5055 Coldwater Canyon Avenue 217, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 3 bed, 2 bath
5055 Coldwater Canyon Avenue 217
Sherman Oaks, California 91423
Property Price
SUMMARY
Analysis of 5055 Coldwater Canyon Avenue 217, Sherman Oaks, California 91423 is currently available with a list price of $549,000. 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 1973, this condo is functional and maintained but shows significant signs of age. The kitchen features older white appliances and cabinetry, while the bathrooms retain dated fixtures and tiling. The presence of popcorn ceilings, older wall-mounted cooling units, and basic flooring indicates that while the property is livable, it has not undergone a comprehensive modern renovation and requires cosmetic updates to meet current market trends.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Warner Avenue Elementary School (9/10).
- Prime Central Location
Situated in the heart of Sherman Oaks, the property offers exceptional proximity to the 101 Freeway, premier shopping like Whole Foods and Ralphs, and the vibrant dining and entertainment corridor of Ventura Boulevard.
- Comprehensive HOA Benefits
The HOA fee provides excellent value by including water, trash, and essential earthquake insurance, while granting access to desirable amenities such as a pool, gym, and guest parking.
CONSRISKS & DEFICIENCIES
- Probate Sale Complexity
As a probate sale that may require court approval, buyers should anticipate a potentially longer and more rigid closing process compared to a standard residential transaction.
- Communal Laundry Facilities
The lack of in-unit laundry hookups requires residents to use a shared onsite laundry room, which may be a convenience drawback for a larger three-bedroom household.
About 5055 Coldwater Canyon Avenue 217
Quiet courtyard facing 3 bedroom + 2 bath Condo in the heart of Sherman Oaks. Conveniently located in close proximity to 101 Freeway, Whole Foods, Ralph, Equinox, restaurants, Universal Studios, Warner Bros Studios, and other entertainments on Ventura Blvd. The Condo located in a secured access building with intercom and cameras throughout the property.Very light and bright with pool view from the balcony. private storage closet in the garage. All bedrooms are generous size with walk-in closet. HOA fees include water, trash and earthquake insurance. Beautiful pool, gym, onsite laundry room with app operated washers and dryers and guest parking. Probate sale, court approval may be required.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1973
- Lot Size
- 42,725 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $585.0 / Month
Neighborhood Insights
Sherman Oaks Unified Schools
John B. Monlux Elementary School
Grades K-5 • 1.3 mi
Erwin Elementary School
Grades K-5 • 1.5 mi
Kester Avenue Elementary School
Grades K-5 • 2.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 79% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,063 | 1,323 | 24% |
| Lot Size | 42,725 | 29,750 | 72% |
| Price | $549.0K | $613.0K | 24% |
| Price per sq ft | $516 | $487 | 66% |
| Built year | 1973 | 1973 | 50% |
| HOA | $585.0 | $591 | 45% |
| Days on market | 92 | 190 | 7% |
Pricing History
Listed for Sale
Jan 10, 2026
$549,000
$559,000
-2% Price Drop
Initial Listing
Price Change
Dec 4, 2025
$559,000
Initial Listing
Sold
Jun 23, 2000
$135,000
Public Record