13232 Otsego Street, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 2 bed, 2 bath
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Sherman Oaks, California 91423
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,239,000—positioned well below the $1,269,828 Fair Market Value by 2%. This valuation gap offers $30,828 in Instant Equity. Featuring a Good Condition Rating, the home includes a Granite Kitchen, solar panels, and ADU-ready garage plans. Located in the coveted Hidden Woods enclave near top-rated schools, this property balances lifestyle appeal with financial upside. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13232 Otsego Street Subject | $1,185,000* List Price | 2 | 2 | 1,400 | $846 | - |
A 13025 Hartsook Street Sold | $1,300,000 | 2 | 2 | 1,427 | $911 | 0.3 mi |
B 13036 Magnolia Sold | $1,200,000 | 3 | 2 | 1,879 | $639 | 0.3 mi |
C 13607 Huston Street Sold | $1,200,000 | 3 | 2 | 1,668 | $719 | 0.5 mi |
D 13854 Valleyheart Drive Sold | $1,520,000 | 3 | 2 | 1,713 | $887 | 1.0 mi |
E 4800 4800 Mary Ellen Sold | $1,460,000 | 3 | 2 | 1,955 | $747 | 0.4 mi |
F 4920 Nagle Avenue Sold | $1,502,500 | 3 | 2 | 1,956 | $768 | 0.2 mi |
G 13032 Hesby Pending | $1,399,000 List Price | 3 | 2 | 1,464 | $956 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1949, the property features significant updates including a remodeled primary bath with custom tile and an updated kitchen with granite counters. The addition of a photovoltaic solar system and the overall move-in ready condition of the wood floors and interior finishes suggest a renovation within the 5-15 year range, meeting the 'Good' criteria.
Elementary School: Warner Avenue Elementary School (9/10).
Situated in the highly desirable Hidden Woods enclave of Sherman Oaks, the property offers a quiet, tree-lined setting moments from premium amenities like Erewhon and Ventura Boulevard dining.
The garage is ADU-ready and includes architectural plans in the purchase, providing a significant opportunity for the buyer to add square footage, rental income, or multi-generational living space.
With only two bedrooms, the property may face challenges attracting larger families or buyers requiring a dedicated home office without sacrificing a guest room.
The property has undergone two price reductions within the first 15 days on the market, which may signal to buyers that the initial valuation was aggressive for the home's size and configuration.
Welcome to this updated 1949 ranch home in the coveted Hidden Woods enclave of Sherman Oaks. Light-filled living spaces feature floor-to-ceiling windows, rich wood floors, and a classic fireplace that anchors the open layout and gives the home its signature warmth. The updated kitchen includes granite counters and a comfortable breakfast bar. The primary suite offers a remodeled bath with custom tile. A separate family room with a second fireplace and sliding doors open to a private patio with a built-in BBQ and outdoor fireplace, creating effortless indoor outdoor flow. A generous front yard, wide grassy side yard, and spacious backyard provide rare breathing room and multiple outdoor areas for relaxing, entertaining, or future personalization. Set on a quiet, tree-lined street, this move in ready home blends timeless character with thoughtful updates that include a photovoltaic, (solar panels), system that is included with the home . Moments from Erewhon, Ventura Boulevard dining, top-rated schools, parks, and easy freeway access, it sits in one of Sherman Oaks' most beloved and rarely available neighborhoods. Ideally located in the coveted Erwin Elementary School District (Rated 9 out 10 on GreatSchools.org!). A warm, well-located retreat with charm, comfort, and room to grow. Please Note: The garage is ADU ready but not built out. Architectural plans for the ADU are included in the purchase. Note: Some photos have been AI inhaced.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades K-5 • 1.4 mi
Grades K-5 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,400 | 2,347 |
| Lot Size | 5,998 | 8,485 |
| Price | $1.19M | $1.81M |
| Price per sq ft | $846 | $827 |
| Built year | 1949 | 1956 |
| HOA | $0 | $0 |
| Days on market | 84 | 58 |
Jun 21, 2026
$1,185,000
$1,239,000
-4% Price Drop
Initial Listing
May 14, 2026
$1,239,000
$1,279,000
-3% Price Drop
Initial Listing
May 8, 2026
$1,279,000
$1,299,000
-2% Price Drop
Initial Listing
Apr 29, 2026
$1,299,000
Initial Listing
Jun 9, 2016
$795,000
Public Record
Jun 13, 2013
$738,000
Public Record
May 21, 2004
$589,000
Public Record
Jan 30, 2004
$470,000
Public Record