4435 Mary Ellen, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 3 bed, 2 bath
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Sherman Oaks, California 91423
This property presents a High-Potential Investment Opportunity with a List Price of $1,800,000—positioned above the $1,523,896 Fair Market Value. While the current pricing reflects the premium location, the 10,133 square foot double-sized lot and private pool provide a significant canvas for luxury redevelopment. With a Condition Rating of 6, the existing structure is at the end of its functional life, making it a prime candidate for new construction. This is an ideal acquisition for Developers or Investors seeking to maximize value in Sherman Oaks.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4435 Mary Ellen Subject | $1,800,000* List Price | 3 | 2 | 1,690 | $902 | - |
A 13905 Milbank Street Sold | $1,295,000 | 2 | 2 | 1,648 | $786 | 0.9 mi |
B 4425 Stern Active | $1,430,000 List Price | 4 | 2 | 1,826 | $783 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1949 (>50 years old) with no mention of renovations, this property is marketed primarily for its land value and redevelopment potential. The listing explicitly targets developers and investors for 'luxury new construction' or 'complete remodel,' indicating the existing structure is at the end of its functional life.
The property features a rare 10,133 square foot double-sized lot, providing an expansive canvas for luxury redevelopment, significant expansion, or a premier outdoor estate.
Situated in one of the most sought-after neighborhoods, the home offers immediate proximity to Ventura Boulevard’s high-end shopping, dining, and entertainment corridors.
Marketed specifically for developers and investors, this property offers a unique opportunity to build generational wealth through a complete remodel or new construction in a high-demand area.
Built in 1949 and marketed as a redevelopment opportunity, the existing 1,690 square foot structure likely requires a total overhaul or demolition to meet modern luxury standards.
The property is positioned as a project rather than a turnkey home, which may exclude traditional owner-user buyers who are not prepared for the costs and timelines of major construction.
ATTENTION DEVELOPERS, INVESTORS, & OWNER-USERS! Rare opportunity in a prime Sherman Oaks location with incredible potential for renovation, expansion, or redevelopment. Situated on a double-sized lot with pool, this property offers endless possibilities for those looking to create value and build generational wealth. The existing home features 3 bedrooms, 2 bathrooms, and approximately 1,690 square feet of living space. Whether you're envisioning a complete remodel, luxury new construction, or maximizing the property's development potential, this oversized lot provides the flexibility to bring your vision to life. Ideal for developers, contractors, investors, or owner-users seeking a unique opportunity in one of Sherman Oaks' most desirable neighborhoods. Located just moments from Ventura Boulevard's shopping, dining, and entertainment, this property combines location, lot size, and opportunity in one exceptional offering. Opportunities like this in a prime Sherman Oaks location are rare—don't miss your chance to unlock the full potential of this remarkable property.
No exterior & parking available.
Grades K-5 • 2.1 mi
Grades K-5 • 2.2 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,690 | 2,347 |
| Lot Size | 10,133 | 8,485 |
| Price | $1.80M | $1.81M |
| Price per sq ft | $1.1K | $827 |
| Built year | 1949 | 1956 |
| HOA | $0 | $0 |
| Days on market | 0 | 58 |
Jun 22, 2026
$1,800,000
Initial Listing