3277 Longridge Terrace, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 3 bed, 3 bath
ACTIVE$1,350,000
3277 Longridge Terrace, Sherman Oaks, California 91423
3Beds
3Baths
1,940Sqft
66,562Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Privacy: Tucked away in the desirable Sherman Oaks hills, this property offers a rare combination of privacy and exclusivity.
Top Cons:
Requires Extensive Renovation: The property is explicitly marketed towards 'builders/investors to renovate,' indicating it requires significant capital investment to modernize and update its dated condition (built 1960).
Compared to the nearby listings
Price:$1.35M vs avg $1.88M ($-527,500)9%
Size:1,940 sqft vs avg 2,476 sqft34%
Price/sqft:$696 vs avg $81429%
More Insights
Built in 1960 (65 years old).
Condition: Built in 1960, this property is 64 years old. The listing explicitly states it's a 'Great opportunity for builders/investors to renovate,' indicating it requires substantial repairs and rehabilitation, not just minor updates. The absence of images for the kitchen and bathrooms strongly suggests these key areas are severely outdated or in poor condition, requiring full renovation. While the structure may not be a complete tear-down, it's far from move-in ready and major systems are likely at or past their useful life.
Year Built
1960
Close
-
List price
$1.35M
Original List price
$2M
Price/Sqft
$696
HOA
-
Days on market
-
Sold On
-
MLS number
SR25022019
Home ConditionPoor
Features
Excellent View: Mountain(s)
Pool
Patio
ViewMountain(s)
About this home
Tucked away in the Sherman Oaks hills, this 3-bedroom, 3-bathroom home offers a rare combination of privacy, breathtaking views, and limitless potential. Great opportunity for builders/investors to renovate – over 1.5 acres in prime Sherman Oaks property with pool and panoramic views. PRICED TO SELL FAST. If you are interested in the flat land next to the property, please ask the agent for details. Court has already ruled to allow the amendment into the case
Nearby schools
9/10
Roscomare Road Elementary School
Public,•K-5•2.6mi
9/10
Kester Avenue Elementary School
Public,•K-5•3.5mi
6/10
John B. Monlux Elementary School
Public,•K-5•3.6mi
6/10
Erwin Elementary School
Public,•K-5•3.8mi
9/10
Warner Avenue Elementary School
Public,•K-5•4.1mi
8/10
Lanai Road Elementary School
Public,•K-5•4.4mi
6/10
Walter Reed Middle School
Public,•6-8•2.5mi
2/10
Van Nuys Middle School
Public,•6-8•3.3mi
5/10
James Madison Middle School
Public,•6-8•4.7mi
5/10
William Mulholland Middle School
Public,•6-8•6.5mi
3/10
William Mulholland Middle School
Public,•6-8•6.7mi
8/10
North Hollywood Senior High School
Public,•9-12•3.1mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•3.4mi
6/10
Van Nuys Senior High School
Public,•9-12•4.7mi
6/10
University Senior High School
Public,•9-12•6.2mi
6/10
University Senior High School Charter
Public,•9-12•6.2mi
Condition Rating
Poor
Built in 1960, this property is 64 years old. The listing explicitly states it's a 'Great opportunity for builders/investors to renovate,' indicating it requires substantial repairs and rehabilitation, not just minor updates. The absence of images for the kitchen and bathrooms strongly suggests these key areas are severely outdated or in poor condition, requiring full renovation. While the structure may not be a complete tear-down, it's far from move-in ready and major systems are likely at or past their useful life.
Pros & Cons
Pros
Prime Location & Privacy: Tucked away in the desirable Sherman Oaks hills, this property offers a rare combination of privacy and exclusivity.
Expansive Lot Size: Features an exceptionally large lot of over 1.5 acres (66,562 sqft), providing ample space for expansion or redevelopment, a significant rarity in this area.
Breathtaking Panoramic Views: Boasts stunning panoramic mountain views, significantly enhancing the property's aesthetic appeal and long-term value.
Significant Development Potential: Presents 'limitless potential' for builders and investors to renovate or redevelop, capitalizing on the large lot and prime location, including a pool.
Motivated Seller & Value Opportunity: A substantial price reduction from its original listing price ($1.995M to $1.35M) indicates a motivated seller and a compelling investment opportunity at the current price point.
Cons
Requires Extensive Renovation: The property is explicitly marketed towards 'builders/investors to renovate,' indicating it requires significant capital investment to modernize and update its dated condition (built 1960).
Potential Transaction Complexity: The mention of a 'Court has already ruled to allow the amendment into the case' suggests a history of legal or transactional complexities that may require additional buyer due diligence.
Dated Condition/Systems: Built in 1960, the home likely features original systems and finishes, necessitating comprehensive upgrades to meet contemporary standards and avoid immediate repair costs.