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4825 Saloma Avenue, Los Angeles, California

$1,450,0003 Beds2 BathsActive

4825 Saloma Avenue, Los Angeles, California 91403
Daron Campbell~Berkshire Hathaway HomeService - MLS® ID: SR17135953

Property Details

4825 Saloma Avenue, Los Angeles, California 91403 - Spectacular Sherman Oaks Development Opportunity – Build 2 Homes!!!This is a rare and potentially lucrative opportunity for a developer to acquire 3 separate lots and build 2 fantastic Sherman Oaks single family homes. Ideally located in the highly desirable area adjacent to the Sherman Oaks Galleria between Camarillo and the Ventura Freeway, this is a unique opportunity to purchase multiple lots next door to each other. The property currently consists of a 1,432 square foot single family home built in 1936. However, the home currently sits on 3 adjacent lots ideal for constructing two fabulous single family homes in an extremely desirable area. The combined 3 lots total approximately 13,852 square feet of flat, buildable acreage. New homes in the area are currently selling rapidly in excess of $525 per foot. Average new home sales range in price from $1,600,000 to $2,050,000. This opportunity to purchase multiple lots and construct two homes is a developer's dream! Upon demolition of the existing home, a developer can "untie" the lots and begin construction. One set of plans for construction of a 3,600 square foot home has been submitted (before anti-Mc mansion ordinance was passed!). A developer looking for an opportunity to build two homes and create a tremendous profit opportunity will relish this unique opportunity. Given the new restrictions on development and the recently imposed limits on allowable square footage, this is a rare find. Will not last!

Amenities

  • Zip91403
  • CountyLos Angeles
  • SQFT1432
  • Bedrooms3
  • Full baths2
  • StatusActive
  • Purchase TypeActive
  • Property typeSingle Family
  • Zoning typeLAR1
  • School districtLos Angeles Unified
  • Year built1936
  • Lot size13833.0000
  • CoolingCENTRAL
  • Parking2.00
  • Office IDF0249008
  • Agent IDF207013128
  • Agent nameDaron Campbell
  • MLS® IDSR17135953

Broker: Daron Campbell~Berkshire Hathaway HomeService

Listing Courtesy of Daron Campbell~Berkshire Hathaway HomeService

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