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Jim, Justin and Vickie, Sales Associate
SOLD
$1,225,000
Date 06/29/2023

5319 Sylmar Avenue
Sherman Oaks, CA 91401

Land
Residence
0.199
Lot Size
Listing Agent: Jake Glaser CalDRE: 02128816 - Lyon Stahl Investment Real Estate, Inc.

Description for 5319 Sylmar Avenue Sherman Oaks, CA 91401

We are pleased to present a rare development opportunity at 5319 Sylmar Avenue in a highly sought-after residential neighborhood in Sherman Oaks. This exceptional property offers RTI (Ready-to-Issue) permits for a 4-unit luxury development, which will be added to an existing, 1940s single-family home at the front of the lot. The lot boasts a total size of ~8,670 square feet and is zoned {Q}RD1.5. The lot is buildable up to 6 units total by-right, allowing for additional development opportunities in the future.The approved RTI plans call for large, high-end units with a mix of (1) studio, (2) one-bedroom, and (1) two-bedroom unit, totaling 3,207 approximate square feet of living space. The vacant, single-family home currently on the lot is just under 1,400 square feet, consisting of two bedrooms and one bathroom. The integration of the single-family home into the development plans adds a unique touch of character to the overall design.

Property Details

23268259
Land, Other
Los Angeles
0.199 Acres
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Listing Agent: Jake Glaser CalDRE: 02128816 - Lyon Stahl Investment Real Estate, Inc.
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Jim, Justin and Vickie Dean Stalter, Broker DRE# 00625377 - 30221 Golden Lantern Ste. A-B, Laguna Niguel, CA 92677 | Phone: (949) 464-8136 | Email: [email protected]

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