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 Details
Price:
$1,650,000
MLS #:
SR24072679MR
Status:
Active
Beds:
2
Baths:
1
Address:
4703 Saloma AVE
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
shermanoaks
City:
SHERMAN OAKS
Listed Date:
Apr 11, 2024
State:
CA
Finished Sq Ft:
1,126
Year Built:
1937
Schools
Interior
Cooling
Central
Laundry
Inside
Exterior
Building Type
Detached
Common Walls
Detached/ No Common Walls
Community Features
Valley
Pool Description
None
Financial
Land Lease Type
Fee
See this Listing
Mortgage Calculator
Map
Community
- Address4703 Saloma AVE SHERMAN OAKS CA
- AreaSherman Oaks
- CitySHERMAN OAKS
- CountyLos Angeles
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Courtesy of Robert Johnson at E H Realty. The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2024-05-10.
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2024-05-10.
4703 Saloma AVE
SHERMAN OAKS, CA
LIGHTBOX-IMAGES