PRIME SHERMAN OAKS VALUE-ADD OPPORTUNITY ON AN OVERSIZED 10,000+ SQ FT FLAT LOT — EXCELLENT ADU & REDEVELOPMENT POTENTIAL
Exceptional opportunity in one of Sherman Oaks’ most desirable pockets. This rare oversized flat lot offers the perfect opportunity for homeowners, investors, contractors, and builders seeking immediate livability with substantial upside to expand, remodel, or redevelop.
The existing residence features approximately 1,400 sq ft with 2 bedrooms and 2 bathrooms, plus a detached 1-bedroom guest unit with a private entrance. The property includes a pool, generous outdoor grounds, and updated finishes, making it move-in ready for an owner-user while still offering tremendous potential to further personalize or maximize value.
The oversized flat lot can accommodate up to 2 additional ADUs for strong income potential. No rezoning or variance required (buyer to verify). This highly sought-after area of Sherman Oaks continues to experience strong redevelopment activity and impressive resale comps.
Ideal for multigenerational living, rental income, or a high-upside value-add project in a prime Sherman Oaks corridor. The combination of lot size, location, existing guest unit, and future development potential is rarely available at this price point.
Located minutes from Ventura Blvd dining, shopping, entertainment and top rated schools with easy access to the 405 and 101 freeways.
Priced to sell!!! One of the lowest priced homes per square foot in the area based on lot size and location. Seller is motivated and ready to review serious offers.
Buyer to independently verify all zoning, permits, ADU possibilities, and development requirements with the city.
Schedule your private showing today.
Exceptional opportunity in one of Sherman Oaks’ most desirable pockets. This rare oversized flat lot offers the perfect opportunity for homeowners, investors, contractors, and builders seeking immediate livability with substantial upside to expand, remodel, or redevelop.
The existing residence features approximately 1,400 sq ft with 2 bedrooms and 2 bathrooms, plus a detached 1-bedroom guest unit with a private entrance. The property includes a pool, generous outdoor grounds, and updated finishes, making it move-in ready for an owner-user while still offering tremendous potential to further personalize or maximize value.
The oversized flat lot can accommodate up to 2 additional ADUs for strong income potential. No rezoning or variance required (buyer to verify). This highly sought-after area of Sherman Oaks continues to experience strong redevelopment activity and impressive resale comps.
Ideal for multigenerational living, rental income, or a high-upside value-add project in a prime Sherman Oaks corridor. The combination of lot size, location, existing guest unit, and future development potential is rarely available at this price point.
Located minutes from Ventura Blvd dining, shopping, entertainment and top rated schools with easy access to the 405 and 101 freeways.
Priced to sell!!! One of the lowest priced homes per square foot in the area based on lot size and location. Seller is motivated and ready to review serious offers.
Buyer to independently verify all zoning, permits, ADU possibilities, and development requirements with the city.
Schedule your private showing today.
Property Details
Price:
$1,390,000
MLS #:
SR26107780
Status:
Active
Beds:
2
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
soshermanoaks
Listed Date:
May 18, 2026
Finished Sq Ft:
1,395
Lot Size:
10,252 sqft / 0.24 acres (approx)
Year Built:
1949
See this Listing
Schools
School District:
Los Angeles Unified
Interior
Appliances
GR
Bathrooms
2 Full Bathrooms
Cooling
CA
Flooring
TILE, LAM
Heating
FA, CF, FIR
Interior Features
GRNC, OFP
Laundry Features
GAS, IR, WH
Levels
A
Main Level Bathrooms
2
Main Level Bedrooms
2
Exterior
Accessibility Features
NO
Architectural Style
TRD
Common Walls
NCW
Community Features
SUB
Construction Materials
STC, FRM
Fencing
WD
Garage Spaces
2
Parking Spots
2
Parking Total
2
Roof
SHN
Security Features
AG
Spa Features
NO
View
NO
Financial
Map
Community
- Address13319 Magnolia Sherman Oaks CA
- CitySherman Oaks
- CountyLos Angeles
- Zip Code91423
Subdivisions in Sherman Oaks
Market Summary
Current real estate data for Single Family in Sherman Oaks as of Jun 04, 2026
345
Single Family Listed
66
Avg DOM
460
Avg $ / SqFt
$1,447,333
Avg List Price
Property Summary
- 13319 Magnolia Sherman Oaks CA is a Single Family for sale in Sherman Oaks, CA, 91423. It is listed for $1,390,000 and features 2 beds, 2 baths, and has approximately 1,395 square feet of living space, and was originally constructed in 1949. The current price per square foot is $996. The average price per square foot for Single Family listings in Sherman Oaks is $460. The average listing price for Single Family in Sherman Oaks is $1,447,333.
Similar Listings Nearby
13319 Magnolia
Sherman Oaks, CA


