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4026 Beverly Glen Boulevard, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 5 bed, 6 bath

4026 Beverly Glen Boulevard, Sherman Oaks, California 91423 home-pic-0
ACTIVE$1,599,900
4026 Beverly Glen Boulevard, Sherman Oaks, California 91423
5Beds
6Baths
4,211Sqft
8,727Lot
Year Built
1946
Close
-
List price
$1.6M
Original List price
$1.8M
Price/Sqft
$380
HOA
-
Days on market
-
Sold On
-
MLS number
25512917
Home ConditionTear down
Features
Good View: Trees/Woods
Patio
ViewTrees/Woods

About this home

Possibly Over-Priced:The estimated price is 39% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.60M(28th), sqft - 4211(82th), beds - 5(71th), baths - 6(84th).

Exceptional RTI Development Opportunity in Prime Sherman Oaks. Seize this rare chance to acquire a Ready to Issue (RTI) project and begin construction immediately on a stunning new-construction residence in one of Sherman Oaks' most sought-after neighborhoods. Situated south of the boulevard on a sprawling, nearly 9,000-square-foot lot, this fully approved plan includes a beautifully designed 5-bedroom, 6-bathroom home spanning approximately 4,122 square feet, complete with an expansive open floor plan, luxury finishes, and resort-style outdoor living spaces, including a pool. Located on an idyllic tree-lined street, this property is surrounded by newly built single-family homes, adding to its appeal and value. Its central location offers easy access to high-end shopping, fine dining, and a convenient route to the Westside, making it a prime choice for both developers and future homeowners. Whether you're a builder looking for a ready-to-go project or an end user eager to customize your dream home with an in-house design team, this is a unique opportunity to bring a vision to life in a premier location. All permits are ready to go!

Nearby schools

9/10
Kester Avenue Elementary School
Public,•K-5•1.7mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.0mi
8/10
Lanai Road Elementary School
Public,•K-5•2.6mi
6/10
Erwin Elementary School
Public,•K-5•3.0mi
6/10
John B. Monlux Elementary School
Public,•K-5•3.3mi
9/10
Warner Avenue Elementary School
Public,•K-5•5.2mi
2/10
Van Nuys Middle School
Public,•6-8•1.7mi
6/10
Walter Reed Middle School
Public,•6-8•3.6mi
5/10
James Madison Middle School
Public,•6-8•4.1mi
5/10
William Mulholland Middle School
Public,•6-8•4.6mi
3/10
William Mulholland Middle School
Public,•6-8•4.8mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•2.9mi
6/10
Van Nuys Senior High School
Public,•9-12•3.1mi
8/10
North Hollywood Senior High School
Public,•9-12•3.7mi
6/10
University Senior High School
Public,•9-12•6.9mi
6/10
University Senior High School Charter
Public,•9-12•6.9mi
Condition Rating
Tear down
The property was built in 1946, making it 78 years old. The listing explicitly states this is an 'RTI Development Opportunity' for a new-construction residence, with 'potential demolition of the existing 1946 structure' mentioned in the analysis. The images of the existing house (images 5 and 6) show a very dated exterior, consistent with a structure whose value is primarily in the land and approved plans for redevelopment, not the current dwelling. There are no interior photos of the existing kitchen or bathrooms, reinforcing that the current structure is not intended for renovation.
Pros & Cons

Pros

Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Ready-To-Issue (RTI) Permits: All permits are ready to go, allowing for immediate construction and significantly reducing the time and uncertainty typically associated with the permitting process.
Prime Sherman Oaks Location: Situated South of the Boulevard on an idyllic tree-lined street, surrounded by newly built homes, offering excellent access to high-end shopping, fine dining, and a convenient route to the Westside.
Approved Luxury New Build Design: Fully approved plans for a stunning 5-bedroom, 6-bathroom, 4,122 sqft new-construction residence featuring an expansive open floor plan, luxury finishes, and resort-style outdoor living with a pool.
Generous Lot Size: A sprawling, nearly 9,000-square-foot lot provides ample space for the proposed large residence and extensive outdoor amenities.
Versatile Opportunity: Appeals to both experienced developers seeking a shovel-ready project and end-users eager to customize their dream home with an in-house design team.

Cons

Significant Construction Investment Required: Despite RTI permits, the buyer must undertake and finance the entire new construction project, including potential demolition of the existing 1946 structure, representing a substantial additional cost and project management.
High List Price vs. Estimated Value: The current list price of $1.6M is considerably higher than the estimated property value of $965k, which may indicate an aggressive pricing strategy or a valuation gap for RTI projects that could deter some buyers.
Niche Market Appeal: The property caters to a specific segment of buyers (developers or custom home builders) willing and able to manage a full construction project, which limits the general buyer pool compared to a move-in ready home.

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