4838 Coldwater Canyon Avenue, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 3 bed, 2 bath

4838 Coldwater Canyon Avenue, Sherman Oaks, California 91423 home-pic-0
ACTIVE UNDER CONTRACT$1,599,000
4838 Coldwater Canyon Avenue, Sherman Oaks, California 91423
3Beds
2Baths
1,559Sqft
6,600Lot
Year Built
1951
Close
-
List price
$1.6M
Original List price
$1.75M
Price/Sqft
$1,026
HOA
-
Days on market
-
Sold On
-
MLS number
25551091
Home ConditionExcellent
Features
Good View: Trees/Woods
Patio
ViewTrees/Woods

About this home

Possibly Over-Priced:The estimated price is 4% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.60M(28th), sqft - 1559(16th), beds - 3(41th), baths - 2(29th).

Entrance to property located in private cul de sac, off La Maida, just East of Coldwater. A must see in person property. Tucked away behind iron fencing & a 20 foot wall of Ficus trees, discover this gem of a home. Canopied by mature trees & surrounded by greenery, provides the perfect setting for artists, writers, creatives, or anyone seeking calm serenity. 3+2+ ADU, open-concept living spaces with high-end, custom, imported finishes throughout, including solid wood doors & dual-pane windows promising complete silence inside. Gourmet, cooks kitchen with top-of-the-line Stainless appliances, custom, maple cabinetry, leather-finish counter-tops & porcelain apron sink with bay window overlooking the large, private, grassy front yard. Solar panels & Tesla Storage battery on assumable $200/mo lease= no electric bills! Completely, separate guest unit/ADU, located behind the property, perfect for household help, In-laws, guests or making money! Permitted & registered, Seller has proven track record of 7 years hosting as short-term rental & earning an Airbnb "Most loved home- guest favorite badge", generating an average monthly income of just over $5,300. This unique property offers the perfect blend of luxurious living, private retreat, and lucrative investment potential. This home is not a flip. More than $400k invested in custom renovations. Unforeseen events led Owner to relocating.

Price History

Date
Event
Price
10/30/25
Price Change
$1,599,000-5.9%
08/02/25
$1,699,000
06/11/25
$1,749,000
Condition Rating
Excellent

Despite being built in 1951, this property has undergone extensive, high-quality renovations with over $400k invested, bringing it to a virtually new condition. The gourmet kitchen features top-of-the-line stainless appliances, custom maple cabinetry, and leather-finish countertops. Bathrooms are stylishly updated with modern fixtures and finishes, such as the freestanding tub and classic tilework. Throughout the home, solid wood doors, dual-pane windows, dark hardwood flooring, and contemporary lighting (recessed and pendant) are evident. The addition of solar panels and a Tesla battery further enhances its modern appeal and efficiency, aligning with current quality standards and showing no deferred maintenance.
Pros & Cons

Pros

High-Income ADU: The permitted and registered ADU boasts a proven 7-year track record as a short-term rental, generating an average monthly income of over $5,300, offering significant investment potential.
Extensive Quality Renovations: Over $400k has been invested in custom, high-end renovations, featuring imported finishes, solid wood doors, dual-pane windows, and an open-concept living space, ensuring modern luxury and sound insulation.
Advanced Energy Efficiency: Equipped with solar panels and a Tesla Storage battery on an assumable $200/month lease, the property effectively eliminates electric bills, providing substantial long-term cost savings.
Exceptional Privacy & Serenity: Tucked away in a private cul-de-sac, secured by iron fencing and a 20-foot Ficus wall, the property offers a unique sense of seclusion, tranquility, and a serene, tree-canopied environment.
Gourmet Chef's Kitchen: The property features a gourmet kitchen with top-of-the-line Stainless appliances, custom maple cabinetry, leather-finish countertops, and a porcelain apron sink, ideal for culinary enthusiasts.

Cons

Recent Price Reductions: The property has undergone multiple price reductions from its original list price of $1.749M to $1.599M, which may suggest initial overpricing or a longer market time than anticipated.
Older Original Construction: Built in 1951, the underlying structure is over 70 years old. While extensively renovated, some buyers may have concerns regarding the age of the original construction or potential for unforeseen maintenance.
Modest Main House Square Footage: The main residence offers 1559 sqft, which might be considered modest for a single-family home in the Sherman Oaks market, potentially limiting appeal for buyers seeking larger primary living spaces.

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