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5534 Sylmar Avenue 5, Sherman Oaks, California 91401, Sherman Oaks, 91401 - 2 bed, 2 bath

5534 Sylmar Avenue 5, Sherman Oaks, California 91401 home-pic-0
ACTIVE$499,999
5534 Sylmar Avenue 5, Sherman Oaks, California 91401
2Beds
2Baths
1,271Sqft
38,921Lot
Year Built
1982
Close
-
List price
$500K
Original List price
$575K
Price/Sqft
$393
HOA
$425
Days on market
-
Sold On
-
MLS number
25521351
Home ConditionFair
Features
Good View: Courtyard
Pool
ViewCourtyard

About this home

We found 3 Cons,5 Pros. Rank: price - $500.0K(30th), sqft - 1271(50th), beds - 2(50th), baths - 2(50th).

A smart rental investment or the perfect place to call home. This condominium features two bedrooms and two bathrooms, offering a perfect balance of comfort and privacy. The generously sized bedrooms are thoughtfully appointed with elegant finishes and bathed in natural light, creating a relaxing atmosphere. The open-concept living space blends the living room, dining area, and kitchen, making it ideal for both entertaining and day-to-day living. The kitchen is a highlight with its modern appliances, sleek countertops, and plenty of cabinet storage. Step outside to your private balcony, a peaceful space to enjoy a morning coffee or unwind in the evening. Additional conveniences include in-unit laundry, two tandem parking spots in a secure gated garage, and a generous storage room (approximately 150 SQFT) located near the garage, offering extra space for all your storage needs.Don't miss out on the opportunity to own this stunning property. Schedule your showing today! ((Monthly HOA Fee: $425, Land Lease Fee: $187.46, $612.46 per month.)

Price History

Date
Event
Price
10/01/25
Price Change
$499,999-5.7%
09/08/25
Price Change
$529,999-0.9%
08/06/25
$539,999
08/06/25
Price Change
$534,999-0.9%
04/04/25
$575,000
Condition Rating
Fair
The property, built in 1982, is well-maintained with clean hardwood floors and fresh paint. However, the kitchen features dated granite countertops and backsplash, and a white dishwasher, despite some newer stainless steel appliances. The bathroom's fiberglass shower stall is significantly outdated. These elements suggest a renovation that occurred 15-30 years ago, rather than a recent one, and would require minor updates to align with current styles and preferences.
Pros & Cons

Pros

Modern & Functional Kitchen: The kitchen is a highlight with its modern appliances, sleek countertops, and plenty of cabinet storage, offering a contemporary and efficient space.
Open-Concept Living Space: The open-concept design seamlessly blends the living room, dining area, and kitchen, creating an ideal environment for entertaining and daily life.
Comprehensive Amenities: The property includes valuable conveniences such as in-unit laundry, two secure tandem parking spots in a gated garage, and a generous 150 sqft private storage room.
Private Outdoor Retreat: A private balcony provides a peaceful space for residents to enjoy morning coffee or unwind in the evening.
Versatile Investment Opportunity: Marketed as both a smart rental investment and a perfect home, appealing to a wide range of potential buyers.

Cons

High Monthly Fees: The combined monthly HOA fee of $425 and a land lease fee of $187.46 result in a substantial total monthly payment of $612.46, adding significantly to ownership costs.
Land Lease Structure: The presence of a land lease introduces a unique ownership structure that may affect financing options, long-term appreciation, and resale appeal compared to traditional condominium ownership.
Multiple Price Reductions: The property has seen several price drops from its original list price of $575,000 to the current $499,999, which could indicate initial overpricing or challenges in attracting buyers.

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