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4622 Burnet Avenue, Sherman Oaks, California 91403, Sherman Oaks, 91403 - 3 bed, 3 bath

4622 Burnet Avenue, Sherman Oaks, California 91403 home-pic-0
ACTIVE$1,675,000
4622 Burnet Avenue, Sherman Oaks, California 91403
3Beds
3Baths
2,356Sqft
8,081Lot

Price Vs. Estimate

The estimated value ($1,141,172.765) is $533,827.235 (31%) lower than the list price ($1,675,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location: Situated in the highly desirable 'Heart of Sherman Oaks,' just two blocks north of Ventura Blvd, offering proximity to top restaurants, cafes, and the Sherman Oaks Galleria.
Top Cons:
Requires Extensive Renovation: The property, built in 1940, is presented as an opportunity for buyers 'not afraid to remodel,' indicating a need for significant upgrades and investment to modernize and add value.

Compared to the nearby listings

Price:$1.68M vs avg $2.10M ($-425,000)29%
Size:2,356 sqft vs avg 2,646 sqft42%
Price/sqft:$711 vs avg $81029%

More Insights

Built in 1940 (85 years old).
Condition: Built in 1940, this property is 84 years old. The listing description explicitly states it offers 'exceptional potential for end-users with vision and not afraid to remodel their next home' and is 'ideal for building a striking two-story spec home, with room for an ADU and a pool.' This language, coupled with the complete absence of interior photos (especially of the kitchen and bathrooms), strongly suggests the existing structure is considered to be at the end of its useful life or requires demolition to realize the land's full potential. The value is clearly being marketed based on the land and redevelopment opportunity, aligning with the 'tear-down' criteria.
Year Built
1940
Close
-
List price
$1.68M
Original List price
$1.7M
Price/Sqft
$711
HOA
-
Days on market
-
Sold On
-
MLS number
SR25124573
Home ConditionTear down
Features
Deck
View-

About this home

Priced way below market value in the Heart of Sherman Oaks! Just two blocks north of Ventura Blvd, this property offers exceptional potential for end-users with vision and not afraid to remodel their next home. Upgrade, add value, and enjoy the upside, whether you're purchasing it as your next home, investment project, or a visionary opportunity as a builder, investor, or end-user. Set on an expansive 8,081 sq ft lot, it’s ideal for building a striking two-story spec home, with room for an ADU and a pool. Located on a quiet, residential street with quick access to the 405 and 101 Freeways, it provides unbeatable connectivity—whether you're heading east, west, north, or south, you're within 20 minutes from the westside. Enjoy proximity to public transit, top restaurants, cafés, the Sherman Oaks Galleria, and more. A rare and lucrative opportunity in one of LA’s most desirable neighborhoods. Schedule a private showing today!

Condition Rating
Tear down
Built in 1940, this property is 84 years old. The listing description explicitly states it offers 'exceptional potential for end-users with vision and not afraid to remodel their next home' and is 'ideal for building a striking two-story spec home, with room for an ADU and a pool.' This language, coupled with the complete absence of interior photos (especially of the kitchen and bathrooms), strongly suggests the existing structure is considered to be at the end of its useful life or requires demolition to realize the land's full potential. The value is clearly being marketed based on the land and redevelopment opportunity, aligning with the 'tear-down' criteria.
Pros & Cons

Pros

Prime Location: Situated in the highly desirable 'Heart of Sherman Oaks,' just two blocks north of Ventura Blvd, offering proximity to top restaurants, cafes, and the Sherman Oaks Galleria.
Development Potential: An expansive 8,081 sq ft lot provides significant potential for building a striking two-story spec home, with ample room for an ADU and a pool.
Excellent Freeway Access: Offers quick access to the 405 and 101 Freeways, ensuring unbeatable connectivity and a short commute to the Westside.
Large Lot Size: The generous 8,081 sq ft lot provides substantial space for expansion, landscaping, or new construction, enhancing its long-term value.
Quiet Residential Setting: Located on a quiet, residential street, contributing to a peaceful living environment despite its central location.

Cons

Requires Extensive Renovation: The property, built in 1940, is presented as an opportunity for buyers 'not afraid to remodel,' indicating a need for significant upgrades and investment to modernize and add value.
Overpriced Relative to Estimated Value: The listing price of $1.675M is significantly higher than the estimated property value of $1.14M, suggesting it may be overvalued compared to current market assessments.
Lack of Views: The property explicitly states 'view: None,' which could be a disadvantage in a competitive market where views often command a premium.

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