5534 Sylmar Avenue 5, Sherman Oaks, California 91401, Sherman Oaks, 91401 - 2 bed, 2 bath

5534 Sylmar Avenue 5, Sherman Oaks, California 91401 home-pic-0
ACTIVE UNDER CONTRACT$559,000
5534 Sylmar Avenue 5, Sherman Oaks, California 91401
2Beds
2Baths
1,271Sqft
38,921Lot
Year Built
1982
Close
-
List price
$559K
Original List price
$559K
Price/Sqft
$440
HOA
$450
Days on market
-
Sold On
-
MLS number
24471265
Home ConditionFair
Features
Good View: Trees/Woods
Pool
Spa
ViewTrees/Woods

About this home

We found 2 Cons,3 Pros. Rank: price - $559.0K(40th), sqft - 1271(50th), beds - 2(50th), baths - 2(50th).

Welcome to 5534 Sylmar Ave #5 in Sherman Oaks. This 1st floor condo has 2 large bedrooms and 2 bathrooms. The primary walk in closet is quite large. Their is a gorgeous all gas fireplace in the family room. Kitchen has been updated with an air fry oven. Laundry is in unit. There is countless storage and closets throughout the property. There is even a large private and lockable storage room that is specifically just for this condo. 2 large tandem covered parking spaces are easily accessible. Balcony has a built in gas line. It's great for grills and outdoor heaters so you can enjoy the serene tree topped private balcony all year round. Lemon and orange trees right outside. Association has a large pool and hot tub that are great for relaxing. Across the street from Ralph's. There is guest parking inside of the community. HOA is $450/m + $187.50/m land lease. It's in a phenomenal location. This one won't last.

Condition Rating
Fair

The property was built in 1982. The kitchen has been updated with an air fry oven, but the overall style and features appear dated. The bathrooms are not clearly visible in the images, but given the age of the property, they likely require updates. While the property seems maintained, it falls into the 'Fair' category due to its age and the need for potential cosmetic updates to align with current styles.
Pros & Cons

Pros

Prime Location: Located in Sherman Oaks, across the street from Ralph's, offering convenient access to amenities and services.
Updated Kitchen: The kitchen has been updated with an air fry oven, providing a modern and functional cooking space.
Ample Storage: The condo features countless storage options, including a large walk-in closet in the primary bedroom and a private, lockable storage room.

Cons

Land Lease: The HOA includes a significant monthly land lease fee of $187.50, in addition to the regular HOA dues of $450.
Older Building: Built in 1982, the property may require updates or renovations to meet modern standards.

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