5332 Leghorn Avenue, Sherman Oaks, California 91401, Sherman Oaks, 91401 - 3 bed, 1 bath

5332 Leghorn Avenue, Sherman Oaks, California 91401 home-pic-0
ACTIVE$1,595,000
5332 Leghorn Avenue, Sherman Oaks, California 91401
3Beds
1Bath
1,258Sqft
12,653Lot
Year Built
1926
Close
-
List price
$1.59M
Original List price
$1.7M
Price/Sqft
$1,268
HOA
-
Days on market
-
Sold On
-
MLS number
25499231
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 27% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.59M(78th), sqft - 1258(9th), beds - 3(50th), baths - 1(13th).

PLANS HAVE BEEN SUBMITTED TO CITY AND SHOULD BE RTI IN 4-6 WEEKS!!!! Development Opportunity in Sherman Oaks--Adjacent to Chandler Estates & Valley Village! This expansive lot presents an incredible opportunity to build your dream home in a prime location. The existing home is still standing, but architectural plans are complete, and master grading plans/engineering are finished--just submit to the building department, get approved, and start building! Opportunities like this are rare, one of the last larger lots available in this highly desirable neighborhood. Whether you envision a modern masterpiece or a timeless estate, the groundwork is essentially done, making this an ideal project for an owner-user looking to create something truly special. Situated on a beautiful, quiet street lined with multi-million dollar homes, 5332 Leghorn offers convenient access to top schools, shopping, dining, freeways, houses of worship, and entertainment. Check the supplements section for architectural plans and engineering reports. Renderings are provided to give an idea of what can be built based on the plans. Don't miss this chance--schedule a viewing today!

Price History

Date
Event
Price
08/01/25
$1,595,000
02/16/25
$1,700,000
Condition Rating
Tear down

The listing describes a development opportunity where the existing home is still standing but plans are in place for a new build. The images show a dilapidated structure, boarded up and in disrepair, with significant site work underway. Given the age of the property (built in 1926) and the description indicating it's essentially being replaced, the condition is best described as a tear-down.
Pros & Cons

Pros

Development Opportunity: The property presents a rare development opportunity in a highly desirable Sherman Oaks location, adjacent to Chandler Estates & Valley Village.
Large Lot Size: The expansive 12,653 sqft lot offers ample space for building a custom dream home.
Completed Architectural Plans: Architectural plans are complete, and master grading plans/engineering are finished, significantly reducing the initial development timeline.
Prime Location: Situated on a quiet street lined with multi-million dollar homes, offering convenient access to top schools, shopping, dining, freeways, and entertainment.
Desirable Neighborhood: Located in a highly sought-after neighborhood, increasing the potential resale value after development.

Cons

Existing Home Condition: The existing home may require demolition or significant renovation, adding to the overall project cost.
Construction Timeline: Even with completed plans, obtaining final building department approval and completing construction will take time and resources.
Reduced Price: The property has experienced a price reduction, which may indicate challenges in the market or with the property itself.

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