4703 Saloma Avenue

Sherman Oaks, CA 91403

$1,650,000

Listed Price
2

bed Beds

1

shower Baths

1,126 sqft

straighten $1,465 / sqft

1937

calendar_month Built

Property Description

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.

Interior Features

Bedroom Information
Bedrooms 2
Bathroom Information
Bathrooms 1
Fireplace Information
Features None
Interior Information
Cooling Type Central Air

Listing Information

Address 4703 Saloma Avenue
City Sherman Oaks
State CA
Zip 91403
County Los Angeles
Listing Agent Robert Johnson DRE#01838562
Courtesy Of E H Realty
MLS SR24072679
List Price $1,650,000
Status Active
Type Residential
Subtype Single Family Residence
Structure Size 1,126
Lot Size 6,759
Year Built 1937
DOM 13

Exterior Information

Maps

Listing information courtesy of: Robert Johnson, E H Realty . *Based on information from the Association of REALTORS/Multiple Listing as of May 8th, 2024 at 5:49 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.