Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3721 Ventura Canyon Ave Sherman Oaks, CA 91423

    Sponsored
    For Sale
    $245,000

    Land/Lot - Sherman Oaks, CA

    Lot size:
    13,980.00 Acres
    Days on Market:
    112
    Last Refresh:
    Feb 14 at 4:06 pm

    Property Features for 3721 Ventura Canyon Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RE
    APN
    2386017009
    Exterior features
    Community Features Included: Urban
    Lot size
    13,980.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    TAMMY TENGS

    Land22 Real Estate (760) 219-3313

    Listing agent TAMMY TENGS (760) 219-3313 License #01436288

    Listing date Oct 26, 2025

    MLS# IV25247625 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Sherman Oaks Residential Estate Lot

    Located in the Sherman Oaks hills, this 0.32-acre (approximately 13,939 square feet) lot is one of the few remaining available in an established neighborhood where homes sell between $2 and $6 million. The Los Angeles city zoning is Residential Estate (RE), which allows one single-family home and possibly an accessory dwelling unit. Electricity, water, sewer, gas, and telephone are available in the street. The terrain is upslope from the street, offering panoramic views from the top of the lot. Preliminary plans, a geo report, and a topographic survey from 2003-2006 are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Daycare Center Building Supply Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sherman Oaks
    County
    Los Angeles
    State
    California
    Longitude
    -118.4274135
    Latitude
    34.1388707

    Nearby Similar for Sale

    • $1,995,000
      2,500 SF

      Sherman Oaks Duplex Opportunity

      Rare duplex in prime Sherman Oaks, ideal for owner-users or investors.
      4503 Tobias Ave, Sherman Oaks, CA 91403
      View Details
    • $3,200,000
      7,036 SF

      Sherman Oaks Tri-Level Quadruplex

      Spacious, remodeled tri-level property in prime Sherman Oaks location.
      14948 Moorpark St, Sherman Oaks, CA 91403
      View Details
    • $210,000

      Established Laser Hair Removal Business

      Profitable laser hair removal business in prime Sherman Oaks location.
      4419 Van Nuys Blvd, Sherman Oaks, CA 91403
      View Details
    • $2,700,000
      Pending

      Sherman Oaks Multifamily Property

      Six-unit residential property in Sherman Oaks with garages and balconies.
      4247 Matilija Ave, Sherman Oaks, CA 91423
      View Details
    • $799,000
      1,946 SF

      Spacious Sherman Oaks Condo with View

      Rare, single-level, 3BD/2.5BA condo with park views in Sherman Oaks.
      4915 Tyrone Ave, Sherman Oaks, CA 91423
      View Details
    • $599,000
      1,323 SF

      Spacious Top Floor Sherman Oaks Condo

      Large, light-filled 2BD/2BA condo in prime Sherman Oaks location.
      4915 Tyrone Ave, Sherman Oaks, CA 91423
      View Details
    • $759,000
      1,544 SF

      Sherman Oaks Home with Upgrades

      Two-bedroom home with updated kitchen, baths, and private balcony.
      4455 Fulton Ave, Sherman Oaks, CA 91423
      View Details
    • $1,050,000
      1,960 SF

      Spacious Sherman Oaks Single-Level Condo

      Refined condo in quiet Sherman Oaks enclave with community amenities.
      14570 Benefit St, Sherman Oaks, CA 91403
      View Details
    • $650,000

      Sherman Oaks Remodeled Unit

      Remodeled unit in Sherman Oaks with dual primary bedrooms.
      5420 Sylmar Ave, Sherman Oaks, CA 91401
      View Details
    • $7,200,000
      9,225 SF

      Sherman Oaks Retail/Medical Opportunity

      Prime Sherman Oaks location with high traffic and conversion potential.
      14936 Ventura Blvd, Sherman Oaks, CA 91403
      View Details
    • Contact for pricing
      4,000 SF

      Retail Property on Ventura Boulevard

      Retail property available for sale on Ventura Boulevard.
      13625 Ventura Blvd, Sherman Oaks, CA 91423
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in established neighborhood with utilities available.
    Where is this residential land & home lot located?
    The property is located at 3721 Ventura Canyon Ave Sherman Oaks, CA.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: - Prime location in Sherman Oaks hills within an established neighborhood.; - One of the few remaining lots available.; - Residential Estate zoning allows for a single-family home and possibly an accessory dwelling unit.
    (760) 219-3313
    Request Owner's contact information
    3721 Ventura Canyon Ave Sherman Oaks, CA 91423
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3721 Ventura Canyon Ave
    Sherman Oaks, CA 91423
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3721 Ventura Canyon Ave Sherman Oaks, CA 91423
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    TAMMY TENGS
    Real Estate License ID: 01436288
    (760) 219-3313 (541) 551-0006
    Learn more
    Google sign-in failed. Please try again or use another login method.