Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3724 N Knobhill Drive Sherman Oaks, CA 91423

    View on Map
    For Sale
    $199,000

    Land/Lot - Sherman Oaks, CA

    Lot size:
    10,924.00 Acres
    Added:
    Feb 21, 2025
    Days on Market:
    404
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 3724 N Knobhill Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    LARE15
    Exterior features
    Community Features Included: Biking, Curbs, Hiking
    Standard status
    Active
    APN
    2274013028
    Lot size
    10,924.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Amber Ryland

    Listing agent Amber Ryland License #02100369

    Listing office eXp Realty of California Inc 2603 Camino Ramon, San Ramon, CA

    Listing date Feb 21, 2025

    MLS# SR25039028 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.

    Overview

    Vacant Lot in Sherman Oaks

    This vacant lot, located in Sherman Oaks, presents an opportunity for development. The lot size is 10,924 square feet (0.2507805325987144 acres) and includes a geo survey and preliminary home designs. Paved streets and nearby utilities offer convenience. The adjacent lot is also available for purchase, offering a combined 24,326 square feet. This property is zoned LARE15 and is located in Los Angeles County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -118.448812
    Latitude
    34.139026

    Nearby Similar for Sale

    • $350,000

      Subway Franchise Opportunity in Sherman Oaks

      Established Subway franchise for sale in prime Sherman Oaks location.
      14344 Ventura Boulevard, Sherman Oaks, CA 91604
      View Details
    • $1,580,500
      3,590 SF

      Sherman Oaks Gated Duplex

      Upgraded duplex in prime Sherman Oaks adjacent neighborhood.
      14349 Tiara Street, Sherman Oaks, CA 91401
      View Details
    • $1,699,000
      5,412 SF

      Sherman Oaks Multifamily Investment Opportunity

      Well-maintained 6-unit multifamily asset in high-demand Sherman Oaks.
      4909 Coldwater Canyon Ave, Sherman Oaks, CA 91423
      View Details
    • $599,000

      Sherman Oaks Land with Views

      Vacant upslope lot with panoramic views in Sherman Oaks.
      3654 Oakfield Dr, Sherman Oaks, CA 91423
      View Details
    • $699,000

      Sherman Oaks Upslope Lot

      Vacant lot with panoramic views in Sherman Oaks, California.
      3664 Oakfield Dr, Sherman Oaks, CA 91423
      View Details
    • $210,000

      Established Laser Hair Removal Business

      Profitable laser hair removal business in prime Sherman Oaks location.
      4419 Van Nuys Boulevard, Sherman Oaks, CA 91403
      View Details
    • $99,000

      Sherman Oaks Land Opportunity

      Vacant land in Sherman Oaks with panoramic views.
      13406 Newcomb, Sherman Oaks, CA 91423
      View Details
    • $199,000

      Land in Sherman Oaks Hills

      Vacant land with city and mountain views in Sherman Oaks.
      13388 Newcomb Dr, Sherman Oaks, CA 91423
      View Details
    • $100,000

      Sherman Oaks Downslope Lot

      Downslope lot in Sherman Oaks near Beverly Glen Blvd.
      3557 Oakfield, Sherman Oaks, CA 91423
      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 Street, Sherman Oaks, CA 91403
      View Details
    • $2,700,000
      7,776 SF

      Sherman Oaks Multifamily Property

      Six-unit residential property in Sherman Oaks with garages and balconies.
      4247 Matilija, Sherman Oaks, CA 91423
      View Details
    • $245,000

      Sherman Oaks Residential Estate Lot

      Residential lot in established neighborhood with utilities available.
      3721 Ventura Canyon Avenue, Sherman Oaks, CA 91423
      View Details

    FAQs

    What type of property is this?
    Land - Vacant 10,924 SF lot in prime Sherman Oaks.
    Where is this land located?
    The property is located at 3724 N Knobhill Drive Sherman Oaks, CA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Large 10,924 SF vacant lot in prime Sherman Oaks location.; Opportunity to purchase adjacent lot for a combined 24,326 SF estate.; Geo survey and preliminary home designs included, streamlining development.
    (310) 499-3917
    We can help!
    Listing Contact
    Amber Ryland
    Real Estate License ID: 02100369
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!