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5420 Sylmar Avenue 117, Sherman Oaks, California 91401, Sherman Oaks, 91401 - 2 bed, 2 bath

5420 Sylmar Avenue 117, Sherman Oaks, California 91401 home-pic-0
ACTIVE UNDER CONTRACT$629,000
5420 Sylmar Avenue 117, Sherman Oaks, California 91401
2Beds
2Baths
1,172Sqft
56,744Lot
Year Built
1989
Close
-
List price
$629K
Original List price
$649K
Price/Sqft
$537
HOA
$747
Days on market
-
Sold On
-
MLS number
25541607
Home ConditionGood
Features
Good View: City Lights
Deck
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $629.0K(50th), sqft - 1172(50th), beds - 2(50th), baths - 2(50th).

SELLER WILLING TO CONSIDER CONTRIBUTION TO BUYER'S TEMPORARY RATE BUYDOWN OR CONTRIBUTION TO TEMPORARY HOA COVERAGE. Experience refined living in this meticulously renovated residence in Sherman Oaks' premier gated condo community. Spacious 2-bedroom condominium with elevated ceilings, crown molding, abundant natural light, and bedrooms located on opposing sides with ample closet space is waiting for you. The elegant interior features a wet bar, living room with a cozy fireplace and extends seamlessly to an oversized private balcony, while the large renovated kitchen offers a dedicated breakfast area and extensive storage. Recent bathroom updates include premium Kohler fixtures and whisper-quiet bathroom fans. This unit features in-unit side by side laundry and two secured tandem parking spaces. Chandler Park Village distinguishes itself with amenities including swimming pool, spa, community BBQ and fitness center. HOA covers earthquake insurance, master insurance, sewar, trash and water. Positioned on a serene, tree-canopied street just moments from Ventura Boulevard, this exceptional address provides effortless access to major transportation arteries, shopping, dining, and parks. This is an extraordinary opportunity to acquire a residence in one of the Sherman Oaks' most coveted enclaves.

Price History

Date
Event
Price
08/02/25
$629,000
05/22/25
$649,000
Condition Rating
Good
Built in 1989, this condominium has undergone significant and meticulous renovations, as stated in the description and evidenced by the images. The property features beautiful, well-maintained hardwood flooring throughout the main living areas and bedrooms, fresh paint, and crown molding. The kitchen boasts modern stainless steel appliances (including a seemingly new refrigerator), granite countertops, and clean tile flooring, making it highly functional and move-in ready. While the kitchen cabinet style is a classic wood finish rather than the latest contemporary trend, it is in excellent condition. Bathrooms have been recently updated with premium Kohler fixtures, granite countertops, and clean tile work, appearing well-maintained. The overall condition is excellent, with no immediate repairs or updates required. The renovations appear to be extensive and relatively recent (likely within the last 5-15 years), aligning perfectly with the 'Good' condition criteria for a property of its age.
Pros & Cons

Pros

Meticulously Renovated Interior: The residence boasts a meticulously renovated interior, including a large renovated kitchen with a breakfast area, updated bathrooms with premium Kohler fixtures, elevated ceilings, crown molding, a wet bar, and a cozy fireplace, offering a modern and refined living experience.
Prime Sherman Oaks Location & Accessibility: Positioned on a serene, tree-canopied street, the property offers effortless access to Ventura Boulevard, major transportation arteries, shopping, dining, and parks, placing it in a highly coveted Sherman Oaks enclave.
Comprehensive Community Amenities: Located within a premier gated condo community, residents benefit from a swimming pool, spa, community BBQ area, and a fitness center, enhancing lifestyle and convenience.
Seller Financial Incentives: The seller is willing to consider contributions towards a buyer's temporary rate buydown or temporary HOA coverage, providing a significant financial advantage in the current market.
Inclusive HOA & Convenient Unit Features: The HOA covers essential services like earthquake insurance, master insurance, sewer, trash, and water, adding value. The unit also features convenient in-unit side-by-side laundry and two secured tandem parking spaces.

Cons

High Monthly HOA Dues: The monthly HOA fee of $747 is substantial, which, despite its inclusions, represents a significant ongoing cost that could impact affordability for some buyers.
Tandem Parking Arrangement: While secured, the two parking spaces are tandem, which can be less convenient than independent parking spots, especially for households with multiple drivers or frequent guests.
Age of Building Infrastructure: Built in 1989, the building's underlying infrastructure and common areas, beyond the renovated unit, are older, potentially leading to unforeseen maintenance issues or future special assessments not covered by current HOA fees.

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