$395,000

Seller highly motivated. Accepting all offers. Rare development opportunity in prime Sherman Oaks, South of the Blvd. Approx. 6,300 sq ft lot with LADBS-approved plans for a luxury residence. Approved plans include approximately 4,800 sq ft total living space. Lower level (street level) approx. 2,400 sq ft basement with flexibility for buyer modifications and additional rooms. Upper level includes 3 bedrooms and 3 bathrooms, approximately an additional 2,400 sq ft. Approved design features include approx. 24 ft building height and 96 ft length with rooftop deck potential. Caissons and grading completed; permits issued and plan check fees paid. Buyer to take over and complete construction. Seller provides approved plans, completed work to date, LADBS inspection approvals, soil engineering report, and survey report. Per permit requirements, four oak trees must be planted after completion of construction. Excellent location near shops, dining, and schools. Buyer to verify all information and development potential. Property visible from street; showings by appointment only.