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Eric Benz & Courtney McCarson

info@mccarsonbenz.com +1(818) 693-2575

$ 875,000

Est. payment | -/mo

2 Beds

1 Bath

1,034 SqFt

Save

$ 875,000

Est. payment | -/mo

Save

2 Beds

1 Bath

1,034 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,034 sqft

Price per Sqft $846

MLS Listing ID 26820321

Bedrooms 2

Full Baths 1

Construction Status Fixer

HOA Y/N No

Year Built 1940

Lot Size 6,076 Sqft

Property Sub-Type Single Family Residence

Property Description

Priced for the buyer who sees the opportunity in what others don't. A rough diamond in the heart of Sherman Oaks has come to the market for first time in 43 years, and for the right investor, flipper, developer, or savvy homeowner, that single fact is enough to start building. This is a 2 bed / 1 bath ranch with bones that do the talking: original hardwood floors that refinish beautifully, vaulted beamed ceilings that define the room before a single dollar of renovation is spent, a brick fireplace, and a covered front porch framed by a mature fig tree that no amount of new construction can replicate. The lot runs deep and at the rear sits a separate structure of approximately 700 square feet that is the real conversation. No permits available, it currently has a known mold issue. Both are fully disclosed. Both are reflected in the price. And both represent exactly the kind of work that separates a good return from a great one, because, a permitted ADU on a Sherman Oaks lot is not a bonus feature, it is a cash-flowing asset. Remediate the structure, bring it to permit, and what was a liability becomes a legal income unit in one of the tightest rental markets in California. The main house sells as-is; seller disclosures available. For the investor who understands that the spread is always made at acquisition, and that the deepest value is still found in the properties that ask something of you, this is the one. The opportunity has been waiting 43 years for the right hands. The question is whether those hands are yours. Close to Sherman Oaks Galleria, All Ventura Blvd Restaurants, Hiking Trails and easy access to 101 and 405... What else could you ask for...

Location

State CA

County Los Angeles

Area So - Sherman Oaks

Zoning LAR1

Rooms

Other Rooms Guest House

Interior

Interior Features Beamed Ceilings, Separate/Formal Dining Room

Cooling Wall/Window Unit(s)

Flooring Wood

Fireplaces Type Decorative, Living Room

Furnishings Unfurnished

Fireplace Yes

Appliance Gas Range

Exterior

Parking Features Driveway

Pool None

View Y/N No

View None

Roof Type Shingle

Private Pool No

Building

Lot Description Back Yard

Faces North

Entry Level One

Sewer Other

Water Public

Architectural Style Ranch

Level or Stories One

Additional Building Guest House

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 2263018013

Financing Cash

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Gloria Carmona Compass #01832843

Nearby Locations

+1(818) 693-2575

info@mccarsonbenz.com

Burbank, CA, 91505, United States

15144 Morrison ST Sherman Oaks, CA 91403