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Backup Offers

4703 Saloma Ave, Sherman Oaks, CA, 91403

$1,650,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Full Bath
1,126 SqFt
$1,465/SqFt
House
Schools Nearby

Location

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4703 Saloma Ave, Los Angeles$1,650,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage2 spaces
Year Built1937
CoolingCentral Air
FireplaceNone
ViewNone
MLS #SR24072679
Lot Size0.16 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 4703 Saloma Ave

Opportunity Awaits - RTI with permits. This prime piece of real estate in the heart of Sherman Oaks offers a unique opportunity for investors, real estate developers, and end-user clients alike. Key Features are its prime Location nestled in a desirable neighborhood, this property boasts proximity to vibrant city life, top-rated schools, and local amenities, making it an attractive option. Investment Potential. For the savvy investor or developer, the property promises an impressive after-repair value (ARV) increase of approximately 0.43%. This figure indicates a lucrative return on investment, capitalizing on the growing market demand in Sherman Oaks. An invaluable asset, the property comes with ready-to-issue permits, bypassing the typically lengthy and cumbersome process of securing building approvals from the city. This feature allows for an immediate start to development, saving time and resources. - Architectural Plans included are sophisticated and showcase a modern design with a flat roof. The highlight is a 360-degree panoramic city view of Sherman Oaks, offering a stunning visual experience. The plans also feature an Accessory Dwelling Unit (ADU) attached to the main house on the second floor. This versatile space is designed to function as a second primary bedroom, adding significant value and utility to the property. Ideal for Multiple Buyers; Real Estate Developers. With the low ARV and ready-to-issue permits, developers can swiftly turn this project around for a substantial profit. Investors, the property stands as a solid investment with its promising return and excellent location. End-Users - Those looking to create their dream home can tailor this space to their exact specifications, benefiting from the existing plans and permits. 4703 Saloma Ave represents a rare and enticing opportunity in Sherman Oaks. Whether you're looking to develop, invest, or create your perfect home, this property offers the foundation for a fruitful and rewarding endeavor. Act Now. Seize this chance to invest in one of Sherman Oaks' most promising properties.

Property Details

Property Features

Property Information:

  • Year Built: 1937
  • Stories: 1
  • Living Area: 1,126 SqFt

Listing Office:

  • Office Name: E H Realty
  • Office Phone: (818) 357-1081
  • Listing Agent: Robert Johnson

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Van Nuys Senior High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Van Nuys Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Sherman Oaks Elementary Charter, Public Charter Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: GOOGLE, North of Ventura blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,650,000
  • Price Per SqFt: $1,465/SqFt

Tax Information:

  • Annual Amount: $1,837
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

4703 Saloma Ave vs Los Angeles

10 DAYS ON ROCKET

-24 Days

$1,650,000

+$663.5K More

$1,465/SqFt

+$833 More

KEY TAKEAWAY

This property is $663.5K more than the Median Sold Price and $833/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SR24072679

Listing Office:

  • Office Name: E H Realty
  • Office Phone: (818) 357-1081
  • Listing Agent: Robert Johnson

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/7/2024, 5:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,837$145,095
2020$1,782$143,608
2019$1,722$140,793
2018$1,683$138,033
2017$1,683$135,327

History based on county public records data.

Payment Calculator

$8,303

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,013

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-7311341
7
/10

  • Sherman Oaks Elementary Charter

  • 14755 Greenleaf St

  • 0.45 miles

  • Public Charter Grades KG-5

school-card-donut-7311342
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 8.15 miles

  • Public Magnet Grades KG-6

school-card-donut-7311343
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 10.92 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-7311344
4
/10

  • Van Nuys Middle School

  • 5435 Vesper Ave

  • 0.99 miles

  • Public Magnet Grades 6-8

school-card-donut-7311345
4
/10

  • Studio

  • 2211 W Avenue 30

  • 13.20 miles

  • Public District Grades 6-8

High School

school-card-donut-7311346
6
/10

  • Van Nuys Senior High School

  • 6535 Cedros Ave

  • 2.32 miles

  • Public Magnet Grades 9-12

school-card-donut-7311347
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 3.48 miles

  • Public Magnet Grades 9-12

school-card-donut-7311348
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 16.32 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $67,059. The most common annual income of people living in Los Angeles, CA is less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4703 Saloma Ave

What is the listing price of this property?

The listing price of 4703 Saloma Ave property is $1,650,000.

What type of property is this?

The property 4703 Saloma Ave is a house located in Sherman Oaks, California, 91403.

Is this property for sale now?

Accepting Backup Offers: 4703 Saloma Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 4703 Saloma Ave are:
Sherman Oaks Elementary Charter: GreatSchools Rating 7/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Van Nuys Middle School: GreatSchools Rating 4/10
Studio: GreatSchools Rating 4/10
Van Nuys Senior High School: GreatSchools Rating 6/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,837 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 4703 Saloma Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 4703 Saloma Ave is 1,126 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4703 Saloma Ave is 1937.

Rocket Homes›California›Los Angeles County›Los Angeles›91403›4703 Saloma Ave

This home is located at 4703 Saloma Ave in Sherman Oaks, CA and zip code 91403 in the The San Fernando Valley neighborhood. This 1,126 square foot home, which was built in 1937, sits on a 0.16 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $1,650,000.

Los Angeles, CA housing market in April 2024 saw over 701 listings sold above listed price, more than 204 sold at listed price and over 629 sold below. The inventory of homes for sale in Los Angeles, CA between March 2024 and April 2024 increased by 14.9%. While the average time on the market in April 2024 was 34 days, the median list price was $986,427.

From Rocket Homes Real Estate and based on county public records data.

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