
Sherman Oaks, California 91403
This property presents a High-Potential Investment Opportunity with a List Price of $1,100,000—positioned above the $1,033,669 Fair Market Value. While the home carries a Condition Rating of 4, its 6,000 sq ft lot and ADU potential provide significant upside for forced appreciation. The existing detached 2-car garage and functional layout offer a solid foundation for expansion in a prime Sherman Oaks location. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage land value and development potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15224 La Maida Subject | $1,040,000* List Price | 2 | 1 | 799 | $1,267 | - |
A 5136 Noble Ave Sold | $1,080,000 | 2 | 1 | 1,006 | $1,074 | 0.4 mi |
B 14813 Hartsook Sold | $1,033,500 | 2 | 2 | 1,056 | $979 | 0.7 mi |
C 14822 Otsego Street Sold | $1,256,250 | 2 | 1 | 1,094 | $1,148 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1939, the home features a renovation that appears to be 20-25 years old, characterized by dated honey oak cabinetry and white tile countertops. While the property is well-maintained, functional, and includes newer stainless steel appliances, the overall finishes and systems are aged and will require modernization.
The nearly 6,000 sq ft lot offers significant opportunity for expansion or the addition of an ADU, especially given the existing detached garage and neighboring precedents.
Situated in a highly desirable Sherman Oaks neighborhood, the property provides excellent proximity to Ventura Blvd's amenities and convenient access to both the 405 and 101 freeways.
The large, fully fenced backyard features mature lemon and loquat trees, offering a private and versatile space for entertaining or pets.
With only 799 square feet of living space and a single bathroom, the current structure may be too small for many modern families without immediate expansion.
The $1.1M list price represents a very high cost per square foot, indicating that the value is primarily in the land and location rather than the existing dwelling.
Set on a spacious nearly 6,000 sq ft lot in the heart of Sherman Oaks, this charming and well-maintained 2-bedroom, 1-bath home is full of opportunity. With 799 sq ft of living space and a large backyard, the property offers incredible potential to expand the existing home, add an ADU, or create the outdoor space you’ve always envisioned — with an ADU already built next door, the possibilities are easy to imagine. Inside, you’ll find a functional layout with bright living spaces, a dedicated laundry room conveniently located off the kitchen, and a home that has been lovingly cared for over the years. The detached 2-car garage is set back from the street, providing added privacy and flexibility for future possibilities. The fully fenced backyard is perfect for dogs, entertaining, or simply enjoying the Southern California weather, complete with mature lemon and loquat trees that add charm and character to the outdoor space. Located in one of Sherman Oaks’ most desirable neighborhoods, this is the kind of street where neighbors walk their dogs and enjoy the peaceful residential feel while still being moments from everything. Situated within the highly sought-after and award-winning Kester Avenue Elementary School district and walking distance to local shops, restaurants, and markets, the location offers the perfect balance of convenience and community. Just minutes to both the 405 and 101 freeways for an easy commute, and close to Ventura Boulevard’s endless dining, shopping, and entertainment. Whether you’re looking for a move-in ready starter home, an investment opportunity, or a property with room to grow, this home offers the perfect blend of charm, location, and potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 13% |
| Baths | 1.0 | 3.0 | 9% |
| Square foot | 799 | 2,601 | 2% |
| Lot Size | 5,946 | 9,181 | 6% |
| Price | $1.04M | $1.86M | 4% |
| Price per sq ft | $1.3K | $826 | 98% |
| Built year | 1939 | 1954 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 151 | 6% |
Jun 1, 2026
$1,040,000
$1,100,000
-5% Price Drop
Initial Listing
May 7, 2026
$1,100,000
Initial Listing