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.