NOT LISTED FOR SALE

5540 Sylmar Ave Unit 5 Sherman Oaks, CA 91401

Estimated Value: $584,000 - $638,000

2 Beds
2 Baths
1,271 Sq Ft
$400/mo HOA Fee

Last Sold July 24, 2024

Last sale price $600,000 $472 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,160/month

30 Days on Market

Highlights

  • Spa
  • Auto Driveway Gate
  • Contemporary Architecture
  • Chandler Elementary Rated A-
  • 0.89 Acre Lot
  • Main Floor Primary Bedroom

About This Home

As of July 2024

Welcome to 5540 Sylmar Ave #5, a recently renovated, move in ready 2bed/2bath specious condominium located in a prime Sherman Oaks neighborhood! The unit boasts a newer kitchen with modern cabinets, stainless-steel appliances and quartz counter tops. Also, there are 2 modern, recently remodeled bathrooms with new sinks, quartz countertops, showers, and toilets. The unit also offers a newer HVAC system, dual pane sliding doors, and dual pane windows. Master suite offers a large walk-in closet, private bathroom with a double vanity set, and an enclosed shower. Both bedrooms are spacious and come with custom blinds. Additional amenities are a community sparkling pool, well maintained grounds, private entrance, and two subterranean parking spaces. The interior of this luxurious unit offers high ceilings, formal dining area, newer hardwood floors, recessed lighting throughout, and a large entertainer’s private balcony. The hallway features an in-unit laundry hookup and a linen closet. This unit also has its own designated storage room. HOA includes water, trash and groundskeeping. The unit is conveniently located near both 101 and 405 freeways and is at close proximity to major shopping Centers, such as Sherman Oaks Galleria, Ralph’s grocery and restaurants on Ventura Boulevard!

Last Agent to Sell the Property

Nubar Garibyan

SoCal Real Estate Services Brokerage Phone: 818-368-8778 License #01101586 Listed on: 05/05/2024

Last Buyer's Agent

Marielle Epstein

1st Point Realty License #01736557

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,539

Year Built

  • Built in 1982 | Remodeled

Lot Details

  • No Units Located Below
  • Two or More Common Walls
  • Density is 21-25 Units/Acre
  • Land Lease of $180 per month
  • $100 Land Lease Transfer Fee

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Attached Carport
  • Parking Available
  • Tandem Covered Parking
  • Auto Driveway Gate
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor
  • Turnkey
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,271 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room

Kitchen

  • Six Burner Stove
  • Gas Range
  • Dishwasher
  • Quartz Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Upgraded Bathroom
  • 2 Full Bathrooms
  • Low Flow Toliet
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Spa
  • Balcony

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 38140
  • Assessor Parcel Number 2245007051
  • $186 per year additional tax assessments

Community Details

Overview

  • 24 Units
  • Cameron Courts HOA, Phone Number (310) 444-7444
  • Allstate HOA

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,539

Year Built

Built in 1982 | Remodeled

Lot Details

0

HOA Fees

$400 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Zoning: LAR3
  • Architectural Style: Contemporary
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 2245007051
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1271.00 Square Feet
  • Interior Amenities: Balcony, High Ceilings, Quartz Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Below
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Level: 2
  • Fireplace Features: Family Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 472.07
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
  • Spa Features: Association, Community
  • Bathroom Features: Low Flow Toilet(s), Shower, Exhaust Fan(s), Upgraded
  • Room Kitchen Features: Quartz Counters

Exterior Features

  • Pool Features: Association, Community
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Auto Driveway Gate, Attached Carport, Gated, Tandem Covered
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Gas Range
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 400.00
  • Association Fee Frequency: Monthly
  • Association Name: Cameron Courts HOA
  • Phone: 310.444.7444
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Urban
  • Association Management: Allstate

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Land Lease Amount: 179.57
  • Land Lease Amount Frequency: Monthly
  • Land Lease Transfer Fee: 100
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 38921.00
  • Lot Size Acres: 0.8935
  • Latitude Manual: 34.17159500

Multi Family

  • Lease Considered: No
  • Lot Size Area: 38921.0000 Square Feet
  • Number Of Units In Community: 24
  • Number Of Units Total: 24

Tax Info

  • Tax Census Tract: 1285.00
  • Tax Lot: 1
  • Tax Tract Number: 38140
  • TaxOtherAnnualAssessmentAmount: 186.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2024
Closed on
Jul 8, 2024
Sold by
Melkoumian Tatevik and Margarian Misak
Bought by
Thola Elizabeth
Seller's Agent
Nubar Garibyan
SoCal Real Estate Services
Buyer's Agent
Marielle Epstein
1st Point Realty
List Price
$599,000
Sold Price
$600,000
Premium/Discount to List
$1,000
0.17%
Views
53
Current Estimated Value
$614,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,157
Avg. Annual Appreciation
1.87%
Original Mortgage
$570,000
Outstanding Balance
$563,140
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$51,017

