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4033 Cody Road, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 3 bed, 2 bath

4033 Cody Road, Sherman Oaks, California 91403 home-pic-0
ACTIVE$3,299,000
4033 Cody Road, Sherman Oaks, California 91403
3Beds
2Baths
2,148Sqft
40,205Lot
Year Built
1954
Close
-
List price
$3.3M
Original List price
$3.3M
Price/Sqft
$1,536
HOA
-
Days on market
-
Sold On
-
MLS number
SR25025649
Home ConditionFair
Features
Excellent View: City Lights, Mountain(s), Panoramic, Valley
Spa
Patio
ViewCity Lights,Mountain(s),Panoramic,Valley

About this home

Possibly Over-Priced:The estimated price is 15% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.30M(86th), sqft - 2148(34th), beds - 3(38th), baths - 2(29th).

Perched in the hills above Sherman Oaks, this exceptional property boasts one of the largest usable lots in the area, offering breathtaking panoramic views of the Valley. A rare development opportunity, this private corner lot comes with plans, renders and reports for a stunning 9,126 sf estate featuring 7 bedrooms and 9 bathrooms. Alternatively, the existing 3 bedroom, 2 bathroom mid-century modern home is move-in ready. It features a spacious layout that offers a grand living room, formal dining room, spacious eat-in kitchen and expansive backyard retreat with a lush grassy yard, generous patio space and glass-enclosed cabana - perfect for soaking in the spectacular views. With quick and convenient access to both the Valley and the Westside, this highly desirable location presents endless possibilities, whether you choose to build your dream estate or enjoy the charm of the existing home.

Condition Rating
Fair
The property was built in 1954, making it over 50 years old. While the listing states it is 'move-in ready,' the images reveal an interior that, while maintained, is significantly dated. The kitchen features light wood cabinets, older granite countertops, a mix of stainless steel (refrigerator) and older appliances (cooktop, wall oven), and large square tile flooring, along with dated track lighting. This suggests a renovation that likely occurred 15-25 years ago. Other areas show a mix of original mid-century elements (like the dining room's exposed beams and fireplace) and some older updates (mixed flooring, dated light fixtures). There are no clear images of the bathrooms, but based on the kitchen and other living areas, they are likely in a similar condition—functional but requiring significant aesthetic updates to meet current standards. The property is aged but maintained, fitting the 'Fair' category, as it requires minor updates or repairs to modernize.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40205, living area = 2148.
Exceptional Development Potential: The property presents a rare development opportunity with pre-approved plans, renders, and reports for a stunning 9,126 sqft estate, significantly enhancing its future value and appeal.
Expansive & Usable Lot: Boasting one of the largest usable lots in the area at over 40,000 sqft, it provides ample space for the proposed development or an expansive private retreat with a lush backyard.
Breathtaking Panoramic Views: Perched in the hills, the property offers breathtaking panoramic views of the Valley, city lights, and mountains, a highly sought-after and value-adding amenity.
Prime Hillside Location: Situated in a highly desirable Sherman Oaks hillside, it offers privacy, prestige, and convenient access to both the Valley and Westside amenities.
Versatile Investment Opportunity: The property offers immediate occupancy with a move-in ready mid-century modern home, providing flexibility for buyers to either enjoy the existing charm or embark on a significant development project.

Cons

Aggressive Pricing Strategy: The current listing price of $3.299M is 15% above the estimated market value, suggesting an aggressive pricing strategy that may require justification or negotiation.
Age of Existing Structure: Built in 1954, the existing mid-century modern home, while move-in ready, may require significant updates or renovations for buyers not pursuing the development option, especially compared to newer or recently renovated properties.
Modest Existing Home Size: The current 3-bedroom, 2-bathroom, 2,148 sqft home is relatively modest for the lot size and location, and significantly smaller than the proposed new estate, potentially limiting its appeal to buyers seeking a larger, updated residence without immediate development plans.

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