5420 Sylmar Avenue, Sherman Oaks, California 91401, Sherman Oaks, 91401 - 2 bed, 2 bath
5420 Sylmar Avenue
Sherman Oaks, California 91401
Property Price
SUMMARY
Analysis of 5420 Sylmar Avenue, Sherman Oaks, California 91401 is currently available with a list price of $550,000. 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.
The property, built in 1989, is 35 years old. While it features updated laminate flooring throughout the living areas and bedrooms, newer laundry appliances, and a stainless steel refrigerator, the kitchen and bathrooms largely retain their original or very dated styles. The kitchen cabinets and countertops are clearly from an older era, and some appliances (dishwasher, range) appear outdated. Bathrooms have dated vanities and flooring, though one bath shows a more modern vessel sink and an updated shower floor/enclosure. The unit is well-maintained and functional, but the outdated kitchen and bathroom aesthetics indicate it would benefit from minor updates to meet current standards, aligning with the 'Fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Located in the heart of Sherman Oaks, offering convenient access to shopping, dining, multiple supermarkets (including Ralphs), and easy freeway access (101 and 405).
- Comprehensive Community Amenities
Residents benefit from a pool, spa, and fitness center, enhancing the lifestyle appeal and value of the property.
- Desirable Interior Features
The unit boasts elevated ceilings, plantation shutters, central heat and air, an in-unit laundry room, a gas fireplace, and a wet bar, providing comfort and modern conveniences.
CONSRISKS & DEFICIENCIES
- High HOA Dues
The association fee of $747.0 is relatively high, which can significantly impact monthly ownership costs for potential buyers.
- Tandem Gated Parking
While gated, the inclusion of tandem parking can be inconvenient for households with multiple vehicles or for guest parking, potentially affecting daily logistics.
- Price Reduction History
The property has undergone multiple price reductions from its initial listing, which may suggest it was initially overpriced or has faced challenges in attracting buyers at higher price points.
About 5420 Sylmar Avenue
Welcome to 5420 Sylmar Ave #105! This 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 energy-efficient windows, along with central heat and air and an in-unit laundry room. 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!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 56,744 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $747.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,172 | 1,216 | 45% |
| Lot Size | 56,744 | 30,415 | 64% |
| Price | $550.0K | $585.0K | 36% |
| Price per sq ft | $469 | $503 | 27% |
| Built year | 1989 | 1979 | 55% |
| HOA | $747.0 | $520 | 91% |
| Days on market | 130 | 163 | 18% |
Pricing History
Listed for Sale
Jan 24, 2026
$550,000
$565,000
-3% Price Drop
Initial Listing
Price Change
Jan 9, 2026
$565,000
$579,000
-2% Price Drop
Initial Listing
Price Change
Dec 4, 2025
$579,000
$599,000
-3% Price Drop
Initial Listing
Price Change
Oct 29, 2025
$599,000
$550,000
+9% Price Increase
Initial Listing
Price Change
Oct 27, 2025
$550,000
Initial Listing