3928 Madelia Avenue, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 1 bed, 1 bath
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Sherman Oaks, California 91403
Analysis of 3928 Madelia Avenue, Sherman Oaks, California 91403 is currently available with a list price of $999,900. 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.
Built in 1949 (75 years old) with no recorded renovations. At only 418 sqft on a 10,000+ sqft lot, the listing is marketed primarily for its land value and the potential to build a custom home, fitting the criteria for a property where the value is in the land rather than the structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10027, living area = 418.
The expansive 10,027-square-foot lot provides a rare opportunity in Sherman Oaks to either expand the existing cottage or build a large-scale custom dream home from the ground up.
Situated in a highly sought-after neighborhood, the property offers a peaceful, secluded atmosphere while remaining minutes away from top-tier dining, shopping, and entertainment.
At only 418 square feet, the current structure is exceptionally small, making it more of a studio alternative or a teardown rather than a functional residence for most buyers.
With a list price near $1 million for minimal square footage, the value is almost entirely in the land, which may be a barrier for those not looking for a major construction project.
Tucked away on a generous lot in one of Sherman Oaks' most charming neighborhoods, this delightful cottage offers the warmth and character of a cozy cabin in the woods. Surrounded by mature greenery, it's the perfect retreat while remaining just minutes from the area's best shopping, dining, and entertainment. An ideal alternative to a studio or condominium, this home provides everything you need today with endless possibilities for tomorrow. Expand the existing residence to create additional living space, or take advantage of the spacious lot to design and build the custom home you've always envisioned. Whether you're looking for a peaceful starter home, investment opportunity, or future dream-home site, the choice is yours. Drive By first before asking for a showing. Please do not disturb Tenants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 4.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 418 | 2,347 |
| Lot Size | 10,027 | 8,485 |
| Price | $999.9K | $1.81M |
| Price per sq ft | $2.4K | $827 |
| Built year | 1949 | 1956 |
| HOA | $0 | $0 |
| Days on market | 22 | 58 |
Jun 30, 2026
$999,900
Initial Listing