5319 Sylmar Ave, Sherman Oaks, CA 91401

5319 Sylmar Ave, Sherman Oaks, CA 91401

Sherman Oaks, CA

Property Description


  • Excellent RTI (Ready-to-Issue) development opportunity for 4 units in addition to existing SFR (1941)
  • Existing 2-bed / 1-bath single-family home, ~1,393 Sqft with hardwood floors throughout
  • Approved plans call for large, luxury apartments with strong mix of (1) studio, (2) 1-bedroom and (1) 2-bedroom units
  • 8,670 SqFt Lot Zoned {Q}RD1.5
  • Prime Sherman Oaks location by Chandler & Van Nuys Blvd


We are pleased to present a rare development opportunity at 5319 Sylmar Avenue in a highly sought-after residential neighborhood in Sherman Oaks. This exceptional property offers RTI (Ready-to-Issue) permits for a 4-unit luxury development, which will be added to an existing, 1940s single-family home at the front of the lot. The lot boasts a total size of ~8,670 square feet and is zoned {Q}RD1.5. The lot is buildable up to 6 units total by-right, allowing for additional development opportunities in the future.
The approved RTI plans call for large, high-end units with a mix of (1) studio, (2) one-bedroom, and (1) two-bedroom unit, totaling 3,207 approximate square feet of living space. The vacant, single-family home currently on the lot is just under 1,400 square feet, consisting of two bedrooms and one bathroom. The integration of the single-family home into the development plans adds a unique touch of character to the overall design.

Property Features

  • Sale Price: $1,225,000
  • Land Area: 8,670 Sq. Ft.
  • Year Built: 1941
  • Listing Date: 5/8/2023
  • Closing Date: 6/29/2023

Lyon Stahl Investment Real Estate

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