5504 Tyrone Avenue, Sherman Oaks, California 91401, Sherman Oaks, 91401 - 3 bed, 2 bath
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Sherman Oaks, California 91401
Analysis of 5504 Tyrone Avenue, Sherman Oaks, California 91401 is currently available with a list price of $2,299,000. 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.
The property was built in 1946 (80 years old) with no mention of significant renovations. It is explicitly marketed as a developer opportunity with preliminary plans for an 8-unit SB9 subdivision, indicating the value lies in the land rather than the aging structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18717, living area = 2379.
The property is positioned as a prime development opportunity with preliminary SB9 plans for an 8-unit project, including two duplexes and four ADUs, maximizing the site's density and investment return.
At over 18,700 square feet, this oversized lot in the prestigious Chandler Estates area provides a rare scale for the neighborhood, offering immense flexibility for a luxury estate or multi-unit subdivision.
With a list price of nearly $2.3 million, the high acquisition cost requires a developer with significant capital and a clear exit strategy to ensure profitability after construction costs.
Built in 1946, the current 3-bedroom home likely requires extensive modernization or demolition to reach the property's highest and best use, which may deter traditional owner-user buyers.
Owner user or developer opportunity- Large lot in Sherman Oaks, Chandler Estates area, to be delivered with preliminary plans under SB9 subdivision of two lots. Each lot has plans for a two-story duplex, approx. 1,700sqft each, as well as two ADUs approx. 850 sqft. each. Plans for a total of 8 units, 4 per lot (one duplex and two ADUs each lot). Currently a charming one-story home, 3 BR - 2 BA in over 2,300 sqft on large gated lot with pool. Call listing agent for additional information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,379 | 2,347 |
| Lot Size | 18,717 | 8,485 |
| Price | $2.30M | $1.81M |
| Price per sq ft | $966 | $827 |
| Built year | 1946 | 1956 |
| HOA | $0 | $0 |
| Days on market | 35 | 58 |
Jun 17, 2026
$2,299,000
Initial Listing
Sep 9, 2024
$2,250,000
Public Record
Feb 28, 2022
$1,825,000
Public Record
Feb 2, 2006
$1,050,000
Public Record