5009 Woodman Avenue 202, Los Angeles, California 91423, Los Angeles, 91423 - 2 bed, 2 bath
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5009 Woodman Avenue 202
Los Angeles, California 91423
ACTIVE UNDER CONTRACT
CONDITION: GOOD
2Beds
2Baths
1,190Sq Ft
41,886Lot Size
Property Price
LIST PRICE$525,000
EST. MARKET VALUE
$554,005
5% BelowMARKET VALUE
SUMMARY
This Spacious Condominium is a Strong Value Opportunity, listed at $525,000—positioned well below the $533,059 Fair Market Value by 1%. This valuation gap offers $8,059 in Instant Equity. The property is in Good Condition, featuring a 2007 update, in-unit laundry, and a private balcony. Located in the desirable Fashion Square neighborhood near top-rated schools, it balances lifestyle convenience with financial stability. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a well-maintained, amenity-rich residence.
Estimated Market Value
$554,005+$29,005 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 5009 Woodman Avenue 202 Subject | $525,000* List Price | 2 | 2 | 1,190 | $466 | - |
A 12940 Riverside Drive 101 Sold | $458,888 | 2 | 2 | 1,090 | $421 | 1.0 mi |
B 4536 Colbath Avenue 101 Sold | $670,000 | 2 | 2 | 1,203 | $557 | 0.6 mi |
C 5009 Woodman Avenue 113 Sold | $650,000 | 3 | 2 | 1,252 | $519 | 0.0 mi |
D 13331 Moorpark St #119 Sold | $640,000 | 2 | 2 | 1,319 | $485 | 0.9 mi |
E 5055 Coldwater Canyon Avenue 219 Sold | $610,000 | 3 | 2 | 1,244 | $490 | 1.0 mi |
F 12951 Riverside Drive 4 Sold | $560,000 | 2 | 3 | 1,408 | $398 | 1.0 mi |
G 12940 Riverside Drive 201 Active | $419,000 List Price | 2 | 2 | 1,096 | $382 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1978, the property was updated in 2007 (17 years ago), placing it within the 'Good' range. The kitchen and bathrooms appear well-maintained with modern shaker cabinets, stainless steel appliances, and stone countertops. The unit features move-in ready finishes including recessed lighting and laminate flooring.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Warner Avenue Elementary School (9/10).
- Prime Sherman Oaks Location
Situated in the desirable Fashion Square neighborhood, this property offers exceptional walkability and proximity to Westfield Fashion Square, Dixie Canyon Park, and the vibrant dining and entertainment scene on Ventura Boulevard.
- Functional & Spacious Layout
The 1,190 square foot floor plan is well-designed for modern living, featuring an open concept, a formal dining room, in-unit laundry, and a master suite equipped with a walk-in closet and dual-sink vanity.
CONSRISKS & DEFICIENCIES
- Extended Tenant Occupancy
The property is currently tenant-occupied with a lease running until February 2027, which may deter owner-occupant buyers requiring immediate possession or those unwilling to negotiate a buyout.
- Lack of Scenic Views
The unit is noted as having no view, which could be a disadvantage for buyers prioritizing natural vistas or city lights compared to other elevated units in the Sherman Oaks area.
About 5009 Woodman Avenue 202
Beautifully updated 2-bedroom, 2-bathroom condo offering 1,190 square feet of comfortable living space, plus a versatile office/den with a closet. The home features laminate flooring throughout, a modern kitchen and bathrooms, and a spacious primary suite with an ensuite bathroom featuring dual sinks. Located in a quiet, well-maintained building with reasonable HOA dues, residents enjoy access to a clubhouse, pool, outdoor BBQ area, and fire pit. Additional highlights include secure tandem parking and a bright, open layout. A great opportunity to own a move-in-ready home in a desirable community. 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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1978
- Lot Size
- 41,886 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $350.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Erwin Elementary School
Grades K-5 • 1.5 mi
6/10
Kester Avenue Elementary School
Grades K-5 • 1.5 mi
9/10
John B. Monlux Elementary School
Grades K-5 • 1.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,190 | 1,219.385 |
| Lot Size | 41,886 | 27,236.074 |
| Price | $525.0K | $800.2K |
| Price per sq ft | $441 | $650 |
| Built year | 1978 | 1979 |
| HOA | $350.0 | $685 |
| Days on market | 51 | 72 |
Pricing History
Listed for Sale
Jul 21, 2026
$525,000
Initial Listing
Sold
Dec 9, 2016
$475,000
Public Record
Sold
Jul 25, 2011
$300,000
Public Record