5050 Coldwater Canyon Avenue 306, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 2 bed, 2 bath
ACTIVE$599,000
5050 Coldwater Canyon Avenue 306, Sherman Oaks, California 91423
2Beds
2Baths
1,344Sqft
31,779Lot
Year Built
1966
Close
-
List price
$599K
Original List price
$690K
Price/Sqft
$446
HOA
$500
Days on market
-
Sold On
-
MLS number
SR25109714
Home ConditionFair
Features
Deck
Pool
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $599.0K(32th), sqft - 1344(59th), beds - 2(50th), baths - 2(50th).
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.
Price History
Date
Event
Price
12/11/25
Price Change
$599,000-4.2%
08/08/25
Price Change
$625,000
05/16/25
Listing
$690,000
Condition Rating
Fair
Built in 1966, this condo is clean and well-maintained, making it move-in ready. The kitchen features newer stainless steel appliances and track lighting, but the white tile countertops and small square floor tiles are significantly dated. Bathrooms also show their age with older vanities, light fixtures, and the unusual presence of carpet in the vanity area. While functional, the property requires substantial cosmetic updates to modernize the kitchen, bathrooms, and overall flooring (predominantly carpet) to meet current aesthetic standards.
Pros & Cons
Pros
Prime Location: Centrally located in desirable Sherman Oaks, offering convenient access to a variety of restaurants and shops.
Spacious & Flexible Interior: The condo boasts a very spacious and bright layout, featuring an enormous living room with an adaptable alcove perfect for an office or exercise area, and a separate dining room.
Modern Kitchen & In-Unit Laundry: Equipped with an open kitchen featuring newer appliances and custom track lighting, alongside the highly desirable convenience of in-unit laundry.
Desirable Complex Amenities: The tranquil complex offers attractive amenities including a sparkling pool, gym, and sauna, enhancing the lifestyle for residents.
Significant Price Reduction: The property has undergone a substantial price reduction from its original listing, presenting a compelling value proposition for potential buyers.
Cons
Building Age: Built in 1966, the building's age may imply older infrastructure or common areas that could require future maintenance or assessments not explicitly detailed.
High Monthly Association Fee: A $500 monthly association fee represents a significant recurring expense that buyers must factor into their long-term budget.
Potential Lack of Central AC: The property description does not mention a cooling system, which for a 1966 build, often indicates the absence of central air conditioning, a potential drawback in warmer climates.