Upon acquisition, this single-family property in Sherman Oaks required extensive repairs and was initially appraised slightly below market value. The original home features 957 square feet, 2 bedrooms, 1 bathroom, and a 380-square-foot 2-car garage. The property's development plan encompasses two main objectives. Firstly, the existing home will undergo a remodel, including a 477-square-foot addition and master bedroom, transforming it into a 1,434-square-foot, 3-bedroom, 2-bathroom residence. Additionally, the addition of a 796-square-foot, 2-bedroom, 2-bathroom Accessory Dwelling Unit (ADU) will provide supplementary rental income, complemented by a second junior ADU of approximately 280 square feet.
Target Rental Income: $11,200/m
Operating for more than 30-years, 1st Choice Design & Development has been a top-rated general contractor. We're privately owned & operated and have completed more than 2,000 projects.
333 City Blvd. W. Suite 1700, Orange, CA 92868 | CSLB# 576474
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