5050 Coldwater Canyon Avenue 306, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 2 bed, 2 bath
5050 Coldwater Canyon Avenue 306
Sherman Oaks, California 91423
Property Price
SUMMARY
Analysis of 5050 Coldwater Canyon Avenue 306, Sherman Oaks, California 91423 is currently available with a list price of $599,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1966, the condo shows signs of regular upkeep and some updates, such as newer kitchen appliances, fresh paint, and seemingly new carpet. However, the kitchen features dated tile countertops and flooring, and the bathrooms, while clean, also have older-style vanities and tile work. It is move-in ready and functional, but many components show signs of being outdated, requiring minor updates to achieve a modern aesthetic.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Centrally located in desirable Sherman Oaks, offering convenient access to numerous restaurants and shops, enhancing lifestyle and potential appreciation.
- Spacious & Versatile Interior
The condo boasts a very spacious and bright layout, including an enormous living room with an alcove suitable for an office or exercise area, and large master and second bedrooms.
- Updated Kitchen & In-Unit Laundry
Features an open kitchen with newer appliances and custom track lighting, alongside the highly desirable convenience of in-unit laundry.
CONSRISKS & DEFICIENCIES
- Significant Price Reductions
The property has undergone substantial price reductions from its original list price of $690,000 to $599,000, which may indicate initial overpricing or market resistance.
- High Monthly Association Fee
A monthly association fee of $500 is a notable ongoing expense that could impact affordability and buyer interest.
- Building Age
Built in 1966, the building's age, despite unit updates, could imply potential for older common area systems, higher maintenance costs for the HOA, or lack of certain modern infrastructure features.
About 5050 Coldwater Canyon Avenue 306
Very spacious and bright condo with a contemporary feel. Centrally located in desirable Sherman Oaks and close to many restaurants and shops. Separate dining room, open kitchen with newer appliances and custom track lighting. An absolutely enormous living room that offers many options for furniture placement and an alcove for an office, exercise area etc. Large master suite and second bedroom. In unit laundry and a nice sized balcony. Located in a clean and tranquil complex offers sparkling pool, gym and sauna.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1966
- Lot Size
- 31,779 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $500.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,344 | 1,323 | 52% |
| Lot Size | 31,779 | 29,750 | 66% |
| Price | $599.0K | $613.0K | 38% |
| Price per sq ft | $446 | $480 | 14% |
| Built year | 1966 | 1972 | 38% |
| HOA | $500.0 | $591 | 28% |
| Days on market | 294 | 193 | 93% |
Pricing History
Listed for Sale
Dec 11, 2025
$599,000
$625,000
-4% Price Drop
Initial Listing
Price Change
Aug 8, 2025
$625,000
Initial Listing
Price Change
May 16, 2025
$690,000
Initial Listing