12951 Riverside Drive 4, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 2 bed, 3 bath
Loading property details...
Sherman Oaks, California 91423
This Spacious Sherman Oaks Townhome is a Strong Value Opportunity, listed at $589,000—positioned well below the $653,344 Fair Market Value by 9%. This valuation gap provides $64,344 in Instant Equity for the incoming owner. While the property holds a Well-Maintained Condition Rating with fresh paint and new carpet, the original 1975 kitchen offers significant upside for forced appreciation. Residents enjoy a Valley View, community pool, and access to Top-Rated Schools including Warner Avenue Elementary (9/10). This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a high-equity entry into a prime neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12951 Riverside Drive 4 Subject | $589,000* List Price | 2 | 3 | 1,408 | $464 | - |
A 4455 Fulton Avenue 3 Sold | $725,000 | 2 | 3 | 1,544 | $470 | 0.6 mi |
B 5107 Coldwater Canyon Avenue 10 Sold | $668,000 | 2 | 3 | 1,296 | $515 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready due to recent cosmetic updates including fresh interior paint and brand-new carpeting. However, it retains its original 1975 kitchen with dated tile countertops and cabinetry. While the home features quality additions like plantation shutters, the primary functional areas (kitchen and bathrooms) show significant signs of being outdated and lack the modern renovations required for a higher rating.
Elementary School: Warner Avenue Elementary School (9/10).
Ideally situated in the heart of Sherman Oaks, the property offers exceptional walkability and proximity to Whole Foods, Westfield Fashion Square, and the vibrant dining and shopping scene along Ventura Boulevard.
With over 1,400 square feet of living space and a versatile floor plan, this residence provides the privacy and layout of a single-family home within an intimate 6-unit community.
The kitchen retains its original 1975 tile countertops and cabinetry, which may require a modern renovation to meet the expectations of contemporary buyers.
At $650 per month, the association dues are relatively high for a small complex, which may impact the overall affordability and monthly carrying costs for potential owners.
Welcome to this charming and spacious townhome located in the heart of Sherman Oaks. Set within a unique 6-unit community, this residence offers the look and feel of a single-family home. Ideally situated near Whole Foods Market, Westfield Fashion Square, top-rated schools, local freeways, and Ventura Boulevard. The light-filled main level features a generous living room that flows seamlessly into a versatile dining area, perfect for a family room, home office, or creative space to suit your lifestyle. The bright kitchen offers classic tile flooring, original tile countertops, and cabinetry, along with an adjacent side-by-side laundry area and convenient powder room. Upstairs, the spacious primary bedroom provides a relaxing retreat with both a walk-in closet and an additional closet. A well-sized secondary bedroom and full bathroom complete the second floor. Additional highlights include plantation shutters throughout, fresh interior paint, brand new carpet, patio, two covered parking spaces, and access to a community pool. This is a wonderful opportunity to own a beautifully maintained townhome in one of Sherman Oaks’ most desirable neighborhoods. Don’t miss this exceptional opportunity!
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,408 | 1,528 | 30% |
| Lot Size | - | 23,852 | 10% |
| Price | $589.0K | $737.5K | 10% |
| Price per sq ft | $418 | $497 | 30% |
| Built year | 1975 | 1978 | 50% |
| HOA | $650.0 | $613 | 50% |
| Days on market | 59 | 169 | 20% |
Feb 23, 2026
$589,000
Initial Listing