70
Bedrooms
Sold for $12,738,000 · Mar 2023
SOLDListed at $13,500,000
Sherman Oaks, CA
MLS# 22212405
Adrienne Barr
Listing Agent
Berkadia
DRE #: 01308753
Brokerage: Berkadia
70
Bedrooms
70
Bathrooms
48,602 sqft
Square Feet
1962
Year Built
1.02 acres
Lot Size
$262
Price/Sq Ft
N/A
Garage Spaces
N/A
HOA
Property
Property Type
We are excited to exclusively offer for sale, 4605 Sylmar Avenue, a 39-unit apartment community located in the heart of Sherman Oaks, California, within walking distance to Ventura Boulevard. Seismic earthquake retrofitting work has been completed. Priced at $278 psf (priced below replacement cost), the property sits on over one acre and features a large private courtyard with sparkling swimming pool, sundeck and grilling area; lush landscaping; 3 laundry rooms; and 38 side-by-side, covered parking spaces. The property offers a unit mix of one-, two- and two-bedroom plus den units, averaging 1,071 sf. Units feature spacious floor plans with individual in-unit water heater; central air and heat; and private balconies. Situated in a prime Sherman Oaks location, the property is within walking distance to Whole Foods Market, Gelsons, Best Buy, Blu Jam Cafe, Mamalade Caf, ULTA, Burger Lounge, Starbucks, Buffalo Exchange and nearby Ventura Boulevard. The location provides convenient access to freeways, the Van Nuys Metrolink and Amtrak station and is minutes to Valley College and close proximity to UCLA, Van Nuys Airport and Burbank Airport. OFFERING MEMORANDUM, rent roll and financials available on website referenced in Agent remarks. Rents shown are averages for each unit type; full rent roll available on website.
Listing description from the March 2023 sale, as reported to CRMLS.
Earthquake data is shown from a real public source (USGS)
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1 recorded sale
4605 Sylmar Avenue sold for $12,738,000 in March 2023, 5.6% under its $13,500,000 list price, after 26 days on the market. That works out to $262 per square foot on 48,602 square feet. Across 184 closed sales in 91423 over the last 12 months, the median sold price is $1,639,000 and the median is $768 per square foot, 193% above this sale's $262.
| Quarter | Closed sales in 91423 | Median sold price |
|---|---|---|
| Q1 2026 | 13 | $1,750,000 |
| Q2 2026 | 85 | $1,860,000 |
| Q3 2026 | 64 | $1,480,000 |
| Q4 2026 | 22 | $1,351,074 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Sherman Oaks · Homes for sale in 91423
Closed sales reported in 91423, nearest first, last 12 months. All recent sales in Sherman Oaks →
4605 Sylmar Avenue
Contact Adrienne Barr
Contact via Nalren messaging
Contact Listing Agent
Berkadia
DRE #01308753
Contact information is not available for this listing.