Sitting South of the boulevard, this 1,976 sq. ft. traditional style property sits on over a half acre lot with almost 270° views of the San Gabriel valley and beyond. The location is in a very sought-after neighborhood of Sherman Oaks.
Based on the current Underbuilt report, this great opportunity would either be a remodel or a new construction, as the property has a potential of a whooping 8500 maximum sq. ft.. This provides tremendous value-add potential due to the recent high sales in the area. Directly next door is a modern contemporary new construction that should break all the records when its sold. A modern contemporary view property is best for this location and, depending on the quality of finishes, comp estimates will range from $650 to $750 PPSF. Make the most of these views, location and the market strength of this neighborhood and leverage this a great development opportunity.