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14800 Mccormick, Sherman Oaks, California 91411, Sherman Oaks, 91411 - 4 bed, 4 bath

14800 Mccormick, Sherman Oaks, California 91411 home-pic-0
ACTIVE UNDER CONTRACT$1,499,000
14800 Mccormick, Sherman Oaks, California 91411
4Beds
4Baths
2,601Sqft
6,835Lot

Price Vs. Estimate

The estimated value ($1,630,907.86) is $131,907.86 (8%) higher than the list price ($1,499,000). This property may be underpriced.

Key pros and cons

Top Pros:
Prime Location: Situated on a quiet, tree-lined street in Sherman Oaks, offering convenient access to Ventura Blvd's premier dining, shopping, and entertainment, enhancing its desirability.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2601, other record living area = 1734. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.

Compared to the nearby listings

Price:$1.50M vs avg $1.15M (+$349,000)77%
Size:2,601 sqft vs avg 1,474 sqft86%
Price/sqft:$576 vs avg $73114%

More Insights

Built in 1950 (75 years old).
Condition: Although the original structure was built in 1950, the listing explicitly states this is a 'new construction opportunity' with 'RTI (Ready-To-Issue) plans' and is currently in the 'framing stage.' The provided images are high-quality renderings showcasing a fully modern, high-end home upon completion. The planned kitchen features contemporary cabinetry, a large island, and modern appliances, while the bathrooms display sleek floating vanities, backlit mirrors, and stylish fixtures. All depicted components are new, meet current quality standards, and reflect a recent, extensive renovation or new build, aligning perfectly with the 'excellent' condition criteria for a completed property.
Year Built
1950
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$576
HOA
-
Days on market
-
Sold On
-
MLS number
SR25259086
Home ConditionExcellent
Features
Deck
Pool
Spa
Patio
View-

About this home

Calling all investors, developers, and end users, this is your chance to secure a rare single-story new construction opportunity in the heart of Sherman Oaks. Currently under construction and being sold as-is, this property comes with RTI (Ready-To-Issue) plans, allowing you to step in and take the project across the finish line. The home is in the framing stage, offering flexibility to customize finishes, layout details, and design elements to your taste or project goals. Once completed, it will feature modern architecture, an open-concept floor plan, and seamless indoor-outdoor flow, ideal for today’s lifestyle. Located on a quiet, tree-lined street close to Ventura Blvd’s premier dining, shopping, and entertainment, this property combines convenience with the charm of a sought-after neighborhood. Whether you’re an investor looking for your next profitable build or a homeowner ready to create your dream residence, this is an exceptional opportunity to realize your vision in one of Los Angeles’ most desirable communities.

Price History

Date
Event
Price
01/31/24
Sold
$1,250,000
12/03/03
Sold
$550,000
Condition Rating
Excellent
Although the original structure was built in 1950, the listing explicitly states this is a 'new construction opportunity' with 'RTI (Ready-To-Issue) plans' and is currently in the 'framing stage.' The provided images are high-quality renderings showcasing a fully modern, high-end home upon completion. The planned kitchen features contemporary cabinetry, a large island, and modern appliances, while the bathrooms display sleek floating vanities, backlit mirrors, and stylish fixtures. All depicted components are new, meet current quality standards, and reflect a recent, extensive renovation or new build, aligning perfectly with the 'excellent' condition criteria for a completed property.
Pros & Cons

Pros

Prime Location: Situated on a quiet, tree-lined street in Sherman Oaks, offering convenient access to Ventura Blvd's premier dining, shopping, and entertainment, enhancing its desirability.
RTI Plans Included: Comes with Ready-To-Issue (RTI) plans, significantly streamlining the development process and reducing the time and uncertainty typically associated with new construction permits.
Customization Opportunity: Currently in the framing stage, allowing the buyer unparalleled flexibility to customize finishes, layout details, and design elements to their specific taste or project goals.
Modern Design Potential: Once completed, the property is designed to feature modern architecture, an open-concept floor plan, and seamless indoor-outdoor flow, aligning with contemporary lifestyle demands.
Investment & Development Potential: Presents a rare opportunity for investors, developers, or end-users to create a profitable build or a dream residence in a highly sought-after Los Angeles community.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2601, other record living area = 1734. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Incomplete Construction: The property is currently under construction and only in the framing stage, meaning it is not move-in ready and requires significant work to complete.
As-Is Sale: Being sold in 'as-is' condition, which may imply potential for unforeseen costs or issues that the buyer will be responsible for addressing during the completion phase.
Significant Time & Capital Investment: Requires a substantial financial and time commitment from the buyer to take the project across the finish line, as it is not a turnkey property.

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