Purchase Details

Listed on
Jul 24, 2020
Closed on
Sep 17, 2020
Sold by
Margarian Hovseph Joseph
Bought by
Melkoumian Tatevik
Seller's Agent
Robert Kirakosian
Robert K Group
Buyer's Agent
Armen Muradyan
Coldwell Banker Residential Brokerage Company
List Price
$499,000
Sold Price
$499,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$449,100
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 24, 2020
Closed on
Aug 31, 2020
Sold by
Kupchian Ovsanna Roxana
Bought by
Melkoumian Tatevik and Margarian Misak
Seller's Agent
Robert Kirakosian
Robert K Group
Buyer's Agent
Armen Muradyan
Coldwell Banker Residential Brokerage Company
List Price
$499,000
Sold Price
$499,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,100
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 11, 2015
Closed on
Dec 17, 2015
Sold by
Cit Bank Na
Bought by
Kupchian Ovsanna Roxana
Seller's Agent
Stella Melendez
GEORGE MICHAEL REALTY
Buyer's Agent
Shelley Gross
Pacific Inter Capital Investment Solutions, Inc
List Price
$329,900
Sold Price
$326,000
Premium/Discount to List
-$3,900
-1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.50%
Original Mortgage
$180,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 2015
Sold by
Alexsanyan Ani
Bought by
Onewest Bank Fsb

Purchase Details

Closed on
Apr 28, 2006
Sold by
Miyagishima Brian and Miyagishima Audrey
Bought by
Alexsanyan Ani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,600
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2004
Sold by
Sukhasame Steve and Sukhasame Steven
Bought by
Miyagishima Brain and Kiok Audrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2002
Sold by
Sukhasame Michelle
Bought by
Sukhasame Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.25%

Purchase Details

Closed on
Mar 11, 2002
Sold by
Rodriguez Jose Jesus and Sandoval Judith
Bought by
Sukhasame Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.25%

Purchase Details

Closed on
Apr 3, 2000
Sold by
Hazarabedian Noa S
Bought by
Rodriguez Jose Jesus and Sandoval Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.75%

Purchase Details

Closed on
Mar 17, 2000
Sold by
Hazarabedian Arthur J
Bought by
Hazarabedian Noa S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.75%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thola Elizabeth $600,000 Chicago Title Company
Melkoumian Tatevik -- Provident Title
Margarian Misak -- Provident Title
Melkoumian Tatevik $499,000 Servicelink
Kupchian Ovsanna Roxana $325,500 Servicelink Title Company
Onewest Bank Fsb $308,155 Accommodation
Alexsanyan Ani $422,000 Progressive Title Company
Miyagishima Brain $355,000 Lawyers Title
Sukhasame Steven -- Lawyers Title Company
Sukhasame Steven $195,000 Lawyers Title Company
Rodriguez Jose Jesus $125,000 First American Title Co
Hazarabedian Noa S -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thola Elizabeth $570,000
Previous Owner Melkoumian Tatevik $449,100
Previous Owner Kupchian Ovsanna Roxana $180,000
Previous Owner Alexsanyan Ani $337,600
Previous Owner Miyagishima Brain $284,000
Previous Owner Sukhasame Steven $156,000
Previous Owner Rodriguez Jose Jesus $100,000
Closed Sukhasame Steven $39,000
Closed Miyagishima Brain $35,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/24/2024 07/24/24 Sold $600,000 +0.2% $472 / Sq Ft
05/05/2024 05/05/24 For Sale $599,000 +20.0% $471 / Sq Ft
09/21/2020 09/21/20 Sold $499,000 0.0% $393 / Sq Ft View Prior Sale
08/05/2020 08/05/20 Pending -- -- --
07/24/2020 07/24/20 For Sale $499,000 +53.1% $393 / Sq Ft
01/15/2016 01/15/16 Sold $326,000 -1.2% $256 / Sq Ft View Prior Sale
12/11/2015 12/11/15 Pending -- -- --
12/11/2015 12/11/15 For Sale $329,900 +1.2% $260 / Sq Ft
12/10/2015 12/10/15 Off Market $326,000 -- --
11/27/2015 11/27/15 Price Changed $329,900 -6.5% $260 / Sq Ft
11/10/2015 11/10/15 For Sale $352,775 0.0% $278 / Sq Ft
10/07/2015 10/07/15 Pending -- -- --
08/25/2015 08/25/15 For Sale $352,775 -- $278 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,539 $600,000 $384,400 $215,600
2024 $6,539 $529,541 $211,179 $318,362
2023 $6,413 $519,159 $207,039 $312,120
2022 $6,113 $508,980 $202,980 $306,000
2021 $5,351 $440,736 $264,660 $176,076
2020 $5,403 $436,218 $261,947 $174,271
2019 $5,190 $427,665 $256,811 $170,854
2018 $5,160 $419,280 $251,776 $167,504
2016 $4,357 $355,337 $213,202 $142,135
2015 $4,747 $388,000 $277,800 $110,200
2014 -- $388,000 $277,800 $110,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24089918

California Regional Multiple Listing Service (CRMLS)

APN: 2245-007-051