4509 Matilija Avenue, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 2 bed, 2 bath
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Sherman Oaks, California 91423
Analysis of 4509 Matilija Avenue, Sherman Oaks, California 91423 is currently available with a list price of $1,600,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Sherman Oaks Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1948 with no evidence of major renovations, this property is positioned as a land-value opportunity. The listing analysis explicitly describes it as a 'prime candidate for a complete rebuild' and notes that the $1.6M price point reflects the value of the expansive 11,495 sqft lot rather than the modest 1,022 sqft existing structure. The lack of interior photos and the focus on development potential suggest the original home is likely at the end of its functional lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11495, living area = 1022.
Elementary School: Warner Avenue Elementary School (9/10).
The property features a generous 11,495 square foot lot, offering rare and significant space for potential expansion, an ADU, or a large-scale outdoor oasis in a prime Sherman Oaks location.
At a list price of $1.6 million for approximately 1,000 square feet of living space, the property commands a premium price that primarily reflects land value rather than the existing structure.
The original 1948 structure offers limited interior space with only two bedrooms, which may not meet the needs of modern families without a substantial additional investment in construction.
24 hour notice for all showings.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 2.1 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 9% |
| Baths | 2.0 | 3.0 | 39% |
| Square foot | 1,022 | 2,305 | 2% |
| Lot Size | 11,495 | 7,496 | 89% |
| Price | $1.60M | $1.72M | 40% |
| Price per sq ft | $1.6K | $821 | 99% |
| Built year | 1948 | 1951 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 177 | 4% |
Mar 21, 2026
$1,600,000
Initial Listing