
Sherman Oaks, California 91403
This Strong Value Opportunity is a Single Family Residence listed at $1,699,000, positioned above the $1,582,933 Fair Market Value. While priced at a premium, the property features a Condition Rating of 3, offering a functional, move-in ready layout with modern updates. The 8,000sqft lot includes RTI plans for a 4,700sqft home and ADU, providing significant long-term upside. Located South of Ventura Blvd, this asset balances immediate livability with high-density development potential. It is an ideal acquisition for Developers or Owner-Occupants seeking a prime Sherman Oaks location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15440 Dickens Street Subject | $1,699,000* List Price | 3 | 3 | 1,956 | $809 | - |
A 15213 Del Gado Drive Sold | $1,475,000 | 3 | 3 | 1,687 | $874 | 0.5 mi |
B 15075 Rayneta Drive Sold | $1,974,000 | 3 | 3 | 2,217 | $890 | 0.7 mi |
C 15220 Valleyheart Drive Sold | $1,685,000 | 3 | 2 | 2,033 | $829 | 0.6 mi |
D 15435 Sutton Street Sold | $1,725,000 | 3 | 2 | 2,034 | $848 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1946 build date, the property appears well-maintained and move-in ready with clear evidence of renovations within the 5-15 year window. Photos show updated bathrooms with modern subway tile and glass enclosures, recessed lighting, and refinished hardwood floors. While marketed as a developer opportunity, the current structure is functional and in good condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7968, living area = 1956.
Situated South of Ventura Blvd in a highly desirable Sherman Oaks neighborhood, offering excellent proximity to the Galleria, vibrant dining, shopping, and convenient Westside access.
Features a generous lot of nearly 8,000 sqft complete with Ready-to-Issue (RTI) plans for a 4,700 sqft home and ADU, presenting a lucrative opportunity for developers or custom builders.
Originally built in 1946, the existing single-level ranch structure may require significant updates and modernization for buyers not looking to immediately redevelop.
The property listing indicates no scenic or panoramic views, which may limit its appeal for buyers prioritizing elevated vistas.
Charming single-level ranch in prime Sherman Oaks, South of Ventura Blvd.! Featuring 3 BR - 2.5 BA on a large, almost 8,000sqft lot. Spacious and bright living room features fireplace and adjacent formal dining area. Kitchen features pantry and breakfast area overlooking lush backyard and family room with French doors to patio. Primary suite opens to covered patio/seating area and yard. Lush backyard features large grassy area, citrus trees, mature trees/hedging for privacy, and the potential for a future ADU and/or pool. Centrally located, close to the Galleria, Ventura Blvd., and with convenient access to the Westside. Also a developer opportunity with RTI plans for approximately 4,700sqft house and ADU.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,956 | 2,347 |
| Lot Size | 7,968 | 8,485 |
| Price | $1.70M | $1.81M |
| Price per sq ft | $869 | $827 |
| Built year | 1946 | 1956 |
| HOA | $0 | $0 |
| Days on market | 37 | 58 |
Jun 15, 2026
$1,699,000
Initial Listing
Dec 30, 2024
$1,650,000
Public Record