space for wardrobes and dressers. The unit boasts abundant storage, including a walk-in closet, three hallway closets, and four linen cabinets—perfect for maximizing functionality in a modern redesign.
Enjoy natural light throughout the open living area with a flexible floor plan ideal for a variety of layout and design choices. Though community laundry is available, the closest facility is located directly across the hall, offering added convenience. One covered parking space is also included.
This is a fantastic value-add opportunity in a high-demand rental and resale area. Whether you're looking to hold or flip, this condo is your next smart move. Investors welcome.
For sale
Listing Provided by:
La Shan Owens DRE #01716869 951-237-8183,
Y Realty
$299,990
5429 Newcastle Ave APT 215, Encino, CA 91316
2beds
1,013sqft
Est.:
Condominium
Built in 1964
-- sqft lot
$308,400 Zestimate®
$296/sqft
$600/mo HOA
What's special
Spacious layoutFlexible floor planTwo large en-suite bedroomsAbundant storageWalk-in closet
- 5 days
- on Zillow |
- 894 |
- 24 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: June 28, 2025 at 10:12am
Listing Provided by:
La Shan Owens DRE #01716869 951-237-8183,
Y Realty
Source: CRMLS,MLS#: SR25142209
Originating MLS: California Regional MLS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Open house
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Bedroom, Center Hall, Family Room, Kitchen, Primary Bedroom, Other
Primary bedroom
- Features: Multiple Primary Suites
Bedroom
- Features: All Bedrooms Down
Bathroom
- Features: Tub Shower, Vanity, Walk-In Shower
Other
- Features: Walk-In Closet(s)
Heating
- None
Cooling
- None
Appliances
- Laundry: Common Area
Features
- Breakfast Bar, Balcony, All Bedrooms Down, Multiple Primary Suites, Walk-In Closet(s)
- Flooring: Carpet, Laminate
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total interior livable area: 1,013 sqft
Property
Parking
- Total spaces: 1
- Parking features: Assigned, One Space
- Garage spaces: 1
Accessibility
- Accessibility features: Adaptable For Elevator
Features
- Levels: One
- Stories: 1
- Entry location: front/2
- Patio & porch: None
- Pool features: Community, In Ground, Association
- Spa features: None
- Fencing: Wrought Iron
- Has view: Yes
- View description: None
Lot
- Size: 1.4 Acres
Details
- Parcel number: 2162002069
- Zoning: LAR3
- Special conditions: Third Party Approval,Probate Listing
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Foundation: None
Condition
- Fixer
- New construction: No
- Year built: 1964
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
Community
- Features: Curbs, Gutter(s), Street Lights, Sidewalks, Pool
- Security: Security Gate, Key Card Entry
HOA
- Has HOA: Yes
- Amenities included: Pool, Trash, Water
- Services included: Earthquake Insurance, Sewer
- HOA fee: $600 monthly
- HOA name: Sherbourne Towers
- HOA phone: 818-436-7570
Location
- Region: Encino
Financial & listing details
- Price per square foot: $296/sqft
- Tax assessed value: $270,039
- Annual tax amount: $3,297
- Date on market: 6/24/2025
- Listing terms: Cash,Conventional
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