
Sherman Oaks, California 91401
This Mid-Century Architectural Asset presents a Strong Value Opportunity, listed at $1,599,000—positioned well below the $1,609,770 Fair Market Value by 0.67%. This valuation gap offers $10,770 in Instant Equity. Featuring a Condition Rating of 4, the home retains iconic William Mellenthin design elements, including diamond-pane windows and a sparkling swimming pool. While the interior requires modernization, the expansive lot provides significant upside. This property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a premier Sherman Oaks location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13155 Margate Street Subject | $1,599,000* List Price | 3 | 2 | 2,095 | $768 | - |
A 13424 Chandler Sold | $1,550,000 | 3 | 2 | 2,068 | $750 | 0.3 mi |
B 13250 Fulton Court Sold | $1,550,000 | 4 | 3 | 2,855 | $543 | 0.1 mi |
C 5544 Colbath Sold | $1,200,000 | 3 | 2 | 1,477 | $812 | 1.0 mi |
D 5539 Buffalo Avenue Sold | $1,120,000 | 3 | 3 | 1,616 | $693 | 0.7 mi |
E 5626 Matilija Sold | $1,175,000 | 4 | 2 | 1,704 | $690 | 0.8 mi |
F 5517 Woodman Ave. Active | $1,800,000 List Price | 4 | 3 | 2,176 | $827 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, this property is a well-preserved mid-century home but is significantly dated. The kitchen and bathrooms are described as 'functional' and 'vintage,' indicating they are likely 30+ years old without recent renovations. While the home is move-in ready, it requires cosmetic updates and likely modernization of systems to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8651, living area = 2095.
Designed by renowned builder William Mellenthin and featured in the series 'Parks and Recreation,' this home offers iconic mid-century charm with signature diamond-pane windows and soaring open-beam ceilings.
Situated in the exclusive North Hidden Woods neighborhood, the property enjoys a quiet, low-traffic setting within a coveted pocket of Sherman Oaks featuring only two entrances and eight cul-de-sacs.
The home retains many original 'vintage' elements, including the upstairs bathroom and kitchen, which will likely require significant modernization and capital investment to meet current luxury standards.
With only two bathrooms serving three bedrooms—including a shared vintage bath for the upstairs rooms—the layout may feel restrictive for families or buyers expecting modern primary suites.
William Mellenthin's "story-and-a-half" located in the coveted North Hidden Woods of Sherman Oaks and resting on a sprawling 8,650-square-foot lot offering the perfect balance of quality mid-century architecture and location. If the classic facade looks familiar, it is because this home was featured in the hit series Parks and Recreation. Beyond its Hollywood pedigree, this property defines the classic Mellenthin aesthetic. Positioned in a quiet, highly desirable pocket neighborhood featuring only two entrances and eight peaceful cul-de-sacs, the home boasts incredible curb appeal and charm you can't duplicate. As one of Mellenthin's most beautiful models designed for a wide lot, the ranch-style exterior features his signature diamond-pane windows and an impressive front elevation. Inside, the home opens to a spectacular great room filled with natural light from a floor-to-ceiling picture window. Soaring open-beam wood ceilings, warm wood paneling, a wooden staircase with original black wrought iron railing, and an impressive brick fireplace create a truly inviting living space. The spacious formal dining room sits adjacent to the great room, establishing an ideal layout for entertaining. The main level also includes a clean, functional kitchen with an eat-in breakfast area, a dedicated service porch with laundry, and a private guest suite with a three-quarter bath perfect for visitors or a quiet home office. Beyond the kitchen lies the ultimate den, featuring a second brick fireplace, wood paneling, a vintage bar, and large glass sliders that open directly to the impressive backyard. Upstairs, you will find two spacious bedrooms, one with lovely built-ins, and the primary bedroom with wood beam detail and diamond pane windows showcasing lovely greenery, both sharing a vintage tiled bath awaiting your personal touch. Framed by mature podocarpus and pine trees, the large backyard is designed for outdoor living, offering a covered patio for al fresco dining, a sparkling swimming pool, and ample lawn space. This is a rare opportunity to own a wonderful home in a premier Sherman Oaks location, move right in and fix over time, or remodel the entire space for your dream residence. Come check out 13155 Margate Street, you will be glad you did.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,095 | 2,301.595 |
| Lot Size | 8,651 | 7,836.892 |
| Price | $1.60M | $1.78M |
| Price per sq ft | $763 | $827 |
| Built year | 1955 | 1954 |
| HOA | $0 | $170 |
| Days on market | 13 | 58 |
Aug 27, 2026
$1,599,000
Initial Listing
May 24, 2005
$920,000
Public Record
Mar 7, 2001
$440,000
Public Record