14530 Benefit Street 205, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 2 bed, 2 bath

14530 Benefit Street 205, Sherman Oaks, California 91403 home-pic-0
ACTIVE$615,000
14530 Benefit Street 205, Sherman Oaks, California 91403
2Beds
2Baths
1,318Sqft
13,613Lot
Year Built
1973
Close
-
List price
$615K
Original List price
$680K
Price/Sqft
$467
HOA
$565
Days on market
-
Sold On
-
MLS number
SR25207590
Home ConditionPoor
Features
Good View: Neighborhood, Peek-A-Boo
Pool
Spa
Patio
ViewNeighborhood, Peek-A-Boo

About this home

We found 3 Cons,5 Pros. Rank: price - $615.0K(50th), sqft - 1318(40th), beds - 2(50th), baths - 2(50th).

Attention investors and visionaries! This vacant condo offers endless potential. Bring your contractor and imagination to reimagine this space into a modern retreat or profitable investment. On the market for the first time in nearly 40 years, this 2-bedroom, 2-bath end unit with 1,318 sqft and no common walls offers a rare opportunity south of the Boulevard in Sherman Oaks. This character-filled fixer is perfect for buyers ready to create their dream home or investors seeking their next project. Flooded with natural light, the residence features oversized windows in the living room and primary suite, spacious living areas, and a decorative fireplace. Recent upgrades include a new HVAC system installed in June 2024, new paint throughout, along with new garbage disposal. The private patio offers endless potential for entertaining, relaxing, or creative design. Community amenities include 2-car tandem parking, pool, jacuzzi, sauna, and a recreation room. Set in a quiet, tree-lined neighborhood with easy access to the 405/101 and just moments from eclectic shops, renowned eateries, and vibrant entertainment options that make Sherman Oaks such a desirable neighborhood! Don’t miss this rare gem at an exceptional value! *Comparable remodeled units in the community have sold in the $800Ks, giving you room to build instant equity. This is a rare chance to buy below market and design to your taste!

Price History

Date
Event
Price
11/08/25
Price Change
$615,000-3.8%
10/03/25
Price Change
$639,000-6.0%
09/09/25
Listing
$680,000
Condition Rating
Poor

This property, built in 1973, is explicitly described as a 'character-filled fixer' requiring 'extensive renovation.' While it benefits from a new HVAC system and fresh paint, the kitchen and bathrooms are severely outdated, featuring original or very old cabinetry, countertops, appliances, and fixtures. The flooring throughout, including bright blue carpet in the living areas, grey carpet in a bedroom, and particularly the purple carpet in the bathroom, is highly dated and requires immediate replacement. These major components necessitate substantial rehabilitation to meet current quality standards and buyer expectations, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Prime Location & Accessibility: Situated south of the Boulevard in Sherman Oaks, this property offers excellent access to the 405/101 freeways, eclectic shops, renowned eateries, and vibrant entertainment, all within a quiet, tree-lined neighborhood.
Significant Investment Potential: On the market for the first time in nearly 40 years, it's presented as an 'exceptional value' with 'room to build instant equity' compared to remodeled units selling in the $800Ks, offering a rare chance to buy below market and customize.
Desirable Unit Features: This 1,318 sqft, 2-bedroom, 2-bath end unit boasts no common walls, abundant natural light from oversized windows, spacious living areas, and a private patio, enhancing privacy and living comfort.
Recent Essential Upgrades: Key updates include a new HVAC system installed in June 2024, fresh paint throughout, and a new garbage disposal, mitigating immediate major system replacement costs for the buyer.
Comprehensive Community Amenities: Residents benefit from a range of community amenities including a pool, jacuzzi, sauna, recreation room, and convenient 2-car tandem parking, adding significant lifestyle value.

Cons

Extensive Renovation Required: Described as a 'vacant condo offers endless potential' and a 'character-filled fixer,' indicating significant renovation and imagination are needed to modernize the space to current standards.
Higher Monthly Association Fees: The association fee of $565.0 per month is a notable ongoing cost that potential buyers must factor into their budget.
Original Construction Age: Built in 1973, the property's age suggests that while some systems are new, many original components and finishes likely require updating to meet contemporary buyer expectations and design preferences.

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