Best and Final Offer deadline: FRI 8/28 @ 5pm. A rare opportunity for a developer or builder to create a substantial new residence in the heart of Sherman Oaks. Offered for the first time in decades, this 5,940-square-foot corner lot presents an exciting opportunity to reimagine the property and build a larger, modern home in one of the Valley’s most desirable neighborhoods. The existing home offers approximately 2,448-square-foot and it provides a starting point, but the real value lies in the land and its development potential. The corner-lot setting offers excellent possibilities for a thoughtfully designed new construction project, subject to applicable zoning and approvals. Mature trees and established landscaping provide privacy and a serene atmosphere, while the location offers exceptional convenience. Just minutes from the Sherman Oaks Galleria, Ventura Boulevard’s popular restaurants and shops, and with easy access to the 101 and 405 freeways. The property is also just a block from the amenities at the new Via Avanti. For builders, developers, or investors looking for a well-located Sherman Oaks flat lot with the potential to create a significantly larger, high-end new residence, this is an opportunity not to be missed.