12940 Riverside Drive 102, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 2 bed, 2 bath
ACTIVE$585,000
12940 Riverside Drive 102, Sherman Oaks, California 91423
2Beds
2Baths
1,129Sqft
12,476Lot
Year Built
1977
Close
-
List price
$585K
Original List price
$585K
Price/Sqft
$518
HOA
$451.95
Days on market
-
Sold On
-
MLS number
25605273
Home ConditionPoor
Features
Deck
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $585.0K(30th), sqft - 1129(27th), beds - 2(50th), baths - 2(50th).
Incredible Sherman Oaks Condo Fixer Opportunity! Spacious 2 bed, 2 bath unit in a secure building with amazing potential. Features include an open floor plan, gas fireplace, private balcony, and galley-style kitchen. The primary suite offers a large walk-in closet. Includes tandem parking for 2 vehicles. Community amenities: laundry room, game room, and additional storage. Unbeatable location walking distance to Whole Foods, shops, restaurants, and easy access to the 101 & 405 freeways. Perfect for investors or buyers looking to renovate and add value. Don't miss this chance to own in a prime Sherman Oaks location!
Nearby schools
6/10
John B. Monlux Elementary School
Public,•K-5•1.6mi
6/10
Erwin Elementary School
Public,•K-5•1.9mi
9/10
Kester Avenue Elementary School
Public,•K-5•2.5mi
9/10
Roscomare Road Elementary School
Public,•K-5•3.8mi
8/10
Lanai Road Elementary School
Public,•K-5•4.4mi
9/10
Warner Avenue Elementary School
Public,•K-5•6.1mi
6/10
Walter Reed Middle School
Public,•6-8•1.7mi
2/10
Van Nuys Middle School
Public,•6-8•2.2mi
5/10
James Madison Middle School
Public,•6-8•2.8mi
5/10
William Mulholland Middle School
Public,•6-8•5.6mi
3/10
William Mulholland Middle School
Public,•6-8•5.8mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•1.4mi
8/10
North Hollywood Senior High School
Public,•9-12•1.7mi
6/10
Van Nuys Senior High School
Public,•9-12•3.2mi
6/10
University Senior High School
Public,•9-12•8.1mi
6/10
University Senior High School Charter
Public,•9-12•8.2mi
Price History
Date
Event
Price
10/15/25
Listing
$585,000
Condition Rating
Poor
Built in 1977, this property is explicitly marketed as a 'Fixer Opportunity' requiring 'extensive renovation' and 'substantial investment.' The kitchen, as seen in the images, is a dated galley-style with basic white cabinets, old countertops, and older tile flooring, indicating a need for a complete overhaul. While no bathroom images are provided, the overall 'fixer' status suggests they are similarly outdated. This aligns with the 'poor' condition criteria of requiring substantial repairs and rehabilitation to meet modern living standards.
Pros & Cons
Pros
Prime Sherman Oaks Location: The property boasts an unbeatable location, walking distance to Whole Foods, various shops, and restaurants, with easy access to the 101 and 405 freeways, offering high convenience and desirability.
Significant Value-Add Potential: Marketed as a 'Fixer Opportunity,' this unit is ideal for investors or buyers looking to renovate and customize, providing substantial potential for equity growth and personalized design.
Spacious Layout & Features: The 1129 sqft unit offers a spacious 2-bed, 2-bath layout with an open floor plan, a gas fireplace, a private balcony, and a large walk-in closet in the primary suite, enhancing living comfort.
Secure Building & Community Amenities: Located in a secure building, residents benefit from community amenities including a laundry room, game room, and additional storage, adding convenience and lifestyle benefits.
Dedicated Tandem Parking: The inclusion of tandem parking for two vehicles is a significant advantage in a dense urban area, providing secure and convenient parking solutions.
Cons
Requires Extensive Renovation: Explicitly described as a 'Fixer Opportunity,' the property is not move-in ready and will require substantial investment in renovations and upgrades to modernize and maximize its value.
Dated Galley-Style Kitchen: The 'galley-style kitchen' may be considered less desirable and functional compared to contemporary open-concept designs, potentially necessitating a full remodel to meet modern buyer expectations.
High Monthly Association Fee: A monthly association fee of $451.95 is relatively high, adding a significant recurring cost to ownership that could impact affordability and long-term financial planning for potential buyers.