3545 Alana Drive, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 3 bed, 4 bath
ACTIVE$2,399,900
3545 Alana Drive, Sherman Oaks, California 91403
3Beds
4Baths
4,427Sqft
16,328Lot
Price Vs. Estimate
The estimated value ($2,399,900) is $0 (0%) lower than the list price ($2,399,900). This property may be overpriced.
Key pros and cons
Top Pros:
Desirable Location: Located in a highly desirable neighborhood of Sherman Oaks, offering a premium address and community appeal.
Top Cons:
Drastic Price Correction: The property's initial list price of $24,999,000 has been drastically reduced to $2,399,900. This extreme price adjustment (over 90% reduction) is highly unusual and could raise significant questions for potential buyers regarding its true market value or any underlying issues.
Compared to the nearby listings
Price:$2.40M vs avg $2.10M (+$294,900)63%
Size:4,427 sqft vs avg 2,699.5 sqft87%
Price/sqft:$542 vs avg $8107%
More Insights
Built in 1979 (46 years old).
Condition: Built in 1979, this property is well-maintained but shows significant signs of being outdated, particularly in the kitchen. The white built-in appliances and cabinet style are clearly from an older renovation (likely 20+ years ago), and the overall interior design retains a strong 1980s/90s aesthetic. While bathrooms appear functional and somewhat updated, they are not modern. The property is move-in ready but would require substantial cosmetic updates, especially a full kitchen renovation, to meet current buyer expectations for a home at this price point.
Year Built
1979
Close
-
List price
$2.4M
Original List price
$25M
Price/Sqft
$542
HOA
-
Days on market
-
Sold On
-
MLS number
GD25196666
Home ConditionFair
Features
Excellent View: Mountain(s), Panoramic
Pool
Patio
ViewMountain(s), Panoramic
About this home
Located In A Highly Desirable Neighborhood Of Sherman Oaks * 3 Bedrooms + Office / 4 Bathrooms * 4,427sqft Of Living Space * 16,323sqft Lot * Formal Living Room With A Gas Fireplace * High Ceilings & Lots Of Natural Light * Large Patio With Views Leading Off The Formal Living Room * Custom Built Bar * Formal Dining Room * Large Kitchen With A Center Island & Built-In Appliances * Walk-In Pantry * Breakfast Nook * Separate Family Room * Enclosed Laundry Area * Large Master Suite With A Huge Walk-In Closet * Bottom Level Is Currently A Large Office With A Conference Room That Can Turn Into A Game Room, More Bedrooms, Gym Or Anything You Desire * Outdoor Dining Area * Outdoor Sitting Area * Private Inground Pool With A Custom Cover * Area For A Hot Tub & Lounge Area * 2 Car Attached Garage
Condition Rating
Fair
Built in 1979, this property is well-maintained but shows significant signs of being outdated, particularly in the kitchen. The white built-in appliances and cabinet style are clearly from an older renovation (likely 20+ years ago), and the overall interior design retains a strong 1980s/90s aesthetic. While bathrooms appear functional and somewhat updated, they are not modern. The property is move-in ready but would require substantial cosmetic updates, especially a full kitchen renovation, to meet current buyer expectations for a home at this price point.
Pros & Cons
Pros
Desirable Location: Located in a highly desirable neighborhood of Sherman Oaks, offering a premium address and community appeal.
Expansive Living Space & Lot: Boasts a substantial 4,427 sqft of living space on a generous 16,323 sqft lot, providing ample room for comfort and outdoor activities.
Panoramic Views: Features stunning panoramic and mountain views, enhancing the property's aesthetic appeal and value, especially from the large patio.
Luxury & Entertainment Amenities: Includes a private inground pool with a custom cover, a custom-built bar, and dedicated outdoor dining/sitting areas, ideal for entertaining.
Flexible & Functional Layout: Offers high ceilings, abundant natural light, a large kitchen with a center island, separate formal living/dining rooms, a family room, and a versatile lower level adaptable for an office, game room, or additional bedrooms.
Cons
Drastic Price Correction: The property's initial list price of $24,999,000 has been drastically reduced to $2,399,900. This extreme price adjustment (over 90% reduction) is highly unusual and could raise significant questions for potential buyers regarding its true market value or any underlying issues.
Age of Property: Built in 1979, the home may require significant updates to major systems (HVAC, electrical, plumbing) and finishes to meet modern aesthetic preferences and energy efficiency standards, potentially incurring substantial renovation costs.
Bedroom Count for Size: Despite its expansive 4,427 sqft, the property is listed with only 3 dedicated bedrooms. While it offers a versatile office/conference room, some buyers seeking a home of this size might expect a higher number of traditional bedrooms.