5044 Varna Avenue, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 5 bed, 3 bath
5044 Varna Avenue
Sherman Oaks, California 91423
Property Price
SUMMARY
Analysis of 5044 Varna Avenue, Sherman Oaks, California 91423 reveals a Fairly Priced Property with a current list price of $2,100,000 aligned with the estimated $2,100,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Sherman Oaks Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5044 Varna Avenue Subject | $2,100,000* List Price | 5 | 3 | 3,121 | $673 | - |
A 4947 Varna Avenue Sold | $1,775,000 | 4 | 3 | 2,818 | $630 | 0.1 mi |
B 5056 Greenbush Avenue Sold | $1,715,000 | 4 | 3 | 2,660 | $645 | 0.1 mi |
C 4951 Nagle Avenue Sold | $2,450,000 | 4 | 5 | 3,127 | $783 | 0.1 mi |
D 5109 Longridge Avenue Active | $2,400,000 List Price | 5 | 5 | 3,400 | $706 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition with significant infrastructure upgrades, including a new roof, paid solar panels, copper plumbing, and a 400-amp electrical panel. The kitchen is well-appointed with updated stainless steel appliances, quartz countertops, and shaker-style cabinetry. Bathrooms have been modernized with contemporary fixtures and vanities. While the home dates to 1950, the extensive maintenance and renovations performed over the years ensure all major systems are functional and aesthetically current, though it lacks the 'brand new' status required for an excellent rating.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Warner Avenue Elementary School (9/10).
- Significant Infrastructure Upgrades
The property features high-value mechanical improvements including paid solar panels, a new roof, copper plumbing, and a rare 400-amp electrical panel, offering long-term cost savings and modern reliability.
- Private Backyard Oasis
The outdoor space is a standout feature, boasting a sparkling pool and spa, mature landscaping, and multiple entertaining areas that epitomize the California indoor-outdoor lifestyle.
CONSRISKS & DEFICIENCIES
- Lot-to-House Ratio
The 3,121 square foot structure occupies a significant portion of the 7,069 square foot lot, which may limit additional yard space for those seeking expansive lawn areas.
- Mid-Century Layout Constraints
Despite upgrades, the 1950s original footprint may retain some traditional compartmentalized living spaces that lack the fully open-concept flow often desired by modern luxury buyers.
- Market Price Sensitivity
At a $2.1M price point, the property faces stiff competition from newer builds or larger estates in the immediate Sherman Oaks area, requiring a buyer who specifically values the extensive mechanical upgrades.
About 5044 Varna Avenue
Easy to show. On SUPRA. Text or email for CBS code. Welcome to this beautifully maintained 5-bedroom, 3-bathroom home offering comfort, space, and style in one of Sherman Oaks' most desirable neighborhoods. The ground floor features light-filled living and dining areas, hardwood floors, and a well-appointed kitchen with updated appliances and abundant storage. The expansive primary suite provides a relaxing retreat with a generous en-suite bath. Four additional bedrooms offer flexibility for family, guests, and a home office. Step outside to your private backyard oasis complete with a sparkling pool and spa, mature landscaping, and multiple areas for entertaining and outdoor dining. Pride of ownership is evident throughout this warm and inviting home. The home has been lovingly upgraded through the years and includes paid solar panels and new roof, cooper plumbing, separate water supply lines outside of the house, and upgraded electrical to a 400-amp panel. Conveniently located near top-rated schools, parks, and the best dining and shopping along Ventura Boulevard. This is the perfect opportunity to enjoy the best of Sherman Oaks living - comfort, convenience, and classic California charm.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 7,069 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sherman Oaks Unified Schools
Erwin Elementary School
Grades K-5 • 1.4 mi
John B. Monlux Elementary School
Grades K-5 • 1.5 mi
Kester Avenue Elementary School
Grades K-5 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 74% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,121 | 2,291.5 | 70% |
| Lot Size | 7,069 | 7,419.5 | 35% |
| Price | $2.10M | $1.79M | 60% |
| Price per sq ft | $673 | $813 | 26% |
| Built year | 1950 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 133 | 158 | 29% |
Pricing History
Listed for Sale
Oct 24, 2025
$2,100,000
Initial Listing