
Sherman Oaks, California 91423
This Mid-Century Modern Residence presents a High-Potential Investment Opportunity, listed at $2,799,000—positioned above the $2,474,629 Fair Market Value. While the property requires capital for modernization, its Fair Condition Rating is offset by iconic architectural features, including terrazzo floors, vaulted wood-beamed ceilings, and panoramic city and mountain views. With a spacious 3,326-square-foot layout, a private pool, and proximity to top-rated schools like Warner Avenue Elementary, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a customizable architectural trophy home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3511 Stonehill Place Subject | $2,799,000* List Price | 5 | 3 | 3,326 | $714 | - |
A 3724 Dixie Canyon Avenue Active | $1,989,000 List Price | 5 | 6 | 3,196 | $622 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this 60-year-old property is well-maintained but dated, fitting the 'Fair' criteria for homes requiring cosmetic updates. While the primary bath has been modernized with concrete finishes, the kitchen remains in its original mid-century state. The listing explicitly mentions the need for cosmetic updating, and despite 'pride of ownership,' the age of the core systems and character-grade finishes exceeds the 20-year threshold for a 'Good' rating.
Elementary School: Warner Avenue Elementary School (9/10).
This 1964 residence preserves authentic architectural integrity with terrazzo floors, vaulted wood-beamed ceilings, and expansive walls of glass that epitomize the classic California indoor-outdoor lifestyle.
Positioned on a quiet cul-de-sac just below Mulholland Drive, the property commands breathtaking panoramic vistas of the mountains and city lights from a prime Sherman Oaks hillside location.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Maintained by the same family for over 50 years, the home requires significant cosmetic modernization to update the vintage kitchen and finishes to meet current luxury market expectations.
Given the large square footage and nearly $2.8M price point, buyers must budget for substantial additional investment to renovate the property while maintaining its architectural character.
Great mid-century modern home with great bones and great views! The flow of this home is one of its best features, from one generously sized room to another, all on one level. The prior owners had a pride of ownership and raised a family here for about 50+ years. The home needs some cosmetic updating that we believe is relatively easy to handle. The family would love to pass on the home to another loving family. The retreat is located just below Mulholland Drive in a breezy micro-climate with breathtaking mountain and city views. The functionality and beauty of this home is designed for the type of easy living found in Vogue. Featuring 4 bedrooms plus a versatile bonus room, this home balances iconic architectural details with modern comfort. Authentic terrazzo floors welcome you into the vaulted-ceiling foyer, where clerestory windows and skylights fill the interiors with natural light. A dramatic indoor/outdoor limestone wall with a fireplace anchors the family and dining room, while wood-beamed ceilings and full-height walls of glass frame the dazzling vistas. The primary suite offers an adjacent working office, large walk-in closet and poured in place concrete, spa-like, bath. Three additional bedrooms and a flexible bonus room – ideal for a gym, office or playroom – provide space and privacy for every lifestyle. The kitchen retains its true Mid-Century character with solid wood cabinetry and connects to a second family room overlooking the views. An enviably large laundry room with lots of built-in cabinetry adds functionality and storage. Outside, enjoy the sparkling blue, glass-tile, pool, deck, and multiple lounging and dining areas that create the perfect setting for entertaining or quiet evenings under the twinkling city lights. Tucked near the end of a peaceful cul-de-sac, yet just moments from Ventura Boulevard, this rare Mid-Century Modern gem combines style, function and location. Properties like this rarely become available.
No exterior & parking available.
Grades K-5 • 2.2 mi
Grades K-5 • 2.7 mi
Grades K-5 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 71% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,326 | 2,469 | 67% |
| Lot Size | 10,359 | 7,559 | 84% |
| Price | $2.80M | $1.99M | 68% |
| Price per sq ft | $842 | $822 | 54% |
| Built year | 1964 | 1954 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 144 | 2% |
May 8, 2026
$2,799,000
Initial Listing