Newcastle Towers Apartments | 5415 Newcastle Ave
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Newcastle Towers Apartments 5415 Newcastle Ave
66 Unit Apartment Building $15,750,000 ($238,636/Unit) 5.01% Cap Rate Encino, CA 91316
Investment Highlights
- 66 units, Built in 1964
- 66 tuck under and carport parking
- Located near all the best parts of Encino and offering considerable upside potential.
- Unit Mix: (4) 1+1, (56) 2+1.5, & (6) 3+2
- Soft Story Seismic Retrofit has been completed.
- ±71,765 SF building on a ± 1.40 AC lot zoned LAR3
Property Facts
| Price | $15,750,000 | Apartment Style | Low Rise |
| Price Per Unit | $238,636 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.40 AC |
| Cap Rate | 5.01% | Building Size | 71,765 SF |
| Gross Rent Multiplier | 10.87 | No. Stories | 3 |
| No. Units | 66 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 0.92/1,000 SF |
| Property Subtype | Apartment |
| Price | $15,750,000 |
| Price Per Unit | $238,636 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Gross Rent Multiplier | 10.87 |
| No. Units | 66 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.40 AC |
| Building Size | 71,765 SF |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 0.92/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Range
- Carpet
Site Amenities
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 792 - 800 |
| 2+1.5 | 56 | - | 900 - 990 |
| 3+2 | 6 | - | 1,295 |
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PROPERTY TAXES
| Parcel Number | 2162-002-103 | Improvements Assessment | $4,169,507 |
| Land Assessment | $1,628,702 | Total Assessment | $5,798,209 |
PROPERTY TAXES
Parcel Number
2162-002-103
Land Assessment
$1,628,702
Improvements Assessment
$4,169,507
Total Assessment
$5,798,209
zoning
| Zoning Code | R3-1 |
| R3-1 |
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Newcastle Towers Apartments | 5415 Newcastle Ave
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