4480 Colbath Avenue, Los Angeles, California 91423, Los Angeles, 91423 - 2 bed, 2 bath
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4480 Colbath Avenue
Los Angeles, California 91423
ACTIVE UNDER CONTRACT
CONDITION: POOR
2Beds
2Baths
1,131Sq Ft
6,611Lot Size
Property Price
LIST PRICE$1,150,000
EST. MARKET VALUE
$1,173,098
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,300,000—positioned well above the $1,228,625 Fair Market Value by -5%. While the property requires a full renovation, the 6,611 SF flat lot and 1938 architectural character provide a solid foundation for value-add expansion. Located in a prime Sherman Oaks neighborhood with access to Kester Avenue Elementary, this Condition Rating 5 asset is ideal for Fix-and-Flip Investors or Contractors seeking to unlock significant equity through strategic modernization and footprint optimization.
Estimated Market Value
$1,173,098
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4480 Colbath Avenue Subject 2 bd · 2 ba · 1,131 sqft · $1,037 | $1,150,000* List Price | 2 | 2 | 1,131 | $1,037 | - |
A 5018 Sunnyslope Avenue Sold 2 bd · 2 ba · 1,154 sqft · $1,040 · 0.9 mi | $1,200,000 | 2 | 2 | 1,154 | $1,040 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1938 and marketed as an 'investor's dream' requiring a 'tool kit,' this property shows significant signs of age and neglect. While a new electrical box was installed in 2025, the weathered exterior, cracked driveway, and description focusing on 'potential' and 'renovation' indicate the home needs a full rehab of its original systems, kitchen, and baths.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Warner Avenue Elementary School (9/10).
- Prime Development Potential
The property features a flat, rectangular 6,611 SF lot in a highly sought-after Sherman Oaks neighborhood, offering significant opportunities for expansion, a pool, or a complete custom rebuild.
- Architectural Character
Built in 1938, the home retains charming original details including beamed ceilings, stone and wood accents, and a spacious sun porch that provide a unique aesthetic foundation for a high-end renovation.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
The property is positioned as a fixer-upper requiring substantial capital investment and imagination to address aging components and modernize the 1938 structure to current market standards.
- Limited Existing Living Space
With only 1,131 square feet of living area, the current footprint is relatively small for the $1.3M price point, which may deter buyers who are not prepared for a major expansion project.
About 4480 Colbath Avenue
INVESTOR'S DREAM WITH ENDLESS POTENTIAL IN PRIME SHERMAN OAKS! Situated on a quiet street in a desirable Sherman Oaks location, this two bedroom, two bath home offers an exceptional opportunity to create something truly special. Set on a 6,611 SF flat, rectangular lot, the property provides a foundation for renovation, expansion, or simply adding your own personal style. The existing 1,131 SF home features a living room with a gas fireplace, stone and wood accents, and beamed ceilings that add warmth and character. Just off the living room, a spacious sun porch provides the perfect setting for entertaining, relaxing, or enjoying a quiet moment with a good book. The private, fenced backyard offers plenty of room to enjoy the outdoors and includes a storage shed and room to add a pool. A mature front yard tree provides a sense of privacy. The property also features an attached two car garage. A new electrical box was installed in 2025. With its desirable Sherman Oaks location, generous lot, existing character, and tremendous potential, this property is ready for your vision. Whether you're an investor seeking an opportunity to add value or a buyer looking to create a home tailored to your own style, the possibilities are endless. Bring your tool kit and imagination to unlock the potential of this special Sherman Oaks property. Close to Ventura Blvd restaurants, shops, Ralph's, and convenient access to the 101 freeway. SHOWN BY APPOINTMENT ONLY.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 6,611 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Kester Avenue Elementary School
Grades K-5 • 1.6 mi
9/10
Erwin Elementary School
Grades K-5 • 2.2 mi
6/10
John B. Monlux Elementary School
Grades K-5 • 2.5 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,131 | 1,670.836 |
| Lot Size | 6,611 | 6,152.156 |
| Price | $1.15M | $1.34M |
| Price per sq ft | $1.0K | $807 |
| Built year | 1938 | 1941 |
| HOA | $0 | $238 |
| Days on market | 38 | 56 |
Pricing History
Listed for Sale
Oct 5, 2026
$1,150,000
$1,300,000
-12% Price Drop
Initial Listing
Price Change
Oct 2, 2026
$1,300,000
Initial Listing