Active
4703 Saloma AVE
SHERMAN OAKS CA, 91403
$1,650,000
$1,465.36 per sqft
Active
2 Beds
1 Bath
1,126 sqft
Residential
Built in 1937
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.
SR24072679MR
MLSⓇ ID
April 11, 2024
Listed
May 9, 2024
Updated
Map
4703 Saloma AVE
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
Heating
No
Exterior/Building Features
Lot Size
0.16 Acres
Sewer
Public Sewer
School Information
School District
Los Angeles Unified
Other Property Details
Area Name
Sherman Oaks
Days on Market
12
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
Listing History
Date | Event | Price |
---|---|---|
5/9/2024 | Active | — |
4/27/2024 | Under Contract | — |
Listed by Robert Johnson with E H Realty
Listing Contact: 8185342400
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Jordan Pollack shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/9/2024