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14838 Addison Street, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 4 bed, 6 bath

14838 Addison Street, Sherman Oaks, California 91403 home-pic-0
ACTIVE$3,295,000
14838 Addison Street, Sherman Oaks, California 91403
4Beds
6Baths
3,398Sqft
6,752Lot
Year Built
2024
Close
-
List price
$3.29M
Original List price
$3.5M
Price/Sqft
$970
HOA
-
Days on market
-
Sold On
-
MLS number
25520199
Home ConditionExcellent
Features
Good View: City Lights
Deck
Pool
Spa
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $3.29M(86th), sqft - 3398(66th), beds - 4(50th), baths - 6(86th).

Serenity awaits in this private, meticulously crafted Dream Space design home in Sherman Oaks. Bathed in natural light, this brand new construction home exemplifies the essence of the relaxed, indoor/outdoor California lifestyle with impeccable amenities and details. Featuring artisanal plaster walls along with stunning stonework this 4 bedroom/4.5 bath in the main home plus a separate cabana with its own en- suite bathroom is truly a retreat masterwork of luxury living. A built in BBQ area, a large sleek pool/spa and sliding doors open to an entertainer's dream oasis. A perfect balance of warmth and modernity, this home is welcoming and homey with artful wood paneling and beams, a stone feature wall, neutral color palette, multiple fireplaces and built-ins. The large master suite features an expansive custom closet, an exquisite master bathroom with a glass encased double rainfall shower and separate tub and deck that overlooks the grassy lawn. Just minutes from walking into new cafes and restaurants on Ventura Blvd.

Condition Rating
Excellent
This property is a brand new construction, built in 2024, which immediately qualifies it for an 'Excellent' rating. The images and description showcase a meticulously crafted home with high-end, modern finishes throughout. The kitchen features sleek, integrated cabinetry and appliances, a large island, and contemporary fixtures. Bathrooms are luxurious with modern vanities, freestanding tubs, glass-enclosed showers, and stylish tile work. All flooring appears to be new, high-quality wood and tile. Recessed lighting, modern fireplaces, and a separate cabana with an en-suite bathroom further emphasize the property's pristine condition and adherence to current luxury standards. There is no deferred maintenance or physical depreciation visible, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

Brand New Luxury Construction: Built in 2024, this meticulously crafted 'Dream Space' design home offers modern aesthetics, new systems, and minimal immediate maintenance, appealing to buyers seeking contemporary luxury.
High-End Finishes & Design: Features artisanal plaster walls, stunning stonework, artful wood paneling and beams, multiple fireplaces, and built-ins, creating a sophisticated and welcoming ambiance.
Exceptional Indoor/Outdoor Living: Designed for the California lifestyle with abundant natural light, sliding doors opening to an entertainer's dream oasis, a built-in BBQ area, and a large sleek pool/spa.
Versatile Separate Cabana: Includes a separate cabana with its own en-suite bathroom, providing flexible space for guests, a home office, or additional recreational use.
Prime Sherman Oaks Location: Conveniently located just minutes from new cafes and restaurants on Ventura Blvd, offering excellent walkability and access to local amenities.

Cons

Price Adjustment & Valuation Discrepancy: The property has already undergone a price reduction from its original list price ($3.495M to $3.295M), and the estimated value ($3.095M) is still 6% below the current asking price, suggesting potential overpricing or market resistance.
Lack of Explicit Smart Home Features: While a new build, the description does not detail specific smart home technologies (e.g., Control-4, integrated systems), which are increasingly expected in luxury new constructions and are highlighted in comparable properties.
Absence of Sustainability/Energy Efficiency Details: The listing does not mention any energy-efficient features, solar panels, or sustainable landscaping, which are common selling points for new luxury homes and can be a consideration for environmentally conscious buyers.

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