ActiveCondominium

5325 Newcastle Avenue 342

Encino, CA, 91316

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$350,000

MLS: 25626763

Beds

2

Baths

1

Sq Ft

809

Lot

2.37 ac

Year Built

1971

MLS #

25626763

Days on Market

100

Listed

Jan 5, 2026

Description

Welcome to this beautifully maintained third-floor residence, offering comfort, style, and effortless living in a prime Encino location. Elevated above the street level, the home features thoughtfully designed interiors bathed in natural light, creating a warm and inviting atmosphere from the moment you enter.The open-concept living and dining areas provide a seamless flow ideal for both quiet evenings and lively entertaining and are accented by modern luxury vinyl plank flooring. The well-appointed kitchen offers ample cabinetry and workspace for any home chef. Both of the two generously sized bedrooms serve as peaceful retreats, complete with excellent storage and a tranquil ambiance.A clean, bright, and tastefully finished bathroom completes the floor plan. Throughout the home, you'll find a balanced blend of functionality and charm, making the space feel both cozy and refined. The community offers a classic Southern California lifestyle with manicured grounds and amenities that enhance day-to-day living. Conveniently located near top-tier shopping, dining, and major commuter routes, this home presents an exceptional opportunity to enjoy luxury and value in one of the Valley's most desirable neighborhoods.

Location

Encino, Los Angeles County, CA 91316

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Listed by: Vivian Simonian · Rodeo Realty

Payment estimate

$2,731

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $35,000 · Loan: $315,000

%
Principal & Interest
$1,935
Property tax (1.25%)
$365
Homeowners insurance
$300
Mortgage insurance
$131
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Encino home with as little as 3.5% down using an FHA loan — roughly $12,250 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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