Listing Agent: Joe Goldin      Broker/Office: Beverly and Company
13319 Magnolia Sherman Oaks CA 91423
$ 1,390,000
  2   |    2   |    1395 Sq Feet

Listing ID

#SR26107780

Status

Active

Property Type

Single Family Residence

Property Style

Traditional

County

Los Angeles

Year Built

1949

Days on website

2

Description
PRIME SHERMAN OAKS VALUE-ADD OPPORTUNITY ON AN OVERSIZED 10,000+ SQ FT FLAT LOT — EXCELLENT ADU & REDEVELOPMENT POTENTIAL

Exceptional opportunity in one of Sherman Oaks’ most desirable pockets. This rare oversized flat lot offers the perfect opportunity for homeowners, investors, contractors, and builders seeking immediate livability with substantial upside to expand, remodel, or redevelop.
The existing residence features approximately 1,400 sq ft with 2 bedrooms and 2 bathrooms, plus a detached 1-bedroom guest unit with a private entrance. The property includes a pool, generous outdoor grounds, and updated finishes, making it move-in ready for an owner-user while still offering tremendous potential to further personalize or maximize value.

The oversized flat lot can accommodate up to 2 additional ADUs for strong income potential. No rezoning or variance required (buyer to verify). This highly sought-after area of Sherman Oaks continues to experience strong redevelopment activity and impressive resale comps.
Ideal for multigenerational living, rental income, or a high-upside value-add project in a prime Sherman Oaks corridor. The combination of lot size, location, existing guest unit, and future development potential is rarely available at this price point.

Located minutes from Ventura Blvd dining, shopping, entertainment and top rated schools with easy access to the 405 and 101 freeways.
Priced to sell!!! One of the lowest priced homes per square foot in the area based on lot size and location. Seller is motivated and ready to review serious offers.
Buyer to independently verify all zoning, permits, ADU possibilities, and development requirements with the city.
Schedule your private showing today.
Location
Financial Information
List Price:  $ 1390000
Property Features
Community Features:  Suburban
Construction Materials:  Frame, Stucco
Fencing:  Wood
Flooring:  Laminate, Tile
Heating:  Central
High School District:  Los Angeles Unified
Levels:  One
Parking Features:  Driveway
Pool Features:  Private
Roof:  Shingle
Senior Community YN:  false
Structure Type:  House
Water Source:  Public
High School District:  Los Angeles Unified
MLS Area Major:  SO - Sherman Oaks
City:  Sherman Oaks
Senior Community YN:  false
Listed By:   Joe Goldin   Beverly and Company 
CA Lic#