5941 Tobias Avenue, Sherman Oaks, California 91411, Sherman Oaks, 91411 - 4 bed, 2 bath

5941 Tobias Avenue, Sherman Oaks, California 91411 home-pic-0
ACTIVE$1,349,000
5941 Tobias Avenue, Sherman Oaks, California 91411
4Beds
2Baths
1,623Sqft
8,080Lot
Year Built
1943
Close
-
List price
$1.35M
Original List price
$1.39M
Price/Sqft
$831
HOA
-
Days on market
-
Sold On
-
MLS number
TR25058247
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 30% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.35M(69th), sqft - 1623(60th), beds - 4(60th), baths - 2(50th).

Fully renovated dream house in a sought-after neighborhood of Sherman Oaks, having so much to offer. Step into an open floor plan filled with an abundance of natural lighting, magnificent kitchen with gold touches blending to a waterfall island with quartz counter tops and custom cabinetry. Both bathrooms are upgraded to your the best comfort level, having the primary with a soaking tub and luxurious finishing touches. Primary bedroom features wood ceilings with a cathedral touch, walk in closet and yard views. Other upgrades this home offers, laminate flooring throughout, recessed lighting, new copper plumbing, new electrical and electrical panel, all new windows, new roof, new central Heat/AC. Immense entertainers' backyard features new sod, flowers beds, and sprinkler system. Enjoy your morning coffee or a lunch under the pergola. Yard has plenty of space to add on or for a pool. Close to shopping, restaurants, and 405 freeway. Detached garage for a possible ADU improvement.

Condition Rating
Excellent

Despite being built in 1943, this property has undergone a comprehensive and recent 'full renovation.' The description highlights a 'magnificent kitchen with gold touches, waterfall island with quartz countertops and custom cabinetry,' and 'upgraded bathrooms' with 'luxurious finishing touches' and a soaking tub. Crucially, all major systems are new, including 'new copper plumbing, new electrical and electrical panel, all new windows, new roof, new central Heat/AC.' The presence of laminate flooring throughout and recessed lighting further indicates a modern, virtually new interior, aligning perfectly with the 'Excellent' criteria for a property extensively renovated within 5 years with no deferred maintenance.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8080, living area = 1623.
Comprehensive Renovation: The property has undergone a 'fully renovated' transformation, including a magnificent kitchen, upgraded bathrooms, new copper plumbing, electrical, windows, roof, and central Heat/AC, offering a move-in ready experience.
Prime Location: Situated in a 'sought-after neighborhood of Sherman Oaks,' the home benefits from proximity to shopping, restaurants, and the 405 freeway, enhancing its desirability.
Modern Open Concept: The 'open floor plan filled with an abundance of natural lighting' provides a contemporary and inviting living space, appealing to modern buyer preferences.
Entertainer's Backyard: An 'immense entertainers' backyard' with new sod, flower beds, sprinkler system, and a pergola offers significant outdoor living and expansion potential for a pool or additional features.
ADU Conversion Opportunity: The 'detached garage for a possible ADU improvement' presents a valuable opportunity for future rental income or multi-generational living, adding long-term value.

Cons

Significant Overpricing: The listing price of $1.349M is substantially higher than the property's estimated value of approximately $940K, and also above some comparable sales, which could lead to appraisal challenges and deter potential buyers.
Unrealized ADU Potential: While an ADU is possible, it requires the buyer to undertake the conversion, including additional investment, permits, and time, unlike some competing properties that already feature permitted ADUs.
Interior Square Footage: At 1623 sqft, the interior living space is on the smaller side compared to several recently sold, higher-priced renovated homes in the immediate area, potentially impacting its competitive position for buyers seeking more space.

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