5044 Varna Avenue, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 5 bed, 3 bath
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Sherman Oaks, California 91423
This upgraded Sherman Oaks residence is a Prime Investment Opportunity listed at $1,999,999—positioned well below the $2,091,703 Fair Market Value by 4%. This valuation gap delivers $91,704 in Instant Equity. Boasting a Good Condition Rating, the home features essential infrastructure including paid solar panels, a new roof, and a 400-amp electrical panel. The backyard offers a private pool and spa, while access to top-rated schools like Warner Avenue Elementary (9/10) ensures long-term desirability. This is an elite find for Owner-Occupants or Value-Driven Families seeking a turnkey sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5044 Varna Avenue Subject | $1,999,999* List Price | 5 | 3 | 3,121 | $670 | - |
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 4616 Ventura Canyon Avenue Active Under Contract | $2,550,000 List Price | 4 | 4 | 3,085 | $827 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1950s home is in move-in ready condition with significant high-value upgrades including a new roof, copper plumbing, solar panels, and a 400-amp electrical panel. The interior features well-maintained hardwood flooring, modernized bathrooms with contemporary fixtures, and a spacious kitchen with stone countertops and stainless steel appliances. While the kitchen cabinetry reflects a slightly older style, the overall maintenance and major system updates align with the 'Good' criteria.
Elementary School: Warner Avenue Elementary School (9/10).
The property features high-value, essential improvements including paid solar panels, a new roof, copper plumbing, and an upgraded 400-amp electrical panel, ensuring long-term efficiency and reduced maintenance costs.
The private backyard is a standout feature, offering a sparkling pool, spa, and mature landscaping that create a quintessential California indoor-outdoor living experience.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
With a 3,121 square foot home and a pool on a 7,069 square foot lot, the remaining usable green space or yard area may feel limited for buyers prioritizing large lawn spaces.
While beautifully maintained and upgraded, the original 1950s footprint may result in smaller secondary bedrooms or a more traditional floor plan compared to modern open-concept new constructions.
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.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades K-5 • 1.5 mi
Grades K-5 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 78% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,121 | 2,311 | 70% |
| Lot Size | 7,069 | 7,473 | 37% |
| Price | $2.00M | $1.73M | 61% |
| Price per sq ft | $641 | $814 | 12% |
| Built year | 1950 | 1951 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 177 | 2% |
Apr 8, 2026
$1,999,999
Initial Listing
Jan 28, 1997
$360,000
Public Record