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3947 Sumac Drive
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 12, 2026 | Listed by Luxury Collective | $1,995,000 | |
| Listed by Luxury Collective | |||
| Dec 15, 2025 | Listed | $1,995,000 | |
| Listed | |||
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Prime Sherman Oaks Living South of the Boulevard – Timeless Charm, Privacy & Endless Potential! Rare opportunity to own a home in one of Sherman Oaks’ most sought-after, tree-lined neighborhoods south of the Boulevard. Set behind mature landscaping, this inviting residence offers a perfect blend of classic charm, comfort, and location—ideal for buyers looking to enjoy the best of Valley living with easy access to the city. Step inside to a warm and welcoming interior filled with natural light, featuring spacious living areas designed for both everyday comfort and entertaining. The living room serves as the heart of the home, offering an inviting space to relax, gather, and enjoy the serene surroundings. Large windows frame lush greenery and allow sunlight to pour in throughout the day. The kitchen provides ample cabinet space and functionality, ready to serve as-is or be customized to suit your vision. The spa-like primary bathroom blends modern sophistication with warm, natural finishes. A floating wood vanity with sleek black hardware anchors the space. The oversized glass-enclosed shower feels open and luxurious, featuring neutral stone tile, dual rainfall showerheads, and custom black fixtures for a striking contrast. The other bedrooms are generously sized, offering privacy and comfort, while the bathrooms maintain a timeless appeal. Adding to the home’s thoughtful design is a private elevator, offering effortless access across multiple levels. Outdoors, the property truly shines. The private backyard is a peaceful retreat—perfect for al fresco dining, weekend gatherings, or creating your own outdoor oasis. Whether you envision a garden, entertaining space, or tranquil escape, the possibilities are endless. Additional features include garage parking, mature trees for added privacy, and a layout that lends itself beautifully to future upgrades or expansion. Located just moments from Ventura Boulevard’s renowned dining, shopping, and entertainment, as well as nearby parks, studios, and freeway access, this home offers both lifestyle and convenience. Opportunities like this in Sherman Oaks don’t come often. This home offers location, charm, and potential in one exceptional package. Schedule your private showing today and imagine the possibilities!
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| Nov 17, 2025 | Listed | $2,299,999 | |
| Listed | |||
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Stunning contemporary residence in the Sherman Oaks hills. This spacious 4-bedroom, 5-bath home offers an open floor plan with abundant natural light, high ceilings, and multiple view balconies. The main level features large living and family rooms, an updated kitchen with shaker cabinetry, stone counters, center island, and high-end appliances. A private en-suite bedroom on the main floor is ideal for guests or a home office.
Upstairs, the primary suite includes a dual-vanity bath and serene canyon views. Two additional bedrooms share a jack-and-jill bathroom. A separate bonus room with its own 3/4 bath provides flexible use as an office, gym, or media space. Additional features include new engineered wood flooring, dual HVAC systems, an elevator, built-ins, wine fridge, and an attached two-car garage. The property offers a private, low-maintenance backyard bordered by mature hedges, plus multiple balconies with canyon and city-light views. Conveniently located near Sherman Oaks shopping, dining, and commuter routes with easy Westside access.
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| Aug 13, 2025 | In contract | - | |
| In contract | |||
| Jul 1, 2025 | Price Decreased |
$1,899,000
↓ $51K
(2.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017