5130 Willis Avenue, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 2 bed, 2 bath
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5130 Willis Avenue
Sherman Oaks, California 91403
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,212Sq Ft
6,556Lot Size
Property Price
LIST PRICE$1,049,900
EST. MARKET VALUE
$1,079,393
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,049,900—positioned well below the $1,079,393 Fair Market Value by 2%. This valuation gap offers $29,493 in Instant Equity for buyers. Featuring a Fair Condition Rating and a 6,554 sq. ft. corner lot, the asset provides significant upside for renovation or ADU development. Located in the Los Angeles Unified district, this is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in Sherman Oaks.
Estimated Market Value
$1,079,393
Based on Realkey algorithm analyzing recent comparable sales in Sherman Oaks.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5130 Willis Avenue Subject | $1,049,900* List Price | 2 | 2 | 1,212 | $891 | - |
A 14813 Hartsook Sold | $1,033,500 | 2 | 2 | 1,056 | $979 | 0.0 mi |
B 14803 Hartsook Sold | $1,009,000 | 2 | 1 | 1,173 | $860 | 0.0 mi |
C 15144 Morrison Street Sold | $875,000 | 2 | 1 | 1,034 | $846 | 0.6 mi |
D 5136 Noble Ave Sold | $1,080,000 | 2 | 1 | 1,006 | $1,074 | 0.4 mi |
E 15235 La Maida Active | $1,199,000 List Price | 3 | 2 | 1,470 | $816 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1949 with no evidence of modern renovations. The kitchen features dated wood paneling and old appliances, while the exterior shows significant deferred maintenance, including peeling paint and a detached structure with a failing roof covered by a tarp. The listing explicitly targets investors for rehab or redevelopment.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in a highly sought-after Sherman Oaks neighborhood (91403), this property offers long-term value and strong demand in a premier Los Angeles market.
- Development Potential
The 6,554 sq. ft. lot and detached garage provide a versatile canvas for renovation, expansion, or the addition of an ADU to maximize return on investment.
- Corner Lot Advantage
The property's corner lot positioning offers enhanced privacy, increased curb appeal, and flexible access points for future construction or redevelopment.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
Marketed as an investor opportunity, the 1949 structure likely needs substantial updates or a full remodel to meet modern living standards and market expectations.
- Limited Existing Living Space
With only 2 bedrooms and 1,212 sq. ft., the current footprint is small for the price point, necessitating a square footage expansion to appeal to traditional family buyers.
About 5130 Willis Avenue
Introducing an exciting investor opportunity in a prime Sherman Oaks location! 5130 Willis Avenue, Sherman Oaks People search their entire lives for this type of Sherman Oaks opportunity—and here it is! Situated on a spacious 6,554 sq. ft. corner lot, this 2-bedroom, 2-bathroom home offers 1,212 sq. ft. of living space, along with a detached garage. The property offers tremendous potential for renovation, expansion, an ADU, or possible redevelopment. It’s ideal for investors, builders, rehabbers, or buyers looking to create their dream home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 6,556 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.5 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,212 | 2,301.595 |
| Lot Size | 6,556 | 7,836.892 |
| Price | $1.05M | $1.78M |
| Price per sq ft | $866 | $827 |
| Built year | 1949 | 1954 |
| HOA | $0 | $170 |
| Days on market | 13 | 58 |
Pricing History
Listed for Sale
Aug 27, 2026
$1,049,900
Initial Listing