5715 Norwich, Van Nuys, California 91411, Van Nuys, 91411 - 3 bed, 2 bath

5715 Norwich, Van Nuys, California 91411 home-pic-0
ACTIVE$949,900
5715 Norwich, Van Nuys, California 91411
3Beds
2Baths
1,332Sqft
6,894Lot
Year Built
1950
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$713
HOA
-
Days on market
-
Sold On
-
MLS number
OC25274453
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $949.9K(34th), sqft - 1332(34th), beds - 3(50th), baths - 2(50th).

Huge Value Add opportunity in an amazing Sherman Oaks neighborhood! Welcome to 5715 Norwich Ave, a charming 3-bed, 2-bath single-family home with approximately 1,332 sq. ft. of living space on a generous 6,894 sq. ft. lot in the heart of coveted Sherman Oaks. This property presents an exceptional value-add and development opportunity — perfect for fix-and-flip investors, renovation enthusiasts, or buyers seeking to modernize and move in to a highly desirable San Fernando Valley neighborhood. With solid bones and classic mid-century proportions, this home invites updates that can significantly elevate both functionality and market value. Situated near top-rated schools, this property benefits from steady home value fundamentals and solid demand, offering both investor upside and long-term homeowner appeal. With its spacious lot, proximity to amenities, and the opportunity to customize and enhance, it’s an ideal candidate for renovation, expansion, or repositioning in today’s market. Don’t miss your chance to capitalize on Sherman Oaks’ prime location, strong schools, and promising value-add potential — a rare find for fix-and-flip investors or those dreaming of a personalized move-in ready home.

Price History

Date
Event
Price
12/11/25
Listing
$949,900
10/13/98
Sold
$235,000
Condition Rating
Poor

Built in 1950, this property is explicitly marketed as a 'Value Add opportunity' requiring 'extensive renovation' and 'substantial capital expenditure for upgrades to plumbing, electrical, and HVAC.' The kitchen features dated dark wood cabinets and older granite countertops. While hardwood floors are present and one bathroom shower appears to have been updated with subway tile, the overall condition, including visible water damage in one room and the need for major system replacements, indicates substantial repairs and rehabilitation are necessary to meet modern standards and functionality.
Pros & Cons

Pros

Prime Location: Located in an 'amazing' and 'coveted Sherman Oaks neighborhood,' offering strong market demand and proximity to amenities.
Significant Value-Add Potential: Presents an exceptional opportunity for fix-and-flip investors or renovation enthusiasts to modernize and significantly increase market value.
Generous Lot Size: Features a spacious 6,894 sq. ft. lot, providing ample room for potential expansion, landscaping, or outdoor living enhancements.
Top-Rated School Access: Situated near top-rated schools, enhancing its appeal to families and contributing to long-term homeowner value.
Solid Mid-Century Foundation: Boasts 'solid bones and classic mid-century proportions,' offering a robust structural base for renovation and modernization.

Cons

Requires Extensive Renovation: The property is explicitly positioned as a 'value-add' opportunity, indicating it requires significant updates and investment to meet modern standards and maximize its potential.
Advanced Age of Property: Built in 1950, the home likely has original systems and finishes, necessitating substantial capital expenditure for upgrades to plumbing, electrical, and HVAC.
Absence of Views: The property does not offer any notable views, which could be a limiting factor for some buyers in a market where scenic outlooks are often desired.

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