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4348 Sepulveda Boulevard, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 3 bed, 4 bath

4348 Sepulveda Boulevard, Sherman Oaks, California 91403 home-pic-0
ACTIVE$1,800,000
4348 Sepulveda Boulevard, Sherman Oaks, California 91403
3Beds
4Baths
3,024Sqft
12,004Lot

Price Vs. Estimate

The estimated value ($1,328,841.035) is $471,158.965 (26%) lower than the list price ($1,800,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location: Situated in a highly desirable 'South of the Boulevard' Sherman Oaks location, offering unbeatable access to Whole Foods, The Sherman Oaks Galleria, and major freeways (405 & 101).
Top Cons:
Significant Price Discrepancy: The listing price of $1.8M is substantially higher (approx. 35%) than the estimated property value of $1.33M, which may deter potential buyers or indicate an aggressive pricing strategy.

Compared to the nearby listings

Price:$1.80M vs avg $2.10M ($-300,000)32%
Size:3,024 sqft vs avg 2,699.5 sqft55%
Price/sqft:$595 vs avg $81012%

More Insights

Built in 1961 (64 years old).
Condition: Built in 1961, this property is explicitly marketed as an 'opportunity for development, remodeling, or customizing your dream home,' indicating it requires substantial rehabilitation. The description notes an 'expansive kitchen ready for your vision,' strongly suggesting it is outdated and needs a full renovation. While some interior rooms show recent cosmetic updates like laminate flooring and modern light fixtures, these are superficial and do not address the age of the major systems or the condition of the kitchen and bathrooms (which are not pictured, implying they are not a selling point). The exterior shows a cracked driveway and unmaintained landscaping. Overall, the property requires significant capital investment to bring it to modern standards, aligning with the 'Poor' condition criteria.
Year Built
1961
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$595
HOA
-
Days on market
-
Sold On
-
MLS number
25544749
Home ConditionPoor
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Attention Developers, Investors, and Savvy End Users! Exceptional opportunity awaits in prime Sherman Oaksideal for development, remodeling, or customizing your dream home. Nestled behind a private circular driveway, this property offers seclusion and tranquility, creating a peaceful retreat. Set on an expansive 12,000 sq ft lot, the possibilities for transformation and value-add are endless. Property spanning 3,024 sq ft, the main home has 3 bedrooms, 2 baths, including a generous sized living area and expansive kitchen ready for your vision. The front of the property provides an additional studio + bath. Located South of the Boulevard, you'll enjoy unbeatable access to Whole Foods, The Sherman Oaks Galleria and the 405 & 101 freeways making this a perfect location for both convenience and lifestyle. Don't miss your chance to unlock the value of this rare find in one of LA's most desirable neighborhoods.

Condition Rating
Poor
Built in 1961, this property is explicitly marketed as an 'opportunity for development, remodeling, or customizing your dream home,' indicating it requires substantial rehabilitation. The description notes an 'expansive kitchen ready for your vision,' strongly suggesting it is outdated and needs a full renovation. While some interior rooms show recent cosmetic updates like laminate flooring and modern light fixtures, these are superficial and do not address the age of the major systems or the condition of the kitchen and bathrooms (which are not pictured, implying they are not a selling point). The exterior shows a cracked driveway and unmaintained landscaping. Overall, the property requires significant capital investment to bring it to modern standards, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Prime Location: Situated in a highly desirable 'South of the Boulevard' Sherman Oaks location, offering unbeatable access to Whole Foods, The Sherman Oaks Galleria, and major freeways (405 & 101).
Development & Value-Add Potential: Explicitly marketed as an exceptional opportunity for developers, investors, or end-users seeking to remodel or customize, indicating significant potential for future value appreciation.
Expansive Lot Size: Set on a generous 12,000 sq ft lot, providing ample space for expansion, landscaping, or adding additional amenities.
Additional Studio Unit: Includes an additional studio with a bath, offering versatile options for a home office, guest quarters, or potential rental income.
Desirable City Lights View: The property boasts a desirable 'City Lights' view, enhancing its aesthetic appeal and potential market value.

Cons

Significant Price Discrepancy: The listing price of $1.8M is substantially higher (approx. 35%) than the estimated property value of $1.33M, which may deter potential buyers or indicate an aggressive pricing strategy.
Requires Extensive Renovation: The description implies the property is not move-in ready, with phrases like 'ready for your vision' and 'ideal for remodeling,' suggesting significant capital investment will be required.
Age of Property: Built in 1961, the home is over 60 years old, likely indicating outdated systems, infrastructure, and aesthetics that will need updating during renovation.

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