$ 875,000
-
$875,000
Price -
2
Bed -
1
Bath -
1,034
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing CLW-X8146116 - CLW-X87703
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...
Listing Highlights
Status
Active
Days on Site
15
Property Type
Residential
MLS ®
26820321
Year Built
1940
Total Square Footage
1,034
Lot/Acreage
0.14
County
Los Angeles
Area
SO - Sherman Oaks
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances: Gas Range
- Air Cond: Wall/Window Unit(s)
- Heating:
- Fireplaces: Decorative,Living Room
- Floor: Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Beamed Ceilings,Separate/Formal Dining Room
- Water: Public
Exterior Details
- Lot Description: Back Yard,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 45x135
- Zoning: LAR1
- Roof: Shingle
- Others: Fixer
- Sewer: Other
- Parking Features: Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2263018013
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
15144 Morrison St Sherman Oaks, CA 91403
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
