12940 Riverside Drive 106
Los Angeles, CA, 91423
(No pictures available yet)
$385,000
MLS: P1-27031
Beds
1
Baths
1
Sq Ft
722
Lot
0.29 ac
Year Built
1977
MLS #
P1-27031
Days on Market
1
Listed
May 7, 2026
Description
Welcome to this well-located 1 bedroom, 1 bathroom first-floor condominium in the heart of Sherman Oaks, offering comfort, convenience, and excellent investment potential. Situated within a gated-access community, the property features a secure and inviting environment with mature landscaping and a central courtyard setting. The unit opens to a spacious living and dining area with wood-style flooring, abundant natural light, and a cozy fireplace that adds warmth and character. Large sliding glass doors and windows enhance the airy feel while providing easy access to the outdoor surroundings. The adjacent kitchen offers ample cabinet storage, functional counter space, and a practical layout ideal for everyday living. The bedroom is generously sized with good closet space and natural light, while the bathroom includes a full tub and shower combination with a wide vanity. The unit maintains a comfortable and efficient floor plan, perfect for both owner-users and investors. Community amenities include under-building parking, an on-site laundry room, and controlled gated access for added security. Conveniently located near shopping, dining, and major transportation routes, this property presents a strong opportunity in a highly desirable Sherman Oaks location. Property will be delivered with the current tenants in place; tenant to remain the responsibility of the buyer.
Location
Los Angeles, Los Angeles County, CA 91423
Open on Google Maps ↗Listed by: Mark MacFarlane · Vimvi California
Payment estimate
$3,038
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $38,500 · Loan: $346,500
- Principal & Interest
- $2,192
- Property tax (1.25%)
- $401
- Homeowners insurance
- $300
- Mortgage insurance
- $144
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of May 21, 2026
- 30-year fixed
- 6.51%
- 15-year fixed
- 5.85%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $13,475 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Sherman Oaks, CA 91423 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.