15206 La Maida, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 5 bed, 6 bath
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Sherman Oaks, California 91403
Analysis of 15206 La Maida, Sherman Oaks, California 91403 is currently available with a list price of $1,159,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Sherman Oaks Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
This is a shovel-ready development project with RTI permits rather than a completed home. The images provided are architectural renderings for a future 2026 build, and the listing is priced for land value and approved plans.
The property is delivered with Ready-to-Issue (RTI) permits and fully approved plans, allowing an investor to bypass the lengthy entitlement process and begin construction immediately.
With a list price of $1.259M and comparable new construction in the area selling for over $3.4M, there is a substantial equity spread for builders or custom home seekers.
The approved plans feature a detached Accessory Dwelling Unit (ADU), providing high-value flexibility for rental income, a guest house, or a sophisticated home office.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6045, other record lot size in square feet = 5943. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3226, other record living area = 946. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
This is a ground-up development project rather than a move-in ready home, requiring the buyer to manage construction costs, timelines, and contractor oversight.
As a development site, the property likely requires cash or specialized construction financing, which may exclude traditional buyers relying on standard residential mortgages.
Investors !! Unlock the potential of this exceptional development project located in one of Sherman Oaks’ most coveted and prestigious neighborhoods. This is a true "shovel-ready" opportunity, delivered with Ready-to-Issue (RTI) permits and fully approved plans, allowing you to break ground immediately and bypass the lengthy entitlement process. Designed with modern luxury and maximum ROI in mind, the plans feature a sophisticated main residence of 4bd/4bth complemented by a detached Accessory Dwelling Unit (ADU) 1bd/1bth —, a private guest house, or a high-end home office. Totaling a 5bd/5bth 3000+ sqft. With comparable new construction projects in the immediate area selling for $3,400,000+, this project offers a significant equity spread for builders or a dream custom home for an end-user.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 86% |
| Baths | 6.0 | 3.0 | 92% |
| Square foot | 3,226 | 2,569.5 | 78% |
| Lot Size | 6,045 | 8,989.5 | 6% |
| Price | $1.16M | $1.85M | 6% |
| Price per sq ft | $359 | $814 | 2% |
| Built year | 2026 | 1954 | 98% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 152 | 4% |
Jun 1, 2026
$1,159,000
$1,189,000
-3% Price Drop
Initial Listing
May 29, 2026
$1,189,000
$1,199,000
-1% Price Drop
Initial Listing
May 22, 2026
$1,199,000
$1,249,000
-4% Price Drop
Initial Listing
May 14, 2026
$1,249,000
$1,259,000
-1% Price Drop
Initial Listing
May 3, 2026
$1,259,000
Initial Listing
May 2, 2026
$1,250,000
Initial Listing
Jan 12, 2024
$990,000
Public Record