5646 Vesper Avenue, Sherman Oaks, California 91411, Sherman Oaks, 91411 - 2 bed, 2 bath
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Sherman Oaks, California 91411
This Value-Add Residential Asset is listed at $1,399,900, reflecting a location-based premium over the $1,271,894 Fair Market Value. While the Condition Rating of 4 suggests necessary updates to vintage systems, the property features a modern kitchen, a patio, and a 7,081-square-foot lot with significant ADU potential. The 1,672-square-foot layout offers a functional footprint for forced appreciation, supported by strong neighborhood comparable sales. Located within the Los Angeles Unified district, this is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to capture Sherman Oaks equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5646 Vesper Avenue Subject | $1,399,900* List Price | 2 | 2 | 1,672 | $749 | - |
A 5717 Natick Avenue Sold | $1,032,000 | 2 | 1 | 1,465 | $704 | 0.2 mi |
B 5701 Vista Del Monte Sold | $1,065,000 | 4 | 2 | 1,611 | $661 | 0.0 mi |
C 5731 Vista Del Monte Avenue Sold | $1,155,000 | 3 | 2 | 1,268 | $911 | 0.1 mi |
D 14728 Mccormick Street Sold | $1,000,000 | 3 | 2 | 1,353 | $739 | 0.6 mi |
E 5351 Lemona Avenue Sold | $1,341,000 | 4 | 2 | 2,137 | $628 | 0.6 mi |
F 5715 Vista Del Monte Avenue Sold | $1,015,000 | 2 | 1 | 1,251 | $811 | 0.1 mi |
G 5656 Vesper Avenue Active Under Contract | $1,289,999 List Price | 3 | 2 | 1,684 | $766 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property features a modern, updated kitchen with shaker-style cabinetry, stone countertops, and stainless steel appliances, which suggests some recent interior work. However, the 1940s exterior, neglected yard, and cracked concrete driveway indicate significant deferred maintenance. The listing's emphasis on 'value-add potential' and 'vintage infrastructure' confirms that while the home is functional, it requires updates to major systems and the exterior to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7081, living area = 1672.
Situated in the highly sought-after Sherman Oaks neighborhood, this property offers long-term value and proximity to upscale amenities and dining.
The 7,081-square-foot lot provides ample space for outdoor entertaining, potential home expansion, or the addition of an Accessory Dwelling Unit (ADU).
Built in 1940, the home likely requires updates to major systems such as plumbing, electrical, and HVAC to meet modern efficiency and safety standards.
A two-bedroom configuration at a $1.399M price point may limit the buyer pool, particularly for growing families or those needing multiple home offices.
The property does not offer any significant views, which can be a competitive disadvantage compared to other premium-priced listings in the Sherman Oaks hills.
A great opportunity to own in a desirable neighborhood. the property offers a functional layout, generous lot size, and excellent potential for customization or investment. Whether you are looking to create your dream home or invest in a promising property, this is the opportunity you won't want to miss. Close to everyday amenities and commuter routes. Ideal for owner-occupants or investors looking to add value. Don't miss this opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 15% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,672 | 1,457 | 62% |
| Lot Size | 7,081 | 6,758 | 74% |
| Price | $1.40M | $1.03M | 77% |
| Price per sq ft | $837 | $739 | 74% |
| Built year | 1940 | 1948 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 71 | 159 | 11% |
Feb 11, 2026
$1,399,900
Initial Listing
Feb 10, 2026
$13,999,900
Initial Listing
Dec 12, 2023
$1,300,000
Public Record
Jan 11, 2023
$780,000
Public Record