4703 Saloma Avenue Sherman Oaks, CA 91403
Opportunity Awaits - RTI with permits. This prime piece of real estate in the heart of Sherman Oaks offers a unique opportunity for investors, real estate developers, and end-user clients alike. Key Features are its prime Location nestled in a desirable neighborhood, this property boasts proximity to vibrant city life, top-rated schools, and local amenities, making it an attractive option. Investment Potential. For the savvy investor or developer, the property promises an impressive after-repair value (ARV) increase of approximately 0.43%. This figure indicates a lucrative return on investment, capitalizing on the growing market demand in Sherman Oaks. An invaluable asset, the property comes with ready-to-issue permits, bypassing the typically lengthy and cumbersome process of securing building approvals from the city. This feature allows for an immediate start to development, saving time and resources. - Architectural Plans included are sophisticated and showcase a modern design with a flat roof. The highlight is a 360-degree panoramic city view of Sherman Oaks, offering a stunning visual experience. The plans also feature an Accessory Dwelling Unit (ADU) attached to the main house on the second floor. This versatile space is designed to function as a second primary bedroom, adding significant value and utility to the property. Ideal for Multiple Buyers; Real Estate Developers. With the low ARV and ready-to-issue permits, developers can swiftly turn this project around for a substantial profit. Investors, the property stands as a solid investment with its promising return and excellent location. End-Users - Those looking to create their dream home can tailor this space to their exact specifications, benefiting from the existing plans and permits. 4703 Saloma Ave represents a rare and enticing opportunity in Sherman Oaks. Whether you're looking to develop, invest, or create your perfect home, this property offers the foundation for a fruitful and rewarding endeavor. Act Now. Seize this chance to invest in one of Sherman Oaks' most promising properties.
- Property TypeSingle Family Home
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site11 Days
- MLS StatusActive Under Contract
- MLS ID NumberSR24072679
- Home Size Source Assessor
- Year Built1937
- Lot Size0.1552 Acres
- Full Baths1
- Partial BathsN/A
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General Features
- Parking Spaces 2
- Sewer Public Sewer
- Number of Stories 11
- Acreage 0.1552
- Water Public
- Property Sub Type Single Family Residence
- Garage Spaces 2
- Attached Garage Yes
- Zoning LAR1
- Listing Conditions Standard
Interior Features
- Cooling Central Air
- Fireplace Features None
- Laundry Features Inside
- Fireplace No
Exterior Features
- View None
- Pool Features None
- Lot Back YardFront Yard
Community Features
- Association Dues 0
- Community Features Valley
- Senior Community No
- MLS Area SO - Sherman Oaks