15470 Longbow, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 4 bed, 5 bath

15470 Longbow, Sherman Oaks, California 91403 home-pic-0
ACTIVE$2,435,000
15470 Longbow, Sherman Oaks, California 91403
4Beds
5Baths
4,098Sqft
8,725Lot

Price Vs. Estimate

The estimated value ($1,430,873.405) is $1,004,126.595 (41%) lower than the list price ($2,435,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Panoramic Views: Perched high on an idyllic hill in a sought-after neighborhood, offering diverse views including City Lights, Hills, Mountains, Neighborhood, and Valley. The property backs up to Mulholland Drive and is a stone's throw from Bel Air, providing excellent accessibility to I-405 freeways.
Top Cons:
Significantly Overpriced: The current listing price of $2.435M is 41% higher than the estimated property value of $1.43M, suggesting a substantial overvaluation in the current market.

Compared to the nearby listings

Price:$2.44M vs avg $2.10M (+$330,000)67%
Size:4,098 sqft vs avg 2,699.5 sqft84%
Price/sqft:$594 vs avg $81012%

More Insights

Built in 1959 (66 years old).
Condition: The property features a fully remodeled kitchen with stainless steel appliances, quartz countertops, and modern cabinetry, along with a fully remodeled spa-like primary bathroom and three additional remodeled bathrooms, all appearing to be recently updated to a high standard. While the home was built in 1959, these significant renovations bring key areas up to modern quality. However, some areas like certain bedrooms still have worn carpets and older flooring, and the property lacks a central cooling system, which is a major functional deficiency for a home in Southern California. These factors prevent an 'Excellent' rating, but the extensive recent updates to the most critical areas (kitchen and bathrooms) elevate it beyond 'Fair'.
Year Built
1959
Close
-
List price
$2.44M
Original List price
$2.95M
Price/Sqft
$594
HOA
-
Days on market
-
Sold On
-
MLS number
SR25043595
Home ConditionGood
Features
Good View: City Lights, Hills, Mountain(s), Neighborhood, Valley
Deck
ViewCity Lights,Hills,Mountain(s),Neighborhood,Valley

About this home

Perched high on an idyllic hill in one of LA”s most sought after neighborhoods. This Charmer offers an extraordinary opportunity to redesign to your heart’s desires at approximately 4,100 sq.ft. of living space. Natural Light floods into the Living room with a convenient Wet-bar for seamless entertainment and relaxation. The wide open space includes a Den with a built-in fireplace for cozy nights. A Fully remodeled kitchen boasting stainless steel appliances, quartz countertops, and thoughtfully designed cabinetry. As you retreat upstairs to your primary ensuite, there are high ceilings and natural light filling up this space. You’ll then be greeted with a double French door for privacy, and a fully remodeled spa-like bathroom with a soaking tub. Primary ensuite also offers a cozy den, a private built-in fireplace, and a private balcony. Views galore, as you take it all in on 1 of 2 balconies. Enjoy balcony 1 with your morning coffee or evening viewing of City lights. Balcony 2 provides a serene space after a long day at work. This home boasts an additional 3 bedrooms and remodeled 3 bathrooms. Exceptional flex room downstairs, perfect for 3-level living. The flex room can be turned into a workout room, a screening room, a home theatre, or a home office. The skies the limit when reimagining the space in front of you. Step outside into the tranquil backyard as you imagine what your dream backyard could look like, or leave it beautifully manicured just the way the previous owner meticulously maintained. This home provides high living while offering wonderful amenities. Backs up to the famed Mulholland Drive, close to I-405 freeways. It is a stone's throw from the world-renowned Bel Air neighborhood. Located within the desirable Roscomare Elementary School district, and minutes away from the prestigious Mulholland Corridor private schools, including Curtis, Milken, and Stephen S. Wise, with easy access to JTD, Buckley, Harvard-Westlake, Marymount, and more. Priced to sell. This is a Trust sale. Property also available for lease at $8,950.

Condition Rating
Good

The property features a fully remodeled kitchen with stainless steel appliances, quartz countertops, and modern cabinetry, along with a fully remodeled spa-like primary bathroom and three additional remodeled bathrooms, all appearing to be recently updated to a high standard. While the home was built in 1959, these significant renovations bring key areas up to modern quality. However, some areas like certain bedrooms still have worn carpets and older flooring, and the property lacks a central cooling system, which is a major functional deficiency for a home in Southern California. These factors prevent an 'Excellent' rating, but the extensive recent updates to the most critical areas (kitchen and bathrooms) elevate it beyond 'Fair'.
Pros & Cons

Pros

Prime Location & Panoramic Views: Perched high on an idyllic hill in a sought-after neighborhood, offering diverse views including City Lights, Hills, Mountains, Neighborhood, and Valley. The property backs up to Mulholland Drive and is a stone's throw from Bel Air, providing excellent accessibility to I-405 freeways.
Extensive Remodeling & Modern Finishes: Features a fully remodeled kitchen with stainless steel appliances, quartz countertops, and thoughtful cabinetry. The primary ensuite bathroom is spa-like with a soaking tub, and three additional bathrooms have also been remodeled.
Spacious & Versatile Living Areas: Approximately 4,100 sq.ft. of living space, including a wide-open living room, a den with a fireplace, and an exceptional flex room downstairs suitable for a workout room, screening room, home theatre, or office, offering significant customization potential.
Abundant Natural Light & Entertainment Features: Natural light floods the living room and primary suite, which also boasts high ceilings. The home includes a convenient wet-bar, multiple built-in fireplaces, and two private balconies, enhancing entertainment and relaxation opportunities.
Access to Top School Districts: Located within the desirable Roscomare Elementary School district and minutes away from prestigious Mulholland Corridor private schools, making it attractive for families.

Cons

Significantly Overpriced: The current listing price of $2.435M is 41% higher than the estimated property value of $1.43M, suggesting a substantial overvaluation in the current market.
Trust Sale Condition: Being a 'Trust sale' typically implies the property is sold 'as-is' with limited seller disclosures, potentially placing a higher burden on the buyer for due diligence and unforeseen repairs or upgrades.
Absence of Central Cooling System: The property description highlights fireplaces and natural light but makes no mention of an air conditioning or central cooling system, which could be a significant comfort and value concern in Southern California's climate, especially for a 1959-built home.

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