5420 Sylmar Avenue 105, Sherman Oaks, California 91401, Sherman Oaks, 91401 - 2 bed, 2 bath
Loading property details...
Sherman Oaks, California 91401
This Spacious Sherman Oaks Condo is a Strong Value Opportunity, listed at $499,000—matching its $499,000 Fair Market Value. While the property holds a Condition Rating of 4, the 1,172 sqft layout features elevated ceilings, a gas fireplace, and a large private balcony overlooking eucalyptus trees. Located in the Los Angeles Unified district with resort-style amenities like a pool and fitness center, this unit provides a stable entry point into a prime neighborhood. It is perfectly suited for Owner-Occupants or first-time buyers seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5420 Sylmar Avenue 105 Subject | $499,000* List Price | 2 | 2 | 1,172 | $426 | - |
A 14347 Albers Street 201 Sold | $547,000 | 2 | 2 | 1,180 | $464 | 0.1 mi |
B 14347 Albers Street 206 Sold | $585,000 | 2 | 2 | 1,216 | $481 | 0.1 mi |
C 14242 Burbank Boulevard 103 Sold | $625,000 | 2 | 2 | 1,380 | $453 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and clean but remains largely in its original 1989 condition. The kitchen and bathrooms feature dated tile countertops, older cabinetry, and white appliances rather than modern stainless steel. While the unit offers great features like high ceilings and plantation shutters, the overall aesthetic and fixtures are outdated and have not undergone a major renovation in over 20 years.
The 1,172 sqft unit features a desirable split-bedroom floor plan for enhanced privacy, complemented by elevated ceilings, a wet bar, and one of the largest private balconies in the complex.
Ideally situated in the heart of Sherman Oaks, the property offers excellent walkability to supermarkets and dining, with quick access to both the 101 and 405 freeways.
The community provides high-value amenities including a pool, spa, fitness center, and gated tandem parking, with the added benefit of earthquake insurance included in the HOA dues.
At $747 per month, the association dues are relatively high, which may impact the overall monthly affordability and debt-to-income ratios for prospective buyers.
The invitation to 'make it your own' combined with a history of significant price reductions suggests the interior may require cosmetic updates or renovations to meet modern aesthetic standards.
This very spacious 2-bedroom, 2-bathroom condo in the heart of Sherman Oaks is ready for you to make it your own. The home features a large kitchen with a breakfast bar, dishwasher, and new energy-efficient windows, along with central heat and air and an in-unit laundry. Adjacent to the kitchen is a dedicated dining area, perfect for everyday meals or hosting friends and family. The entire unit offers elevated ceilings and plantation shutters throughout. The primary bedroom includes a large walk-in closet, while the second bedroom is located on the opposite end of the home, providing added privacy. The living room features a gas fireplace and a wet bar, creating a comfortable and inviting space. All windows face Chandler Boulevard, offering peaceful views of the eucalyptus trees. Enjoy one of the largest private balconies in the building—great for relaxing or dining outdoors. Community amenities include a pool, spa, and fitness center. HOA dues also cover earthquake insurance for added peace of mind. Tandem gated parking is included. Conveniently located near shopping, dining, and multiple supermarkets—including Ralphs—with easy access to the 101 and 405 freeways. This condo offers outstanding value in a prime Sherman Oaks location. Don’t miss this fantastic opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,172 | 1,223 | 33% |
| Lot Size | 56,744 | 27,063.5 | 83% |
| Price | $499.0K | $577.5K | 17% |
| Price per sq ft | $426 | $458 | 25% |
| Built year | 1989 | 1988 | 50% |
| HOA | $747.0 | $625 | 83% |
| Days on market | 222 | 148 | 67% |
Mar 8, 2026
$499,000
$550,000
-9% Price Drop
Initial Listing
Jan 24, 2026
$550,000
$565,000
-3% Price Drop
Initial Listing
Jan 9, 2026
$565,000
$579,000
-2% Price Drop
Initial Listing
Dec 4, 2025
$579,000
$599,000
-3% Price Drop
Initial Listing
Oct 29, 2025
$599,000
$550,000
+9% Price Increase
Initial Listing
Oct 27, 2025
$550,000
Initial Listing