5050 Coldwater Canyon Avenue PH1
Sherman Oaks, CA, 91423
$885,000
MLS: 26857089
Beds
4
Baths
3
Sq Ft
2,504
Lot
0.73 ac
Year Built
1966
MLS #
26857089
Days on Market
28
Listed
Jul 10, 2026
Description
Welcome to Penthouse #1 at 5050 Coldwater Canyon, an exceptionally spacious 2,504-square-foot corner residence offering an incredible opportunity in the heart of Sherman Oaks. With 4 bedrooms, 3 full bathrooms, and sweeping views to the west, south, and north, this light-filled penthouse combines generous living spaces with endless potential. Step inside to an expansive living and family room featuring custom built-in cabinetry, a entertaining bar, and walls of windows that fill the home with natural light. The adjacent balcony captures western views, while the oversized dining area comfortably accommodates large gatherings and dinner parties. The bright, functional kitchen features an open breakfast bar, generous workspace, and a convenient separate service entrance from the hallway. Positioned just off the family room, it offers a practical layout with the opportunity to personalize and update over time. The flexible floor plan offers four bedrooms and three full bathrooms, including an expansive primary suite with a walk-in closet and en-suite bath. 4th bedroom currently functions as an extension of the primary suite, creating a luxurious retreat, home office, or sitting room, but can easily be converted back into a true fourth bedroom if desired. Additional highlights include in-unit laundry, abundant storage throughout, two side-by-side parking spaces, and storage in the garage. Residents enjoy a well-maintained community with a recently updated pool, sauna, and recreation room. Ideally located just moments from Ventura Boulevard's shopping, dining, and entertainment, with convenient access to the 101 Freeway, this rare penthouse presents an outstanding opportunity to customize and create your dream home in one of Sherman Oaks' most desirable locations.
Location
Sherman Oaks, Los Angeles County, CA 91423
Open on Google Maps ↗Listed by: Jessica Steier · Property
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$7,482
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $88,500 · Loan: $796,500
Average 30-yr fixed rate 6.69% as of Aug 6, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,134
- Property tax (1.25%)
- $922
- Homeowners insurance
- $300
- Mortgage insurance
- $332
- HOA dues
- $794
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 Aug 6, 2026
- 30-year fixed
- 6.69%
- 15-year fixed
- 6.01%
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 Sherman Oaks home with as little as 3.5% down using an FHA loan — roughly $30,975 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.
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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
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