4116 Greenbush Avenue, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 3 bed, 4 bath

4116 Greenbush Avenue, Sherman Oaks, California 91423 home-pic-0
ACTIVE$2,549,000
4116 Greenbush Avenue, Sherman Oaks, California 91423
3Beds
4Baths
2,121Sqft
8,833Lot
Year Built
1936
Close
-
List price
$2.55M
Original List price
$2.65M
Price/Sqft
$1,202
HOA
-
Days on market
-
Sold On
-
MLS number
GD25153765
Home ConditionTear down
Features
Pool
Spa
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.55M(72th), sqft - 2121(41th), beds - 3(41th), baths - 4(57th).

Presenting 4116 Greenbush Ave — a truly rare development opportunity nestled in one of the most sought-after pockets of Sherman Oaks, south of Ventura Blvd. This expansive 8,833 sq ft lot offers shovel-ready plans to build a Modern European estate totaling over 6,450 sq ft of living space. Designed by the renowned SLS Properties Inc., the vision includes a 5-bedroom, 5.5-bathroom main home and a 1-bedroom, 1-bath ADU—ideal for guests or added rental value. The thoughtfully designed floor plan boasts a basement complete with a gym and theater, a Control4 smart home system, a luxurious speakeasy-style butler’s kitchen, and elegant indoor-outdoor living highlighted by a private pool and spa. A formal construction bid is available with or without the basement, and estimated build time is just 8–9 months. This is more than a home—it’s your chance to create legacy living with the potential for $1M+ in immediate equity. Lots of this size and location rarely come to market. Act now and bring your dream home to life.

Nearby schools

9/10
Kester Avenue Elementary School
Public,K-52.4mi
6/10
Erwin Elementary School
Public,K-52.7mi
6/10
John B. Monlux Elementary School
Public,K-52.7mi
9/10
Roscomare Road Elementary School
Public,K-52.8mi
8/10
Lanai Road Elementary School
Public,K-53.8mi
9/10
Warner Avenue Elementary School
Public,K-55.2mi
2/10
Van Nuys Middle School
Public,6-82.2mi
6/10
Walter Reed Middle School
Public,6-82.4mi
5/10
James Madison Middle School
Public,6-83.7mi
5/10
William Mulholland Middle School
Public,6-85.5mi
3/10
William Mulholland Middle School
Public,6-85.7mi
6/10
Ulysses S. Grant Senior High School
Public,9-122.3mi
8/10
North Hollywood Senior High School
Public,9-122.6mi
6/10
Van Nuys Senior High School
Public,9-123.5mi
6/10
University Senior High School
Public,9-127.1mi
6/10
University Senior High School Charter
Public,9-127.1mi

Price History

Date
Event
Price
08/05/25
$2,549,000
07/11/25
$2,650,000
Condition Rating
Tear down

This listing is explicitly marketed as a 'development opportunity' with 'shovel-ready plans to build a Modern European estate.' The property was built in 1936, which is over 50 years ago. The images provided are renderings of the proposed new construction, not the existing structure. This indicates that the value of the property lies in the land and its potential for redevelopment, implying the current structure is considered a tear-down.
Pros & Cons

Pros

Prime Location: Nestled in a highly sought-after pocket of Sherman Oaks, south of Ventura Blvd, offering desirability and strong market appeal.
Shovel-Ready Development Opportunity: Comes with pre-approved, shovel-ready plans for a 6,450+ sq ft Modern European estate and ADU, significantly streamlining the building process.
Expansive Lot Size: Features a generous 8,833 sq ft lot, a rare find in this desirable area, allowing for a substantial luxury new build.
Significant Equity Potential: Advertised potential for over $1M in immediate equity upon completion, making it an attractive investment for developers or custom home builders.
Luxury Design & Features (Proposed): The proposed plans include high-end amenities such as a basement gym/theater, Control4 smart home system, butler’s kitchen, private pool/spa, and a separate ADU.

Cons

Substantial Additional Investment Required: The listed price is for the land and plans; the buyer must fund the multi-million dollar construction of the new home, which is a significant additional cost.
Current Structure is a Tear-Down: The existing 1936 property is effectively a tear-down, meaning the buyer incurs demolition costs and cannot utilize the current structure.
Construction Risk & Time Commitment: Despite shovel-ready plans, the project involves a significant construction period (estimated 8-9 months) and inherent risks of potential delays or cost overruns.

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