
Los Angeles, California 91423
Analysis of 12940 Riverside Drive 106, Los Angeles, California 91423 is currently available with a list price of $385,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1977, this property is nearly 50 years old and shows dated interior finishes. The bathroom features older oak-style cabinetry and basic fixtures consistent with a 20+ year old renovation or original state. While functional and currently tenant-occupied, the unit requires cosmetic updates to the kitchen and bath to meet modern standards.
Elementary School: Warner Avenue Elementary School (9/10).
Situated in a highly desirable neighborhood, this property offers excellent proximity to premium shopping, dining, and major transportation routes, ensuring strong long-term value retention.
The property is delivered with tenants in place, providing immediate rental income and making it an ideal 'hands-off' opportunity for investors looking to enter the Sherman Oaks market.
Because the unit is sold with existing tenants, it is not suitable for buyers looking for immediate owner-occupancy, which may limit the pool of potential purchasers.
The reliance on a shared on-site laundry room rather than private in-unit hookups may be considered a convenience drawback in comparison to newer condominium developments.
Welcome to this well-located 1 bedroom, 1 bathroom first-floor condominium in the heart of Sherman Oaks, offering comfort, convenience, and excellent investment potential. Situated within a gated-access community, the property features a secure and inviting environment with mature landscaping and a central courtyard setting. The unit opens to a spacious living and dining area with wood-style flooring, abundant natural light, and a cozy fireplace that adds warmth and character. Large sliding glass doors and windows enhance the airy feel while providing easy access to the outdoor surroundings. The adjacent kitchen offers ample cabinet storage, functional counter space, and a practical layout ideal for everyday living. The bedroom is generously sized with good closet space and natural light, while the bathroom includes a full tub and shower combination with a wide vanity. The unit maintains a comfortable and efficient floor plan, perfect for both owner-users and investors. Community amenities include under-building parking, an on-site laundry room, and controlled gated access for added security. Conveniently located near shopping, dining, and major transportation routes, this property presents a strong opportunity in a highly desirable Sherman Oaks location. Property will be delivered with the current tenants in place; tenant to remain the responsibility of the buyer.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 1.9 mi
Grades K-5 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 23% |
| Baths | 1.0 | 2.0 | 15% |
| Square foot | 722 | 1,331.5 | 8% |
| Lot Size | 12,472 | 17,456 | 27% |
| Price | $385.0K | $682.0K | 4% |
| Price per sq ft | $533 | $515 | 81% |
| Built year | 1977 | 1979 | 46% |
| HOA | $464.92 | $618 | 8% |
| Days on market | 30 | 164 | 4% |
May 7, 2026
$385,000
Initial Listing