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$875,000
Est. payment /mo
2 Beds
1 Bath
1,034 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,034 sqft
Price per Sqft $846
MLS Listing ID CL26820321
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1940
Lot Size 6,077 Sqft
Acres 0.1395
Property Sub-Type Single Family Residence
Property Description
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. 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...
Location
State CA
County Los Angeles
Zoning LAR1
Interior
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplaces Type Decorative, Living Room
Fireplace Yes
Appliance Gas Range
Exterior
Exterior Feature Back Yard
Pool None
View Y/N false
View None
Private Pool false
Building
Lot Description Back Yard
Story 1
Water Public
Architectural Style Ranch
Level or Stories One Story
New Construction No
Others
Tax ID 2263018013
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Listed by Gloria Carmona • Compass