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$1,500,000
ACTIVE Status
We are pleased to present 4747 Orion Avenue situated in the heart of Sherman Oaks, just moments from Ventura Boulevard and the 101/405 interchange on a spacious 8,755 SF lot. At the asking price of $1,500,000, the property is offered at $171 per square foot. R3-1 zoning on an 8,755 SF lot unlocks meaningful development optionality. Base density supports up to 10 units by right at 1unit per 800 SF of lot area, with additional density achievable through Density Bonus, SB 9, and state housing provisions - all of which have seen active uptake throughout Sherman Oaks. Buyer to verify. The surrounding submarket has attracted significant institutional capital, with IMT Residential's 249-unit Citrus Commons and 325-unit Via Avanti either recently delivered or nearing completion within close proximity, validating deep and sustained investor conviction in the Sherman Oaks multifamily market. Metro's East San Fernando Valley Light Rail is currently under construction along Van Nuys Boulevard, with 11 stations planned between the G Line and Pacoima. Additionally, the Sepulveda Transit Corridor - a proposed high-capacity rail connection linking the Valley to the Westside - is advancing through environmental review, with a corridor alignment running through Sherman Oaks.

4747 Orion Ave, Sherman Oaks

Courtesy of Marcus & Millichap, Neema Ahadian - CA DRE#01346750

$4,195,000
ACTIVE Status
BRING ALL OFFERS! MOTIVATED SELLER! Welcome to "The Encino Promontory", a truly rare and unparalleled development opportunity set on an exceptional 1.5-acre parcel of land with unobstructed, breathtaking panoramic views in the coveted Encino Hills. Situated on one of the most prestigious and sought-after streets in the area, this lot offers a unique combination of privacy, exclusivity, and a commanding hillside presencemaking it one of the few remaining premier properties in this highly desirable neighborhood.Designed with a flag-lot orientation, this property ensures the utmost seclusion while maximizing the views that stretch across the entire San Fernando Valley. With record-breaking sales and high-profile developments in the area, along with an influx of celebrity relocations, the Encino Hills market is flourishing, offering incredible post-construction value potential for both end users and developers alike. This is a once-in-a-lifetime chance to craft a bespoke contemporary estate in one of Los Angeles' most coveted enclaves. Don't miss the opportunity to secure one of the last truly exceptional properties in Encino Hills. Property is sold as a un-entitled lot and conceptual renderings shown, all Buyers to verify building potential with their own professionals.

17229 Oak View Dr, Encino

Courtesy of Hollywood Estates, Oliver Thornton - CA DRE#01969227

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