5839 Tobias Avenue, Sherman Oaks, California 91411, Sherman Oaks, 91411 - 3 bed, 1 bath
ACTIVE$939,900
5839 Tobias Avenue, Sherman Oaks, California 91411
3Beds
1Bath
974Sqft
6,605Lot
Year Built
1943
Close
-
List price
$940K
Original List price
$940K
Price/Sqft
$965
HOA
-
Days on market
-
Sold On
-
MLS number
SR25092293
Home ConditionPoor
Features
Pool
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 20% below the list price. We found 3 Cons,5 Pros. Rank: price - $939.9K(34th), sqft - 974(9th), beds - 3(50th), baths - 1(14th).
Opportunity Knocks!Located in one of the area’s most desirable neighborhoods, this property offers the perfect canvas for your dream home. Bursting with potential, this residence needs some TLC and updating, but the possibilities are endless. Surrounded by beautifully maintained homes and just minutes from schools, trendy shops, and vibrant dining, this is a rare chance to create a custom living space in a great location. Whether you’re an investor, builder, or buyer with a vision, this is your opportunity to bring new life to a property with incredible upside.
Condition Rating
Poor
The property, built in 1943, explicitly states it 'needs some TLC and updating' and 'extensive renovation required.' The images reveal significant deferred maintenance, including an empty, dirty pool and peeling paint on an outbuilding. The interior shows dated hardwood floors, an old ceiling fan, and a glimpse of what appears to be an original or very old kitchen. With only one bathroom for three bedrooms, the functionality is outdated. Major systems (electrical, plumbing, HVAC) are likely at or past their expected lifespan, requiring substantial repairs and rehabilitation to meet current standards. This condition aligns with the 'poor' category, indicating it requires significant investment to be comfortable and desirable.
Pros & Cons
Pros
Prime Sherman Oaks Location: Situated in a highly desirable neighborhood, offering excellent proximity to schools, trendy shops, and vibrant dining, enhancing long-term value.
Significant Renovation & Upside Potential: Described as a 'perfect canvas' with 'incredible upside' for customization, expansion, or redevelopment, appealing to visionary buyers, investors, and builders.
Generous Lot Size: The 6,605 sqft lot provides ample space for potential home expansion, extensive landscaping, or the addition of an Accessory Dwelling Unit (ADU).
Investor/Builder Appeal: Explicitly marketed as an opportunity for investors or builders looking to bring new life and add substantial value to a property.
Established Community: Located within a neighborhood 'surrounded by beautifully maintained homes,' indicating a stable and appealing living environment.
Cons
Extensive Renovation Required: The property 'needs some TLC and updating,' necessitating significant capital investment and effort to modernize and enhance its appeal.
Overpriced Relative to Current Condition: The list price ($939,900) is substantially higher than the estimated property value ($742,630.09), indicating it's priced for its potential rather than its current 'as-is' state.
Small Square Footage & Limited Bathroom: With only 974 sqft and 1 bathroom for 3 bedrooms, the current interior space and functionality are below modern expectations and comparable properties, limiting immediate move-in appeal.