
Sherman Oaks, California 91401
This versatile multi-unit property represents a High-Potential Investment Opportunity, listed at $1,450,000—positioned slightly above the $1,437,184 Fair Market Value. While requiring cosmetic updates to its Fair Condition Rating, the property offers significant utility through a fully permitted 1-bedroom ADU and a 9,386 SF corner lot with a pool and spa. The dual-metered infrastructure and solar panels provide immediate operational efficiency. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income to offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5654 Stansbury Subject | $1,449,999* List Price | 5 | 4 | 1,426 | $982 | - |
A 5544 Colbath Sold | $1,200,000 | 3 | 2 | 1,477 | $812 | 0.3 mi |
B 14412 Collins Sold | $1,050,000 | 4 | 2 | 1,473 | $713 | 0.4 mi |
C 5710 Cantaloupe Sold | $1,048,000 | 3 | 2 | 1,079 | $971 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1937, the property shows a significant age gap between units. While the ADU appears recently renovated with modern flooring and recessed lighting, the main residence is dated, featuring popcorn ceilings, window AC units, and an older kitchen style. The presence of solar panels and updated electric panels is a plus, but the main house requires cosmetic updates and system modernizations typical of a home that hasn't been fully renovated in over 20 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9386, living area = 1426.
The property includes a fully permitted 1-bedroom, 1-bathroom ADU with its own private entry and separate meters, offering significant rental income potential or multi-generational living flexibility.
Situated on a large 9,386 SF corner lot with alley access, the property provides ample outdoor space, a pool, and a spa, which are highly desirable features in Sherman Oaks.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1426, other record living area = 1030. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The main residence contains 4 bedrooms within only 1,030 SF of living space, suggesting very small room sizes and potential issues with permitted square footage that require buyer verification.
With the original structure dating back to 1937, the property may require significant updates to core systems such as plumbing and electrical to meet modern standards.
Situated on an expansive 9,386 SF corner lot with alley access, this versatile multi-unit property in a desirable Sherman Oaks neighborhood in the City of Van Nuys offers incredible flexibility for homeowners or investors alike. The main residence features 4 bedrooms and 3 bathrooms across 1,030 SF of living space (buyer to verify permitted spaces). Adding fantastic rental income potential or multi- living, the fully permitted 1-bedroom, 1-bathroom ADU boasts 396 SF and its own private entry. Designed for modern efficiency and convenience, both units feature separate electric panels, individual meters, eco-friendly solar panels, and two carports. Outdoor living shines with a large pool and spa, making this a rare find with endless potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.5 |
| Baths | 4.0 | 3.0 |
| Square foot | 1,426 | 2,301.595 |
| Lot Size | 9,386 | 7,836.892 |
| Price | $1.45M | $1.78M |
| Price per sq ft | $1.0K | $827 |
| Built year | 1937 | 1954 |
| HOA | $0 | $170 |
| Days on market | 42 | 58 |
Jul 29, 2026
$1,449,999
Initial Listing