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5348 Allott Avenue, Sherman Oaks, California 91401, Sherman Oaks, 91401 - 7 bed, 7 bath

5348 Allott Avenue, Sherman Oaks, California 91401 home-pic-0
ACTIVE$1,699,000
5348 Allott Avenue, Sherman Oaks, California 91401
7Beds
7Baths
2,562Sqft
7,153Lot
Year Built
1950
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$663
HOA
-
Days on market
-
Sold On
-
MLS number
SR25072126
Home ConditionGood
Features
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.70M(79th), sqft - 2562(79th), beds - 7(97th), baths - 7(97th).

Welcome to this stunning single-family residence located in Sherman Oaks. This home boasts 7 bedrooms and 7 bathrooms, offering ample space to entertain or just relax. With over 2900 square feet of living space which includes the ADU. The thoughtfully designed living space, this property is perfect for anyone seeking comfort and style. As you enter, you are greeted by an open concept with lots of natural light. The kitchen features newer appliances and ample cabinetry. The adjacent dining area flows seamlessly into the cozy living room. In addition to the main living space, this property includes a beautifully appointed ADU with an 360 square feet of living space, providing additional living space for guests or potential rental income. The outdoor area features a private backyard perfect for entertaining or enjoying peaceful moments.

Condition Rating
Good
Despite being built in 1950, the property appears to have undergone a significant and recent renovation. The images showcase a modern aesthetic throughout, with updated kitchens featuring newer stainless steel appliances and ample cabinetry, and multiple bathrooms with contemporary vanities, tiling, and fixtures. The open concept layout, recessed lighting, and consistent flooring (wood-look or tile) across various rooms suggest an extensive overhaul. The ADU is also described as 'beautifully appointed.' While the listing doesn't specify the exact renovation date, the style indicates it was likely within the last 5-15 years, making it move-in ready with no immediate renovation required, aligning with a 'Good' condition score.
Pros & Cons

Pros

Exceptional Room Count: With 7 bedrooms and 7 bathrooms, the property offers an unusually high capacity for accommodation, suitable for large families, multi-generational living, or those requiring extensive private spaces.
Income-Generating ADU: The inclusion of a beautifully appointed 360 sqft Accessory Dwelling Unit (ADU) provides valuable additional living space, ideal for guests, extended family, or a significant source of potential rental income.
Modern Open Concept Layout: The home features an open concept design with abundant natural light, creating a desirable, spacious, and inviting atmosphere that appeals to contemporary living preferences.
Updated Kitchen: The kitchen is equipped with newer appliances and ample cabinetry, suggesting a recently updated and functional space that serves as a central hub for the home.
Private Outdoor Space: A private backyard offers a dedicated area for entertaining or quiet relaxation, enhancing the property's lifestyle appeal and providing valuable outdoor living.

Cons

Significant Price-to-Value Discrepancy: The list price of $1.699M is substantially higher than the estimated property value of $1.166M, which could lead to challenges in appraisal and may deter potential buyers seeking market-aligned value.
Lack of Explicit Luxury Amenities: Unlike comparable properties in the area that often feature pools, spas, or extensive high-end remodels, the description does not highlight similar luxury amenities, potentially making it less competitive at its price point.
Potential for Dated Infrastructure/Design: Built in 1950, and with a high bedroom/bathroom count suggesting significant additions, there's a possibility of dated infrastructure, finishes, or a less cohesive design in areas beyond the mentioned updated kitchen, which could require further investment.

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