
Los Angeles, California 91423
This top-floor condominium represents a Strong Value Opportunity, listed at $419,000—positioned well below the $422,830 Fair Market Value by 0.9%. This valuation gap offers $3,830 in Instant Equity. Featuring a Condition Rating of 4, the unit offers significant potential for cosmetic upgrades to modernize its dated interiors. With a prime Sherman Oaks location, treetop views, and a private balcony, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add residence in a high-demand area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12940 Riverside Drive 201 Subject | $419,000* List Price | 2 | 2 | 1,096 | $387 | - |
A 12940 Riverside Drive 101 Sold | $458,888 | 2 | 2 | 1,090 | $421 | 0.0 mi |
B 5009 Woodman Avenue 202 Active | $525,000 List Price | 2 | 2 | 1,190 | $441 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, the property is nearly 50 years old and shows significant dating. The kitchen and bathrooms feature older cabinetry, laminate-style counters, and aged appliances that exceed the 20-year threshold for modern standards. While functional and featuring minor cosmetic touches like open shelving and paint, the unit requires comprehensive updates to the kitchen, baths, and likely flooring to move beyond its current dated condition.
Elementary School: Warner Avenue Elementary School (9/10).
The property is ideally situated in a highly sought-after neighborhood, offering immediate proximity to premium amenities like Whole Foods, Sportsmen's Lodge, and the dining and shopping hub of Ventura Boulevard.
As a top-floor corner unit, this residence provides enhanced privacy, superior natural light, and scenic treetop views, which are rare and highly valued features in multi-unit developments.
The unit is currently tenant-occupied at $1,732 per month, which is significantly below current market rates for Sherman Oaks, potentially limiting immediate cash flow for investors or delaying move-in for owner-occupants.
The reliance on a community laundry room rather than in-unit hookups may be a drawback for modern buyers seeking maximum convenience and privacy.
Top-floor corner condominium in the heart of Sherman Oaks, where 2-bedroom units on this level have rarely become available. This approx 1,100 square foot 2 bedroom + 2 bath residence features an open floor plan and treetop views throughout. A spacious living room, anchored by a gas fireplace, offers great daylight, plenty of furnishing space, and a private balcony. The generous kitchen provides ample storage, and a large breakfast nook Completing the floor plan is the large primary bedroom with an en-suite bath, a second bedroom with an adjacent hall bath. Other features include central heat and air, assigned parking, community laundry room and a rec room with gym equipment. The property is tenant-occupied at $1,732/month. HOA dues are $565.20/month and include water, gas, trash, and landscaping. Moments to Sportsmen's Lodge, Whole Foods, Fashion Square Mall, Ventura Blvd, and easy freeway access.
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 |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,096 | 1,219.385 |
| Lot Size | 12,476 | 27,236.074 |
| Price | $419.0K | $800.2K |
| Price per sq ft | $382 | $650 |
| Built year | 1977 | 1979 |
| HOA | $565.2 | $685 |
| Days on market | 42 | 72 |
Jul 29, 2026
$419,000
Initial Listing