Priced for the buyer who sees the opportunity in what others don't. A rough diamond in the heart of Sherman Oaks has come to the market for first time in 43 years, and for the right investor, flipper, developer, or savvy homeowner, that single fact is enough to start building.… Read More This is a 2 bed / 1 bath ranch with bones that do the talking: original hardwood floors that refinish beautifully, vaulted beamed ceilings that define the room before a single dollar of renovation is spent, a brick fireplace, and a covered front porch framed by a mature fig tree that no amount of new construction can replicate. The lot runs deep and at the rear sits a separate structure of approximately 700 square feet that is the real conversation. No permits available, it currently has a known mold issue. Both are fully disclosed. Both are reflected in the price. And both represent exactly the kind of work that separates a good return from a great one, because, a permitted ADU on a Sherman Oaks lot is not a bonus feature, it is a cash-flowing asset. Remediate the structure, bring it to permit, and what was a liability becomes a legal income unit in one of the tightest rental markets in California. The main house sells as-is; seller disclosures available. For the investor who understands that the spread is always made at acquisition, and that the deepest value is still found in the properties that ask something of you, this is the one. The opportunity has been waiting 43 years for the right hands. The question is whether those hands are yours. Close to Sherman Oaks Galleria, All Ventura Blvd Restaurants, Hiking Trails and easy access to 101 and 405... What else could you ask for... Read Less
Courtesy of Compass 818-783-7721
Listing Snapshot
Days Online
35
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
1,034
Lot Size
0.14 Acres
Year Built
1940
MLS Number
26820321
30 Days Snapshot Of 91403
$2.58M
+55%
(avg) sold price
2
-60%
homes sold
95
-12%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Gas/Electric Range", "Range/Oven"
Building
1,034 sq ft, Built in 1940, Levels: "One Level", "Detached/No Common Walls", "Ranch"
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