15136 Clark Street, Sherman Oaks, California 91411, Sherman Oaks, 91411 - 3 bed, 2 bath
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Sherman Oaks, California 91411
This Value-Add Residential Asset is a High-Potential Investment Opportunity, listed at $1,550,000—positioned above the $1,373,303 Fair Market Value. While the price reflects a premium, the property features a Condition Rating of 4, offering a blank canvas for modernization. The expansive .25-acre flat lot provides significant development upside, including potential for an ADU or home expansion. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on the rare land-to-living area ratio in a prime Sherman Oaks location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15136 Clark Street Subject | $1,550,000* List Price | 3 | 2 | 1,776 | $795 | - |
A 5806 Noble Sold | $1,100,925 | 3 | 2 | 1,720 | $640 | 0.6 mi |
B 5326 Norwich Avenue Sold | $1,244,000 | 3 | 2 | 1,719 | $724 | 0.2 mi |
C 5512 Bevis Avenue Sold | $1,225,000 | 3 | 2 | 1,300 | $942 | 0.4 mi |
D 5351 Lemona Avenue Sold | $1,341,000 | 4 | 2 | 2,137 | $628 | 0.2 mi |
E 5460 Noble Avenue Active Under Contract | $1,250,000 List Price | 3 | 2 | 1,558 | $802 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947 and held by the same owner for 60 years, the property is well-maintained but dated. While it features some recent cosmetic improvements like newer flooring in the main living area and upgraded windows, the kitchen and bathrooms are significantly aged (>20 years) with older cabinetry, tile, and appliances. The home is functional and move-in ready but requires comprehensive updates to systems and finishes to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11174, living area = 1776.
The rare 11,171 sq. ft. flat lot provides significant value and versatility, offering ample space for a pool, home expansion, or the addition of an ADU in a high-demand area.
Situated on a quiet, tree-lined street in a highly desirable neighborhood, the property offers a perfect balance of residential tranquility and proximity to premier dining and shopping.
Given the home's 1947 construction and long-term ownership, it likely requires substantial modern updates and system renovations to meet contemporary luxury standards.
At a list price of $1.55M, the initial investment is high for a property that may necessitate significant additional capital for modernization and repairs.
LARGE .25 ACRE FLAT LOT! RE11 Zoning, Rare Sherman Oaks Gem on an Expansive Lot of Approx 11,171 sq ft. Per Assessor. This charming single-story home is available for the first time in over 60 years. Nestled on a quiet, tree-lined street in one of Sherman Oaks’ most desirable neighborhoods, this property offers a unique opportunity to create your forever home. This 1,776 sq ft per assessor, single story, one Level, 3 Bedroom, 2 Bath residence features a thoughtfully designed layout with a spacious great room that opens seamlessly to a lush, huge private backyard and patio. Surrounded by mature trees, the outdoor space is perfect for year-round entertaining, with ample room to add a pool or design your dream outdoor retreat, expand the home or add allowable ADU('s). The home includes a generous primary suite with a walk-in closet and private bathroom, along with two additional well-sized bedrooms and a second full bath—ideal for family, guests, or a home office. Additional highlights include, upgraded windows 2 cozy fireplaces and an open kitchen layout. A detached two-car garage provides excellent storage and offers potential for conversion into a studio, gym, or other lifestyle space. Conveniently located just minutes from premier shopping, dining, and entertainment, as well as easy freeway access, this property combines tranquility with accessibility. Don’t miss this rare opportunity to own a true Sherman Oaks treasure ready for its next chapter. Call for more info!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,776 | 2,347 |
| Lot Size | 11,174 | 8,485 |
| Price | $1.55M | $1.81M |
| Price per sq ft | $873 | $827 |
| Built year | 1947 | 1956 |
| HOA | $0 | $0 |
| Days on market | 33 | 58 |
Jun 19, 2026
$1,550,000
Initial Listing