4703 Saloma Avenue, Sherman Oaks, CA 91403 (MLS # SR24072679)
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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.
| DAYS ON MARKET | 12 | LAST UPDATED | 4/26/2024 |
|---|---|---|---|
| YEAR BUILT | 1937 | COMMUNITY | Sherman Oaks |
| GARAGE SPACES | 2.0 | COUNTY | Los Angeles |
| STATUS | Conditional | PROPERTY TYPE(S) | Single Family |
| School District | Los Angeles Unified |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Sherman Oaks |
| BUYER'S BROKERAGE COMPENSATION | 2.250 % |
| GARAGE | Yes |
| HOA DUES | 0 |
| LOT | 6759 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LAR1 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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