4503 Tobias Avenue, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 4 bed, 4 bath
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Sherman Oaks, California 91403
This Dual-Unit Residential Asset represents a rare "house-hack" configuration in prime Sherman Oaks, listed at $1,990,000 relative to a $1,872,725 Fair Market Value. Both 2015-built residences maintain a Good Condition Rating, featuring modern kitchens, high ceilings, and a serene Park/Greenbelt view. Located in the Los Angeles Unified district, the property offers a $4,000 market rent, private backyards, and a significant value-add opportunity to expand the front house. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to offset their mortgage.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4503 Tobias Avenue Subject | $1,785,000* List Price | 4 | 4 | 2,500 | $714 | - |
A 14620 Addison Street Sold | $1,515,000 | 4 | 3 | 2,452 | $618 | 0.5 mi |
B 15075 Rayneta Drive Sold | $1,974,000 | 3 | 3 | 2,217 | $890 | 0.8 mi |
C 14954 Hesby Street Sold | $1,619,000 | 5 | 4 | 2,200 | $736 | 0.7 mi |
D 4615 Cedros Avenue Sold | $2,300,000 | 4 | 3 | 2,870 | $801 | 0.2 mi |
E 4725 Cedros Avenue Sold | $1,860,000 | 3 | 2 | 2,741 | $679 | 0.3 mi |
F 5114 Cedros Avenue Sold | $1,950,000 | 4 | 5 | 2,778 | $702 | 0.7 mi |
G 14650 Lacota Place Sold | $1,675,000 | 3 | 2 | 2,028 | $826 | 0.6 mi |
H 15213 Del Gado Drive Sold | $1,475,000 | 3 | 3 | 1,687 | $874 | 0.8 mi |
I 14755 Valleyheart Drive Active | $1,649,000 List Price | 5 | 3 | 2,540 | $649 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was built and completely rebuilt in 2015, placing it just within the 10-20 year age bracket for a 'good' rating. Both units feature modern kitchens, laminate flooring, high ceilings, and updated systems such as tankless water heaters and central HVAC, making the property move-in ready with minimal wear and tear.
The property features two separate single-family homes on a single lot, providing exceptional flexibility for multi-generational living or high-yield rental income opportunities.
Situated just one block from Ventura Boulevard, the property offers unparalleled access to premium dining, shopping, and entertainment in one of the Valley's most sought-after neighborhoods.
Both residences were built or completely rebuilt in 2015, featuring contemporary open floor plans, high ceilings, and updated systems including central A/C and tankless water heaters.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7500, other record lot size in square feet = 6759. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2500, other record living area = 2364.
The rear unit is occupied under a lease through June 2026, which may restrict immediate flexibility for owner-users or those seeking to renovate the entire lot simultaneously.
The potential to add a second story is a significant value-add opportunity, but it requires extensive buyer due diligence and municipal permitting, adding complexity to expansion plans.
Location! Location! Location! Rare Sherman Oaks Opportunity! Ideally situated just one block from Ventura Boulevard, this exceptional property features two detached single-story homes on one lot, offering a unique opportunity for owner-users, investors, or multi-generational living. The front residence (4503) was completely rebuilt in 2015 and currently generates $3,650 per month in rental income. The rear residence (4501) was newly constructed in 2015 and is tenant-occupied on a month-to-month basis at $4,000 per month. Both homes feature desirable open-concept floor plans with high ceilings, modern kitchens, laminate flooring throughout, tankless water heaters, central heating and air conditioning, and in-unit laundry. Each residence enjoys its own private, fenced backyard, providing comfort and privacy for occupants. Parking is plentiful, with two private garages plus three additional uncovered spaces. Adding to the property's appeal is a potential value-add opportunity to build a second story on the front home, with the possibility of expanding to approximately 2,800 square feet (buyer to independently verify all development potential). Whether you're looking to live in one home while collecting rental income from the other, or seeking a strong income-producing investment, this rare Sherman Oaks property delivers outstanding flexibility and upside. One lot. Two homes. Endless possibilities. Contact the listing agent for additional details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,500 | 2,347 |
| Lot Size | 7,500 | 8,485 |
| Price | $1.78M | $1.81M |
| Price per sq ft | $714 | $827 |
| Built year | 2015 | 1956 |
| HOA | $0 | $0 |
| Days on market | 139 | 58 |
Jun 6, 2026
$1,785,000
$1,789,000
+0% Price Increase
Initial Listing
May 14, 2026
$1,789,000
$1,895,000
-6% Price Drop
Initial Listing
Apr 3, 2026
$1,895,000
$1,990,000
-5% Price Drop
Initial Listing
Mar 5, 2026
$1,990,000
Initial Listing