4838 Coldwater Canyon Avenue, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 3 bed, 2 bath

4838 Coldwater Canyon Avenue, Sherman Oaks, California 91423 home-pic-0
ACTIVE$1,799,000
4838 Coldwater Canyon Avenue, Sherman Oaks, California 91423
3Beds
2Baths
1,959Sqft
6,600Lot

Price Vs. Estimate

The estimated value ($1,642,675.08) is $156,324.92 (8%) lower than the list price ($1,799,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential: The property includes a separate, permitted bungalow with a proven track record as a successful short-term rental, generating significant monthly income.
Top Cons:
Year Built: Built in 1951, the property may have older infrastructure or require updates to meet modern building codes in the future.

Compared to the nearby listings

Price:$1.80M vs avg $1.88M ($-78,500)45%
Size:1,959 sqft vs avg 2,476 sqft35%
Price/sqft:$918 vs avg $81572%

More Insights

Built in 1951 (74 years old).
Condition: The property, built in 1951, has been completely renovated, including the kitchen and bathrooms. The kitchen features high-end stainless steel appliances (Viking, Sub-Zero, Bosch), custom cabinetry, and quartzite countertops. The bathrooms have also been updated. The description mentions a new roof, A/C, dual-pane windows, and updated fixtures, suggesting a recent and comprehensive renovation. While the original build year is older, the extensive renovations bring the condition up to 'good', as it's move-in ready with no immediate renovation required.
Year Built
1951
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$918
HOA
-
Days on market
-
Sold On
-
MLS number
24467099
Home ConditionGood
Features
Good View: Trees/Woods
Patio
ViewTrees/Woods

About this home

**Great Investment! Property boasts a separate, stand alone bungalow with a proven track record of seven successful years as a short-term rental & earning an Airbnb "Most loved home- guest favorite badge", generating an average monthly income of $5,000, this additional dwelling is a cash cow.** Nestled behind iron fencing and 20 foot hedges, discover this private, well appointed three-bedroom, two-bathroom gem. This home seamlessly blends airy, open-concept living spaces with luxurious details, creating an atmosphere of sophisticated comfort. The heart of the home is the living room, a haven of warmth and elegance. A wood-burning fireplace, showcasing a stone mantle framed by soapstone, anchors the space. Built-in shelving and cabinetry offer ample storage, while large picture windows and a windowed door beckon you to the private backyard, canopied by mature trees, providing ample space for entertaining and room for a swimming pool. The gourmet cooks kitchen boasts a wood topped island with seating and storage. Top-of-the-line stainless steel appliances, including a six-burner Viking Professional range/thermal convection oven with pot filler faucet, Viking range hood, Viking drawer microwave, Sub-Zero over-and-under refrigerator/freezer with glass door, and Bosch dishwasher, promise culinary excellence. Custom Artisan, maple, soft-close cabinetry and exquisite Brazilian, leather-finish, Taj Mahal Quartzite countertops add a touch of refined luxury. A porcelain apron sink with bay window overlooks the large, private, grassy front yard, offering a tranquil view. Adjacent to the kitchen, a large butler's pantry and laundry room provide convenient storage and functionality, complete with a large-capacity washer and dryer, Quartz countertops, custom shelving and cabinetry, and a Housepure whole-house salt-free water conditioning system. Completely renovated from top to bottom, showcasing meticulous attention to detail including: new roof, A/C, recessed LED lighting, dual-pane windows, bathrooms, kitchen, fireplace, pantry/laundry room, fixtures & hardware, French, solid wide-plank, wood flooring throughout & Italian tiling. Additional features include, audio speakers, assumable leased solar panels with Tesla storage battery, security cameras, intercom system and automatic sprinkler system. The rear of the property, finds the 2 car garage and the completely separate, permitted, and registered stand-alone bungalow. Newly renovated, 400-square-foot studio bungalow with bath, loft, full kitchen, washer & dryer, private outdoor sitting area & it's own parking space, secured behind an automatic, iron gate. This unique property offers the perfect blend of a private retreat, and lucrative investment potential. Additional information and photo's available by direct request.

Condition Rating
Good

The property, built in 1951, has been completely renovated, including the kitchen and bathrooms. The kitchen features high-end stainless steel appliances (Viking, Sub-Zero, Bosch), custom cabinetry, and quartzite countertops. The bathrooms have also been updated. The description mentions a new roof, A/C, dual-pane windows, and updated fixtures, suggesting a recent and comprehensive renovation. While the original build year is older, the extensive renovations bring the condition up to 'good', as it's move-in ready with no immediate renovation required.
Pros & Cons

Pros

Income Potential: The property includes a separate, permitted bungalow with a proven track record as a successful short-term rental, generating significant monthly income.
Extensive Renovation: The main house has been completely renovated from top to bottom, featuring a new roof, A/C, updated kitchen and bathrooms, and high-end finishes.
Desirable Features: The property boasts a gourmet kitchen with Viking appliances, a private backyard with room for a pool, leased solar panels with Tesla storage, and security features.

Cons

Year Built: Built in 1951, the property may have older infrastructure or require updates to meet modern building codes in the future.
Lot Size: While the backyard has room for a pool, the overall lot size of 6,600 sqft is relatively modest for the area, potentially limiting expansion possibilities.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state