5415 NEWCASTLE AVENUE

5415 Newcastle Avenue, Encino, CA 91316
$15,750,000

Cap Rate
5.01%
GRM
11.56
Price Per SF
$219
Price Per Unit
$238,636
Units
66
Year Built
1964
Leasable Area
71,765 SF
Property Type
Apartments

INVESTMENT HIGHLIGHTS

  • 66 units, Built in 1964
  • Unit Mix: (4) 1+1, (56) 2+1.5, & (6) 3+2
  • 66 tuck under and carport parking
  • Soft Story Seismic Retrofit has been completed.
  • Located near all the best parts of Encino and offering considerable upside potential.
  • ±71,765 SF building on a ± 1.40 AC lot zoned LAR3

Broker of Record

  • David Harrington
  • License No. 02168060 (CA)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 2321 Rosecrans Ave.,
    Suite 1225, El Segundo, CA 90245
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