5055 Coldwater Canyon Avenue 217, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 3 bed, 2 bath
ACTIVE$559,000
5055 Coldwater Canyon Avenue 217, Sherman Oaks, California 91423
3Beds
2Baths
1,063Sqft
42,725Lot
Year Built
1973
Close
-
List price
$559K
Original List price
$559K
Price/Sqft
$526
HOA
$585
Days on market
-
Sold On
-
MLS number
25629385
Home ConditionPoor
Features
ViewCourtyard
About this home
We found 3 Cons,6 Pros. Rank: price - $559.0K(27th), sqft - 1063(22th), beds - 3(76th), baths - 2(50th).
Quiet courtyard facing 3 bedroom + 2 bath Condo in the heart of Sherman Oaks. Conveniently located in close proximity to 101 Freeway, Whole Foods, Ralph, Equinox, restaurants, Universal Studios, Warner Bros Studios, and other entertainments on Ventura Blvd. The Condo located in a secured access building with intercom and cameras throughout the property.Very light and bright with pool view from the balcony. private storage closet in the garage. All bedrooms are generous size with walk-in closet. HOA fees include water, trash and earthquake insurance. Beautiful pool, gym, onsite laundry room with app operated washers and dryers and guest parking. Probate sale, court approval may be required.
Nearby schools
6/10
John B. Monlux Elementary School
Public,•K-5•1.3mi
6/10
Erwin Elementary School
Public,•K-5•1.5mi
9/10
Kester Avenue Elementary School
Public,•K-5•2.5mi
9/10
Roscomare Road Elementary School
Public,•K-5•4.1mi
8/10
Lanai Road Elementary School
Public,•K-5•4.5mi
9/10
Warner Avenue Elementary School
Public,•K-5•6.5mi
6/10
Walter Reed Middle School
Public,•6-8•1.8mi
2/10
Van Nuys Middle School
Public,•6-8•2.1mi
5/10
James Madison Middle School
Public,•6-8•2.4mi
5/10
William Mulholland Middle School
Public,•6-8•5.5mi
3/10
William Mulholland Middle School
Public,•6-8•5.7mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•1.0mi
8/10
North Hollywood Senior High School
Public,•9-12•1.5mi
6/10
Van Nuys Senior High School
Public,•9-12•3.0mi
6/10
University Senior High School
Public,•9-12•8.5mi
6/10
University Senior High School Charter
Public,•9-12•8.5mi
Price History
Date
Event
Price
12/04/25
Listing
$559,000
06/23/00
Sold
$135,000
Condition Rating
Poor
The condo was built in 1973, making it 51 years old. There is no mention of any significant renovations, and the AI analysis explicitly notes 'older systems (e.g., plumbing, electrical) and interior finishes that could require significant renovation.' This strongly suggests that the kitchen and bathrooms are original or last updated 30-50 years ago, requiring substantial rehabilitation to meet contemporary standards. Without images, it's assumed the property needs extensive updates to its major components and finishes.
Pros & Cons
Pros
Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Prime Location & Accessibility: Situated in the heart of Sherman Oaks, offering exceptional convenience to the 101 Freeway, Whole Foods, Ralphs, Equinox, diverse restaurants, Universal Studios, Warner Bros Studios, and Ventura Blvd entertainment.
Comprehensive Building Amenities & Security: The secured access building features an intercom and cameras, along with a beautiful pool, gym, app-operated onsite laundry room, and guest parking, enhancing lifestyle and safety.
Inclusive HOA & Earthquake Insurance: The HOA fees cover water, trash, and crucial earthquake insurance, providing significant value and reducing potential out-of-pocket expenses for the owner.
Spacious & Functional Interior Layout: This 3-bedroom, 2-bathroom condo offers generous-sized bedrooms, each with a walk-in closet, and includes a private storage closet in the garage, maximizing living and storage space.
Natural Light & Pleasant Views: The unit is described as very light and bright, featuring a pleasant pool view from the balcony and a quiet courtyard-facing orientation, contributing to a serene living environment.
Cons
Probate Sale Implications: As a probate sale, the transaction process may be subject to court confirmation, potentially leading to longer closing periods and an 'as-is' condition without extensive seller disclosures.
Building Age & Potential for Updates: Built in 1973, the property may feature older systems (e.g., plumbing, electrical) and interior finishes that could require significant renovation to meet contemporary buyer preferences and standards.
Absence of In-Unit Laundry: The description mentions an 'onsite laundry room with app operated washers and dryers,' indicating the unit lacks private in-unit laundry facilities, which is a common desire for condo buyers.