12951 Riverside Drive 4, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 2 bed, 3 bath
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Sherman Oaks, California 91423
This townhome presents a Strong Value Opportunity with a List Price of $565,000—positioned well below the $627,975 Fair Market Value by 10%. This valuation gap offers $62,975 in Instant Equity for buyers. Featuring a Fair Condition Rating, the property requires modernization, providing significant upside for forced appreciation. Located near Ventura Boulevard with access to a community pool and private patio, this asset is ideal for Fix-and-Flip Investors or Owner-Occupants seeking a value-add project in a prime Sherman Oaks location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12951 Riverside Drive 4 Subject | $565,000* List Price | 2 | 3 | 1,408 | $446 | - |
A 5055 Coldwater Canyon Avenue 217 Sold | $503,000 | 3 | 2 | 1,063 | $473 | 0.3 mi |
B 4259 Fulton Avenue 101 Sold | $675,000 | 2 | 2 | 1,296 | $521 | 0.8 mi |
C 4301 Fulton Avenue 205 Sold | $625,000 | 2 | 2 | 1,400 | $446 | 0.8 mi |
D 12955 Riverside Drive 307 Active | $589,000 List Price | 2 | 2 | 1,369 | $430 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975, the property is nearly 50 years old. While it features recent cosmetic improvements like fresh paint and new carpeting, the kitchen and bathrooms remain dated with older tile countertops and cabinetry. The listing's designation as a 'fix and flip' opportunity confirms it requires significant modernization to meet current market standards.
Elementary School: Warner Avenue Elementary School (9/10).
Ideally situated near Ventura Boulevard, Whole Foods, and Westfield Fashion Square, providing residents with exceptional access to top-tier dining, shopping, and entertainment.
Offering approximately 1,400 square feet in a quiet six-unit community, the floor plan provides a single-family home feel with dual primary suites and a private patio.
The $650 monthly association fee is relatively high for a small complex, which may affect the overall carrying costs and appeal for budget-conscious buyers.
The property includes tandem parking spaces rather than side-by-side, which can be a daily inconvenience for multi-car households and a drawback for certain buyers.
Nestled within a quiet six-unit community in the heart of Sherman Oaks offering approximately 1,400 square feet of comfortable living space, this spacious two-bedroom, two-and-a-half-bath town home combines the privacy and feel of a single-family home with the convenience of condominium living. The light-filled main level features an expansive living room with fireplace, a versatile dining area ideal for entertaining or a home office setup, and a bright kitchen with abundant cabinetry and an adjacent laundry area. Upstairs, the generous primary suite serves as a private retreat with a walk-in closet and additional storage, while the second bedroom offers ample space and its own full bath. Recent updates include fresh interior paint, new carpeting, plantation shutters, and a private patio perfect for outdoor relaxation. Additional amenities include two covered tandem parking spaces and access to a community pool. Ideally located near Ventura Boulevard, Whole Foods, Westfield Fashion Square, dining, shopping, entertainment, and convenient freeway access. HOA dues include Earthquake Insurance + general liability and Water. The building has been EQ retrofitted *Great opportunity for owner/users or investors (fix and flip)*
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 1.8 mi
Grades K-5 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,408 | 1,252 |
| Lot Size | 11,833 | 39,742 |
| Price | $565.0K | $651.1K |
| Price per sq ft | $401 | $487 |
| Built year | 1975 | 1971 |
| HOA | $650.0 | $525 |
| Days on market | 28 | 62 |
Jun 24, 2026
$565,000
Initial Listing