$989,000
3420 Beverly Glen
Sherman Oaks, CA, 91423
Property Description
Rare semi-approved development opportunity in prime Sherman Oaks, south of the Boulevard, just minutes from Beverly Hills and near Mulholland Drive. This is one of the last remaining projects of its kind in the area, offering exceptional city-light and mountain views.
The current owner has spent over 10 years and significant funds on the subdivision process, and a buyer can now pursue the creation of 3 separate view lots of approximately 43,680 SF, 45,450 SF, and 55,364 SF (buyer to verify). Each lot has the potential for an impressive custom estate, subject to the requirements and approvals of the City of Los Angeles.
A new buyer will need to complete grading/flattening of the property and construct an access road in order to finalize the subdivision and move forward with development. Once completed, the site could accommodate three luxury homes of roughly 5,000–10,000 SF or more per residence, depending on city regulations and buyer’s design (buyer and buyer’s architect to verify).
Based on current estimates, the land value for each finished lot without plans is projected in the range of approximately $1,350,000 to $1,500,000 per lot (subject to market conditions and buyer’s own analysis).
For full details, due diligence materials, and to discuss the subdivision status, please contact the listing agents directly.
The current owner has spent over 10 years and significant funds on the subdivision process, and a buyer can now pursue the creation of 3 separate view lots of approximately 43,680 SF, 45,450 SF, and 55,364 SF (buyer to verify). Each lot has the potential for an impressive custom estate, subject to the requirements and approvals of the City of Los Angeles.
A new buyer will need to complete grading/flattening of the property and construct an access road in order to finalize the subdivision and move forward with development. Once completed, the site could accommodate three luxury homes of roughly 5,000–10,000 SF or more per residence, depending on city regulations and buyer’s design (buyer and buyer’s architect to verify).
Based on current estimates, the land value for each finished lot without plans is projected in the range of approximately $1,350,000 to $1,500,000 per lot (subject to market conditions and buyer’s own analysis).
For full details, due diligence materials, and to discuss the subdivision status, please contact the listing agents directly.
Property Details
Price:
$989,000
MLS #:
GD26056753
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Neighborhood:
soshermanoaks
Listed Date:
Mar 26, 2026
Lot Size:
143,795 sqft / 3.30 acres (approx)
Schools
Interior
Exterior
Community Features
VLY
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CI
Financial
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Courtesy of Re/Max Tri-City Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 3420 Beverly Glen
Sherman Oaks, CA
