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4405 Ventura Canyon Avenue, Sherman Oaks, California 91423, Sherman Oaks, 91423 - bed, bath

4405 Ventura Canyon Avenue, Sherman Oaks, California 91423 home-pic-0
ACTIVE$2,659,000
4405 Ventura Canyon Avenue, Sherman Oaks, California 91423
0Bed
0Bath
4,577Sqft
5,788Lot
Year Built
1964
Close
-
List price
$2.66M
Original List price
$2.66M
Price/Sqft
$581
HOA
-
Days on market
-
Sold On
-
MLS number
GD25142084
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.66M(50th), sqft - 4577(50th), beds - undefined(50th), baths - undefined(50th).

Location, location, location! Exceptional 4-unit income property in the heart of Sherman Oaks, just one block from the highly sought-after Ventura Boulevard, where premier dining, shopping, and entertainment options abound. This well-maintained building offers a rare mix of upgrades, parking, and ideal tenant setup—perfect for investors or owner-users seeking steady cash flow in a prime neighborhood. Unit A and Unit B are fully remodeled and feature stainless steel appliances, updated finishes, and in-unit combo washer/dryers for added convenience. Unit A stands out with elegant Italian tile in the kitchen and bathrooms, along with stylish zebra blinds throughout. Unit C has been updated with new flooring and also includes its own in-unit washer/dryer. Units A, B, and C each come with two dedicated parking spaces, a highly desirable amenity in this area. Unit D is a charming 1-bedroom, 1-bathroom unit with its own parking space. Current tenancy setup includes Units A and D on a month-to-month, offering flexibility for future rent adjustments or owner-occupancy, while Units B and C are under lease contracts. This is a unique opportunity to own a turn-key property in one of the Valley’s most in-demand rental markets!

Nearby schools

9/10
Kester Avenue Elementary School
Public,•K-5•2.0mi
6/10
Erwin Elementary School
Public,•K-5•2.3mi
6/10
John B. Monlux Elementary School
Public,•K-5•2.4mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.9mi
8/10
Lanai Road Elementary School
Public,•K-5•3.6mi
9/10
Warner Avenue Elementary School
Public,•K-5•5.6mi
2/10
Van Nuys Middle School
Public,•6-8•1.8mi
6/10
Walter Reed Middle School
Public,•6-8•2.5mi
5/10
James Madison Middle School
Public,•6-8•3.3mi
5/10
William Mulholland Middle School
Public,•6-8•5.1mi
3/10
William Mulholland Middle School
Public,•6-8•5.3mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•2.0mi
8/10
North Hollywood Senior High School
Public,•9-12•2.6mi
6/10
Van Nuys Senior High School
Public,•9-12•3.0mi
6/10
University Senior High School
Public,•9-12•7.5mi
6/10
University Senior High School Charter
Public,•9-12•7.5mi

Price History

Date
Event
Price
06/27/25
Listing
$2,659,000
Condition Rating
Excellent
While the building was constructed in 1964, the listing explicitly states that Units A and B have been 'fully remodeled' with 'stainless steel appliances' and 'updated finishes,' including 'elegant Italian tile in the kitchen and bathrooms' for Unit A. The provided images strongly support this, showcasing contemporary kitchens with dark shaker cabinets, white quartz countertops, modern stainless steel appliances, and sleek recessed lighting. The bathrooms feature high-end marble-look tile, modern vanities, and frameless glass showers, all appearing virtually new. Flooring consists of modern large-format tile in living areas and new carpeting in bedrooms. These extensive and high-quality renovations, particularly in the kitchens and bathrooms, meet current quality standards and appear to have been completed very recently, aligning with the 'Excellent' criteria for extensively renovated properties.
Pros & Cons

Pros

Prime Location: Situated in the heart of Sherman Oaks, just one block from Ventura Boulevard, offering tenants immediate access to premier dining, shopping, and entertainment, which is highly desirable for rental properties.
Significant Unit Upgrades: Units A, B, and C have received substantial remodels, including stainless steel appliances, updated finishes, and in-unit washer/dryers, enhancing tenant appeal and justifying premium rents.
Ample Dedicated Parking: The property provides two dedicated parking spaces for Units A, B, and C, and one for Unit D, a highly sought-after amenity in this dense urban area that adds significant value for tenants.
Flexible Tenancy Structure: Units A and D are on month-to-month leases, offering immediate flexibility for an owner-user or the opportunity to adjust rents to current market rates, maximizing income potential.
Turn-Key Investment Opportunity: Described as a 'well-maintained' and 'turn-key' 4-unit property, it presents a ready-to-operate income asset with steady cash flow potential in a high-demand rental market.

Cons

Age of Building: Built in 1964, the property is over 50 years old, which may necessitate future capital expenditures for major building systems (e.g., roof, plumbing, electrical) that were not explicitly stated as fully upgraded for the entire structure.
Inconsistent Unit Modernization: While Units A, B, and C have undergone significant remodels, Unit D is only described as 'charming,' suggesting it may not offer the same level of modern finishes and amenities, potentially impacting its rental appeal or requiring further investment.
Absence of Shared Amenities: The property description does not highlight any common area amenities beyond parking, such as shared outdoor spaces, recreational facilities, or additional storage, which could be a competitive disadvantage in some rental markets.

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