5701 Tobias, Sherman Oaks, California 91411, Sherman Oaks, 91411 - 2 bed, 2 bath
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Sherman Oaks, California 91411
This property presents a Strong Value Opportunity with a List Price of $1,025,000—positioned well above the $934,596 Fair Market Value by -9%. While the property requires a full rehab, the 2024 HVAC upgrades and prime location within the Los Angeles Unified district near Kester Avenue Elementary provide a solid foundation. With a Condition Rating of 5, this asset is a blank canvas for those capable of executing a comprehensive renovation. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking to maximize equity in a high-demand neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5701 Tobias Subject | $1,025,000* List Price | 2 | 2 | 1,453 | $667 | - |
A 5806 Noble Sold | $1,100,925 | 3 | 2 | 1,720 | $640 | 0.5 mi |
B 5717 Natick Avenue Sold | $1,032,000 | 2 | 1 | 1,465 | $704 | 0.1 mi |
C 5740 Lemona Avenue Sold | $1,016,000 | 2 | 1 | 1,391 | $730 | 0.4 mi |
D 5656 Vesper Avenue Sold | $1,280,000 | 3 | 2 | 1,684 | $760 | 0.1 mi |
E 5425 Halbrent Sold | $900,000 | 3 | 2 | 1,331 | $676 | 0.8 mi |
F 5801 Willis Avenue Sold | $1,007,000 | 3 | 2 | 1,702 | $592 | 0.2 mi |
G 5702 Vesper Avenue Sold | $1,185,000 | 3 | 2 | 1,696 | $699 | 0.1 mi |
H 5715 Norwich Sold | $1,030,000 | 3 | 2 | 1,332 | $773 | 0.5 mi |
I 5837 Cedros Active | $800,000 List Price | 3 | 2 | 1,280 | $625 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1941 and marketed specifically to contractors and investors for renovation, the property shows significant interior wear including damaged flooring and dated built-ins. While the HVAC system was replaced in 2024, the home requires a full rehab of the kitchen, bathrooms, and finishes to meet modern standards.
Situated on a charming tree-lined street in a highly desirable Sherman Oaks neighborhood, the property is zoned for the top-rated Kester Avenue Elementary School, significantly boosting long-term value.
Marketed as a prime opportunity for contractors and investors, this property offers a blank canvas to renovate or reimagine, allowing for substantial equity growth in a premium market.
The installation of a brand-new air conditioning system and furnace in 2024 provides immediate functional reliability and reduces the initial capital expenditure for the buyer.
The property is in need of significant updating and modernization, which will require a substantial additional investment of time and capital beyond the purchase price.
Built in 1941, the home likely features aging infrastructure and systems that may present unforeseen challenges and costs during the remodeling process.
Attention contractors, investors, and buyers looking to add value! This property presents an outstanding opportunity to update. renovate or reimagine. Welcome to 5701 Tobias Avenue, a charming residence with a tree lined-street in a highly desirable Sherman Oaks neighborhood. There are 2 bedrooms, 2 full baths,1453 SQ Ft and a generous 6,278 square foot lot. The home's thoughtfully designed floor plan features a spacious living room with a fireplace and a dedicated dining area, and also a bright kitchen with Its own eating area. The den is permitted and it also has built in closet. Recent improvements include a new air conditioning system and furnace which was installed in 2024. Ideally located just north of Burbank, you'll appreciate easy access to shopping, dining, entertainment, major studios, and transportation routes. Also Kester Avenue Elementary School is a top-rated California school, recognized for academic excellence.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,453 | 2,347 |
| Lot Size | 6,728 | 8,485 |
| Price | $1.02M | $1.81M |
| Price per sq ft | $705 | $827 |
| Built year | 1941 | 1956 |
| HOA | $0 | $0 |
| Days on market | 41 | 58 |
Jun 11, 2026
$1,025,000
Initial Listing