4487 Colbath Avenue 310, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 1 bed, 1 bath
ACTIVE UNDER CONTRACT$429,000
4487 Colbath Avenue 310, Sherman Oaks, California 91423
1Bed
1Bath
941Sqft
37,153Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Top Cons:
Significant Price Discrepancy: The property sold for $508,000 in May 2024 and is now listed at $429,000, a substantial price reduction that warrants investigation into the reasons behind this rapid change in value.
Compared to the nearby listings
Price:$429.0K vs avg $640.0K ($-211,000)3%
Size:941 sqft vs avg 1,323 sqft14%
Price/sqft:$456 vs avg $48732%
More Insights
Built in 1962 (63 years old).
Condition: Despite the building's 1962 construction, the unit has undergone extensive and recent renovations, as explicitly stated in the description and confirmed by the images. The kitchen features modern white cabinetry, quartz countertops, stainless steel appliances, and eco-friendly cork flooring, all appearing new or virtually new. The bathroom is also described as 'newly renovated' with contemporary finishes and a new stackable W/D. Other significant upgrades include new HVAC and refinished parquet floors throughout the living areas and bedroom. These comprehensive updates bring the unit's condition to current quality standards, aligning with the 'extensively renovated within 5 years' criteria for an excellent rating.
Year Built
1962
Close
-
List price
$429K
Original List price
$429K
Price/Sqft
$456
HOA
$539.3
Days on market
-
Sold On
-
MLS number
25625699
Home ConditionExcellent
Features
Good View: None
Deck
View-
About this home
This modern, move-in-ready 1BR/1BA condo in the heart of Sherman Oaks blends chic Upper West Side character with mid-century minimalism. Wall-to-wall bookshelves are the cosmopolitan anchor for an open living area, enriched by refinished parquet floors and a private balcony view of the Sherman Oaks hills. Double French doors lead to a recently remodeled kitchen complete with quartz countertops, eco-friendly cork flooring, stainless-steel appliances, and an adjoining dining area/flex space ideal for a home office or lounge.The spacious bedroom mirrors the unit's generous scale, offering a quiet top-floor retreat just moments from neighborhood hot spots like Casita, Taisho, BLVD Steak, Whole Foods, Ralphs, and CorePower Yoga. Thoughtful upgrades throughout include new HVAC, a newly renovated bath with Electrolux stackable W/D, designer ceiling fans, and contemporary finishes. Located in an HOA community with a classic kidney-shaped pool, the unit also includes a dedicated parking space with storage. Style, soul, and comfort meet seamlessly in this elegant Sherman Oaks flat.
Nearby schools
9/10
Kester Avenue Elementary School
Public,•K-5•1.6mi
6/10
Erwin Elementary School
Public,•K-5•2.2mi
6/10
John B. Monlux Elementary School
Public,•K-5•2.5mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.7mi
8/10
Lanai Road Elementary School
Public,•K-5•3.2mi
9/10
Warner Avenue Elementary School
Public,•K-5•5.7mi
2/10
Van Nuys Middle School
Public,•6-8•1.4mi
6/10
Walter Reed Middle School
Public,•6-8•2.9mi
5/10
James Madison Middle School
Public,•6-8•3.3mi
5/10
William Mulholland Middle School
Public,•6-8•4.6mi
3/10
William Mulholland Middle School
Public,•6-8•4.9mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•2.1mi
6/10
Van Nuys Senior High School
Public,•9-12•2.7mi
8/10
North Hollywood Senior High School
Public,•9-12•3.0mi
6/10
University Senior High School
Public,•9-12•7.5mi
6/10
University Senior High School Charter
Public,•9-12•7.5mi
Price History
Date
Event
Price
05/16/97
Sold
$65,000
05/21/24
Sold
$508,000
08/06/13
Sold
$307,500
Condition Rating
Excellent
Despite the building's 1962 construction, the unit has undergone extensive and recent renovations, as explicitly stated in the description and confirmed by the images. The kitchen features modern white cabinetry, quartz countertops, stainless steel appliances, and eco-friendly cork flooring, all appearing new or virtually new. The bathroom is also described as 'newly renovated' with contemporary finishes and a new stackable W/D. Other significant upgrades include new HVAC and refinished parquet floors throughout the living areas and bedroom. These comprehensive updates bring the unit's condition to current quality standards, aligning with the 'extensively renovated within 5 years' criteria for an excellent rating.
Pros & Cons
Pros
Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Extensive Modern Renovation: The unit is move-in ready with a recently remodeled kitchen (quartz countertops, stainless-steel appliances, eco-friendly cork flooring), new HVAC, a renovated bath with in-unit stackable W/D, and contemporary finishes throughout.
Prime Location & Walkability: Situated in the heart of Sherman Oaks, offering excellent walkability to popular dining spots, shopping (Whole Foods, Ralphs), and fitness centers (CorePower Yoga).
Unique Design & Character: Features a distinctive aesthetic blending 'chic Upper West Side character with mid-century minimalism,' highlighted by wall-to-wall bookshelves and refinished parquet floors.
Private Outdoor Space & View: Includes a private balcony offering scenic views of the Sherman Oaks hills, providing a desirable outdoor retreat.
Top Floor & Community Amenities: Located on the top floor for added privacy and quiet, with a dedicated parking space, additional storage, and access to a classic kidney-shaped community pool.
Cons
Significant Price Discrepancy: The property sold for $508,000 in May 2024 and is now listed at $429,000, a substantial price reduction that warrants investigation into the reasons behind this rapid change in value.
High Monthly HOA Dues: The association fee of $539.30 per month is considerable for a 1-bedroom unit, potentially impacting affordability and long-term ownership costs.
Building Age & Potential for Future Assessments: Built in 1962, the building is over 60 years old. While the unit is updated, the age of the overall structure and common systems could lead to unexpected maintenance or special assessments from the HOA in the future.