5136 Noble Avenue, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 2 bed, 1 bath

5136 Noble Avenue, Sherman Oaks, California 91403 home-pic-0
ACTIVE$1,099,000
5136 Noble Avenue, Sherman Oaks, California 91403
2Beds
1Bath
1,006Sqft
6,752Lot
Year Built
1941
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$1,092
HOA
-
Days on market
-
Sold On
-
MLS number
SR25194076
Home ConditionPoor
Features
Deck
View-

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.10M(5th), sqft - 1006(3th), beds - 2(14th), baths - 1(7th).

Calling all Investors and Visionaries! Welcome to 5136 Noble Ave in prime Sherman Oaks. This charming 2-bedroom, 1-bathroom home with an added den sits on a generous 6,750 sq ft lot, offering endless opportunities. Whether you’re looking to remodel, expand, or build new, the huge lot size and highly desirable location make this property an exceptional find. With its versatile footprint and incredible potential, this is your chance to make it your own in one of the Valley’s most sought-after neighborhoods.

Price History

Date
Event
Price
08/28/25
Listing
$1,099,000
Condition Rating
Poor

Built in 1941, this property is explicitly marketed for 'Investors and Visionaries' to 'remodel, expand, or build new,' indicating it requires substantial rehabilitation. The kitchen features very dated white appliances, old-style white cabinets, speckled laminate countertops, and outdated fluorescent panel lighting, all requiring a complete overhaul. While no direct bathroom images are provided, its condition is highly likely to be similarly outdated. The hardwood floors throughout are worn, and the overall aesthetic, including light fixtures and windows, is from an older era. Major systems (electrical, plumbing, HVAC) are almost certainly original or very old, necessitating extensive replacement to meet modern standards and comfort. The property is functional but very uncomfortable and inefficient in its current state, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Prime Sherman Oaks Location: The property is situated in a 'prime Sherman Oaks' location, described as a 'highly desirable' and 'most sought-after neighborhood' in the Valley, indicating strong market demand and potential for appreciation.
Generous Lot Size: Boasts a 'generous 6,750 sq ft lot' (6,752 sq ft in data), offering significant space for expansion, landscaping, or potential new construction, which is a premium in this urban area.
Significant Development Potential: Explicitly marketed for 'Investors and Visionaries' with 'endless opportunities' to 'remodel, expand, or build new,' highlighting its value as a redevelopment project.
Versatile Footprint: The existing home, despite its age, offers a 'versatile footprint' that can be adapted for various renovation or expansion plans, catering to creative buyers.
Targeted Buyer Appeal: The listing directly appeals to a specific segment of buyers (investors, builders, visionaries) looking for value-add opportunities, which can generate competitive interest.

Cons

Requires Extensive Renovation/Redevelopment: The description strongly implies the property is not move-in ready and necessitates substantial investment for remodeling, expansion, or a complete rebuild to meet modern standards and maximize its potential.
Small Existing Structure: With only 1,006 sq ft for 2 bedrooms and 1 bathroom, the current living space is relatively modest for the generous lot size and the prime Sherman Oaks market, likely requiring expansion for most buyers.
Older Construction: Built in 1941, the home likely features outdated systems (plumbing, electrical, HVAC) and design elements that will require significant upgrades to align with contemporary preferences and building codes.

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