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$ 14,750,000
$ 15,750,000 6.3%
Est. payment | /mo
32 Beds
28 Baths
71,765 SqFt
$ 14,750,000
$ 15,750,000 6.3%
Est. payment | /mo
32 Beds
28 Baths
71,765 SqFt
Key Details
Sold Price $14,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 71,765 sqft
Price per Sqft $205
MLS Listing ID 24445521
Sold Date 02/25/25
Bedrooms 32
HOA Y/N No
Year Built 1964
Lot Size 1.401 Acres
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 Enc - Encino
Zoning LAR3
Interior
Fireplace No
Exterior
Total Parking Spaces 66
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 2162002103
Special Listing Condition Standard
Listed by Daniel Withers • Matthews Real Estate Investment Services
Bought with Subscriber Non • Non-Participant Office
Bought with Subscriber Non • Non-Participant Office
Joshua Tolar
Homeowner Advisor | Realtor | License ID: 02000924
+1(909) 525-2770 | josh@pivothomes.com