5018 Sunnyslope Avenue, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 2 bed, 2 bath
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Sherman Oaks, California 91423
This Sherman Oaks Development Asset is listed at $1,299,000, positioned near its $1,243,439 Fair Market Value, reflecting the stability of this premier residential pocket. Marketed as a total fixer with a Condition Rating of 5, the primary value lies in the 7,208 Square Foot Lot and detached garage with significant ADU Potential. The property features a rear patio and offers a blank canvas for a luxury ground-up build south of Magnolia Blvd. Proximity to Warner Avenue Elementary (9/10) ensures high resale demand for Developers and Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5018 Sunnyslope Avenue Subject | $1,299,000* List Price | 2 | 2 | 1,154 | $1,025 | - |
A 13621 Addison Street Sold | $1,200,000 | 3 | 2 | 1,461 | $821 | 0.2 mi |
B 5116 Sunnyslope Avenue Sold | $1,078,000 | 2 | 1 | 1,008 | $1,069 | 0.1 mi |
C 13025 Hartsook Street Pending | $1,299,000 List Price | 2 | 2 | 1,427 | $910 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1941 (83 years old) and explicitly marketed as a 'fixer' for developers and investors, this property requires a total rehab. The listing emphasizes the potential to build a new home from the ground up, indicating that the existing kitchen, baths, and systems are likely at the end of their functional life.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7208, living area = 1154.
Elementary School: Warner Avenue Elementary School (9/10).
Situated south of Magnolia Blvd in a highly coveted neighborhood, this property offers exceptional access to Ventura Boulevard's dining, Westfield Fashion Square, and top-rated local schools.
Marketed as a fixer-upper, the property will require substantial additional capital investment to address deferred maintenance or to modernize the 1941 structure.
With only 1,154 square feet of living area and a 2-bedroom layout, the current residence is undersized for the area's price point and will likely necessitate an expansion to maximize value.
Calling all developers, investors, or end-users! Discover the potential of this single-story fixer in coveted Sherman Oaks, situated south of Magnolia Blvd. This 2BD/2BA residence sits on 7,208 square foot lot and offers a spacious backyard with a detached garage, presenting excellent ADU potential. Whether you envision building a new home from the ground up or renovating the current structure, the possibilities are endless. Enjoy convenient access to top-rated schools, shopping at Westfield Fashion Square, and notable dining along Ventura Boulevard. This is an outstanding opportunity to craft something special in one of L.A.'s most desirable neighborhoods.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades K-5 • 1.6 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 10% |
| Baths | 2.0 | 3.0 | 34% |
| Square foot | 1,154 | 2,448 | 3% |
| Lot Size | 7,208 | 7,537 | 39% |
| Price | $1.30M | $1.92M | 12% |
| Price per sq ft | $1.1K | $821 | 92% |
| Built year | 1941 | 1954 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 145 | 5% |
Apr 28, 2026
$1,299,000
Initial Listing
Feb 26, 1999
$245,000
Public Record