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15144 Morrison Street

Los Angeles CA 91403

2
1
1034 sq. ft.
6077 sq. ft.
Single-Family
Currently for sale - view listing

Overview

Priced for the buyer who sees the opportunity in what others don't. A rough diamond in the heart of Sherman Oaks has come to the market for first time in 43 years, and for the right investor, flipper, developer, or savvy homeowner, that single fact is enough to start building. This is a 2 bed / 1 bath ranch with bones that do the talking: original hardwood floors that refinish beautifully, vaulted beamed ceilings that define the room before a single dollar of renovation is spent, a brick fireplace, and a covered front porch framed by a mature fig tree that no amount of new construction can replicate. The lot runs deep and at the rear sits a separate structure of approximately 700 square feet that is the real conversation. No permits available, it currently has a known mold issue. Both are fully disclosed. Both are reflected in the price. And both represent exactly the kind of work that separates a good return from a great one, because, a permitted ADU on a Sherman Oaks lot is not a bonus feature, it is a cash-flowing asset. Remediate the structure, bring it to permit, and what was a liability becomes a legal income unit in one of the tightest rental markets in California. The main house sells as-is; seller disclosures available. For the investor who understands that the spread is always made at acquisition, and that the deepest value is still found in the properties that ask something of you, this is the one. The opportunity has been waiting 43 years for the right hands. The question is whether those hands are yours. Close to Sherman Oaks Galleria, All Ventura Blvd Restaurants, Hiking Trails and easy access to 101 and 405... What else could you ask for...

Features

2 bedrooms
1 bathroom
1034 sq. ft. floor area
6077 sq. ft. lot size
Single-Family

Happy sellers in Los Angeles

92%
92% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Los Angeles over the last 12 months.

Local market activity for 2 bedroom single-family properties in Los Angeles

In the last 12 months, 13 two-bedroom single-family properties similar to 15144 Morrison Street, have been sold.

This represents a 28% increase in two-bedroom single-family properties sales when compared to the previous 12 months.

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