9
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$989,000
Est. payment /mo
3.3 Acres Lot
Active
3420 Beverly Glen Sherman Oaks, CA 91423
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26056753
HOA Y/N No
Lot Size 3.301 Acres
Property Description
Rare semi-approved development opportunity in prime Sherman Oaks, south of the Boulevard, just minutes from Beverly Hills and near Mulholland Drive. This is one of the last remaining projects of its kind in the area, offering exceptional city-light and mountain views.
The current owner has spent over 10 years and significant funds on the subdivision process, and a buyer can now pursue the creation of 3 separate view lots of approximately 43,680 SF, 45,450 SF, and 55,364 SF (buyer to verify). Each lot has the potential for an impressive custom estate, subject to the requirements and approvals of the City of Los Angeles.
A new buyer will need to complete grading/flattening of the property and construct an access road in order to finalize the subdivision and move forward with development. Once completed, the site could accommodate three luxury homes of roughly 5,000–10,000 SF or more per residence, depending on city regulations and buyer's design (buyer and buyer's architect to verify).
Based on current estimates, the land value for each finished lot without plans is projected in the range of approximately $1,350,000 to $1,500,000 per lot (subject to market conditions and buyer's own analysis).
For full details, due diligence materials, and to discuss the subdivision status, please contact the listing agents directly.
The current owner has spent over 10 years and significant funds on the subdivision process, and a buyer can now pursue the creation of 3 separate view lots of approximately 43,680 SF, 45,450 SF, and 55,364 SF (buyer to verify). Each lot has the potential for an impressive custom estate, subject to the requirements and approvals of the City of Los Angeles.
A new buyer will need to complete grading/flattening of the property and construct an access road in order to finalize the subdivision and move forward with development. Once completed, the site could accommodate three luxury homes of roughly 5,000–10,000 SF or more per residence, depending on city regulations and buyer's design (buyer and buyer's architect to verify).
Based on current estimates, the land value for each finished lot without plans is projected in the range of approximately $1,350,000 to $1,500,000 per lot (subject to market conditions and buyer's own analysis).
For full details, due diligence materials, and to discuss the subdivision status, please contact the listing agents directly.
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Zoning R1
Interior
Fireplace No
Exterior
Community Features Valley
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N Yes
View City Lights
Present Use Unimproved
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2274021028
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Special Listing Condition Standard
Listed by Arthur Mangassarian Re/Max Tri-City Realty 818-636-8899, DRE #00751703
NEARBY SCHOOL & BUSINESS
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