Under Contract
4703 Saloma Avenue
Sherman Oaks CA, 91403
$1,650,000
$1,465.36 per sqft
Under Contract
2 Beds
1 Bath
1,126 sqft
Residential
Built in 1937
Listed by Robert Johnson with E H Realty 818-357-1081
Opportunity Awaits - RTI with permits. This prime piece of real estate in the heart of Sherman Oaks offers a unique opportunity for investors, real estate developers, and end-user clients alike. Key Features are its prime Location nestled in a desirable neighborhood, this property boasts proximity to vibrant city life, top-rated schools, and local amenities, making it an attractive option. Investment Potential. For the savvy investor or developer, the property promises an impressive after-repair value (ARV) increase of approximately 0.43%. This figure indicates a lucrative return on investment, capitalizing on the growing market demand in Sherman Oaks. An invaluable asset, the property comes with ready-to-issue permits, bypassing the typically lengthy and cumbersome process of securing building approvals from the city. This feature allows for an immediate start to development, saving time and resources. - Architectural Plans included are sophisticated and showcase a modern design with a flat roof. The highlight is a 360-degree panoramic city view of Sherman Oaks, offering a stunning visual experience. The plans also feature an Accessory Dwelling Unit (ADU) attached to the main house on the second floor. This versatile space is designed to function as a second primary bedroom, adding significant value and utility to the property. Ideal for Multiple Buyers; Real Estate Developers. With the low ARV and ready-to-issue permits, developers can swiftly turn this project around for a substantial profit. Investors, the property stands as a solid investment with its promising return and excellent location. End-Users - Those looking to create their dream home can tailor this space to their exact specifications, benefiting from the existing plans and permits. 4703 Saloma Ave represents a rare and enticing opportunity in Sherman Oaks. Whether you're looking to develop, invest, or create your perfect home, this property offers the foundation for a fruitful and rewarding endeavor. Act Now. Seize this chance to invest in one of Sherman Oaks' most promising properties.
SR24072679
MLSⓇ ID
April 11, 2024
Listed
April 27, 2024
Updated
Map
4703 Saloma Avenue
Sherman Oaks CA, 91403
Interior Features
Total Stories
1
Bedrooms
2
Total Bathrooms
1
Laundry Description
Inside
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.16 Acres
Lot Features
Back Yard, Front Yard
Sewer
Public Sewer
School Information
School District
Los Angeles Unified
Other Property Details
Area Name
SO - Sherman Oaks
Days on Market
1
Garage
Yes
Garage Spaces
2
Parking Total
2
View
No
View Description
None
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LAR1
Buyer Agency Compensation
2.25%
Listing History
Date | Event | Price |
---|---|---|
4/27/2024 | Under Contract | — |
Listing Contact: 818-357-1081
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/27/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 4/27/2024 at 3:09 PM UTC