5415 Newcastle Ave Encino, CA 91316
Active
$15,750,000
10%
66 Units
32 Beds
28 Baths
71,765 Area(sq.ft.)
61,034 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 1,549 | $ 6,194 | $ 6,194 |
| Unit 2 | 56 | 2 | 1.50 | No | $ 1,804 | $ 101,012 | $ 101,012 |
| Unit 3 | 6 | 3 | 2 | No | $ 1,907 | $ 11,443 | $ 11,443 |
| 3 | 66 | 134 | 128 | $ 118,662 | $ 5,750,106 | $ 5,750,106 |
| MLS #: | 24-445521 |
| Days On Market: | 56 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 219 |
| Price per unit: | $ 238,636 |
| Year Built: | 1964 |
Property Details
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.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 1,405,912 |
| Total Annual Expense: | $ 617,234 |
| Net Operating Income: | $ 788,678 |
| Gross Annual Income: | $ 1,430,418 |
| Gross Rent Multiplier: | 10.87 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Three Or More |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Other |
| Total Parking: | 66 |
Interior
| AC/Cooling: | Other |
| Equipment: | Other |
| Heating: | Other |
Exterior
Detailed Map
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