5009 Woodman Avenue 202, Los Angeles, California 91423, Los Angeles, 91423 - 2 bed, 2 bath
Loading property details...
Los Angeles, California 91423
This Condominium represents a Strong Value Opportunity, listed at $525,000—positioned well below the $528,686 Fair Market Value by 0.7%. This valuation gap offers $3,686 in Instant Equity. With a Fair Condition Rating, the unit features an open floor plan, in-unit laundry, and private balcony, though it invites cosmetic updates. Located in the Fashion Square neighborhood near top-rated schools like Warner Avenue Elementary, this property is ideal for Buy-and-Hold Investors or first-time buyers seeking a prime Sherman Oaks location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5009 Woodman Avenue 202 Subject | $525,000* List Price | 2 | 2 | 1,190 | $444 | - |
A 12940 Riverside Drive 101 Sold | $458,888 | 2 | 2 | 1,090 | $421 | 1.0 mi |
B 4915 Tyrone Avenue 136 Sold | $616,000 | 2 | 2 | 1,252 | $492 | 0.8 mi |
C 14050 Magnolia Boulevard Active | $649,000 List Price | 2 | 2 | 1,306 | $497 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1978 and last updated in 2007. With the renovation now 17 years old, it falls within the 15-30 year reno bracket for 'Fair' condition. While the unit features desirable layouts like dual sinks and in-unit laundry, the kitchen and baths are likely dated and will require minor cosmetic updates to meet modern standards.
Elementary School: Warner Avenue Elementary School (9/10).
Situated in the desirable Fashion Square neighborhood, this property offers exceptional proximity to Westfield Fashion Square, Dixie Canyon Park, and the premier dining and entertainment corridor of Ventura Boulevard.
The 1,190 sq. ft. unit features a highly desirable open floor plan that includes essential modern conveniences such as in-unit laundry, a private balcony, and a master suite with dual sinks and a walk-in closet.
The unit is noted as having no specific views, which may be a drawback for buyers seeking the panoramic city or mountain vistas often available in the Sherman Oaks area.
Originally constructed in 1978, the building's core infrastructure and common elements may require more frequent maintenance or lack the energy efficiency of newer residential developments.
Addison Place, built in 1978 and updated in 2007, is located in the Fashion Square neighborhood of Sherman Oaks. You are close to Dixie Canyon Park, shopping at Westfield Fashion Square and restaurants and entertainment on Ventura Blvd. Addison Place offers 48 units on 3 floors with two-bedroom layouts ranging from just under 1,000 square feet up to over 1,300 square feet. They feature open floor plans, formal dining room, kitchens with breakfast bar, in-unit laundry and private balconies. The master suites include walk-in closets and master bath with dual sinks. Amenities include controlled access, a pool, clubhouse, BBQ area and secure parking.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades K-5 • 1.5 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,190 | 1,243 |
| Lot Size | 41,886 | 24,016 |
| Price | $525.0K | $805.6K |
| Price per sq ft | $441 | $659 |
| Built year | 1978 | 1981 |
| HOA | $350.0 | $684 |
| Days on market | 2 | 71 |
Jul 21, 2026
$525,000
Initial Listing
Dec 9, 2016
$475,000
Public Record
Jul 25, 2011
$300,000
Public Record