5741 Tobias Avenue, Sherman Oaks, California 91411, Sherman Oaks, 91411 - 3 bed, 3 bath
ACTIVE$1,100,000
5741 Tobias Avenue, Sherman Oaks, California 91411
3Beds
3Baths
1,382Sqft
6,798Lot
Price Vs. Estimate
The estimated value ($824,123.555) is $275,876.445 (25%) lower than the list price ($1,100,000). This property may be overpriced.
Key pros and cons
Top Pros:
Detached ADU with Income Potential: A detached 400 sqft ADU studio with its own bathroom offers significant flexibility for rental income, multigenerational living, or a private workspace, enhancing property value and utility.
Top Cons:
Significant Overpricing: The listing price of $1.1 million is 25% higher than the estimated property value of approximately $824,123, suggesting potential overvaluation in the current market.
Compared to the nearby listings
Price:$1.10M vs avg $1.11M ($-12,750)50%
Size:1,382 sqft vs avg 1,432.5 sqft39%
Price/sqft:$796 vs avg $74564%
More Insights
Built in 1946 (79 years old).
Condition: This property, built in 1946, has undergone significant renovations, making it a 'turnkey gem' with 'modern finishes' as described. The kitchen features sleek white shaker-style cabinets, granite countertops, and stainless steel appliances, presenting a contemporary and functional space. Bathrooms are updated with modern vanities and tiling, appearing clean and well-maintained. Hardwood and tile flooring throughout the main living areas and bedrooms contribute to a move-in ready condition. While extensively updated and aesthetically pleasing, the listing does not specify the exact age of the renovations or major system upgrades (HVAC, electrical, plumbing, roof) to qualify as 'Excellent' (renovated within 5 years with virtually new components). However, it clearly meets the criteria for 'Good' as it is move-in ready with no immediate renovations required, and systems appear well-maintained with minimal wear and tear.
Year Built
1946
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$796
HOA
-
Days on market
-
Sold On
-
MLS number
GD25117371
Home ConditionGood
Features
Patio
View-
About this home
Welcome to this turnkey gem in Sherman Oaks offering you perfect blend of comfort, style, and income potential. This move-in ready property features a bright and spacious main house with 3 bedrooms and 2 bathrooms 1382sqft, showcasing modern finishes, hardwood and tile flooring, and a sleek kitchen with granite countertops and stainless steel appliances. The inviting living room, natural light, and thoughtful layout make it ideal for everyday living and entertaining. Step outside to a private backyard with a covered patio, perfect for relaxing or hosting guests. A detached 400 sqft ADU studio with its own bathroom provides a fantastic opportunity for rental income, multigenerational living, or a private workspace. With ample parking, curb appeal, and a desirable location, this home is a smart investment and a turnkey opportunity for both homeowners and investors.
Condition Rating
Good
This property, built in 1946, has undergone significant renovations, making it a 'turnkey gem' with 'modern finishes' as described. The kitchen features sleek white shaker-style cabinets, granite countertops, and stainless steel appliances, presenting a contemporary and functional space. Bathrooms are updated with modern vanities and tiling, appearing clean and well-maintained. Hardwood and tile flooring throughout the main living areas and bedrooms contribute to a move-in ready condition. While extensively updated and aesthetically pleasing, the listing does not specify the exact age of the renovations or major system upgrades (HVAC, electrical, plumbing, roof) to qualify as 'Excellent' (renovated within 5 years with virtually new components). However, it clearly meets the criteria for 'Good' as it is move-in ready with no immediate renovations required, and systems appear well-maintained with minimal wear and tear.
Pros & Cons
Pros
Detached ADU with Income Potential: A detached 400 sqft ADU studio with its own bathroom offers significant flexibility for rental income, multigenerational living, or a private workspace, enhancing property value and utility.
Turnkey & Modern Interior: The property is described as a 'turnkey gem' with a move-in ready main house featuring modern finishes, hardwood and tile flooring, a sleek kitchen with granite countertops, and stainless steel appliances.
Desirable Sherman Oaks Location: Located in Sherman Oaks, a highly sought-after area, offering a desirable neighborhood and proximity to amenities.
Private Outdoor Living Space: A private backyard with a covered patio provides an ideal setting for relaxation and entertaining guests.
Ample Parking & Curb Appeal: The property boasts ample parking and attractive curb appeal, contributing to a positive first impression and practical convenience.
Cons
Significant Overpricing: The listing price of $1.1 million is 25% higher than the estimated property value of approximately $824,123, suggesting potential overvaluation in the current market.
Age of Property: Built in 1946, the property's age, despite modern finishes, may indicate older underlying infrastructure (e.g., plumbing, electrical) that could require future maintenance or upgrades not explicitly mentioned.
Undisclosed HVAC Status: The property description does not specify details regarding the heating and cooling systems, which could be a concern for comfort and energy efficiency in an older home, particularly in the California climate.