R3 ZONED property! Right in the heart of Sherman Oaks. This is the property your builders have been waiting for. What an incredible opportunity to develop one of the last few R3 zoned lots in Sherman Oaks. Just steps away from Ventura Boulevard. It has the potential to build up to 9 units, possibly more with a density bonus, for maximum income. On the property currently sits a well maintained two bedroom, two bath home. The home is traditional in style, with hardwood floors, and original tile. In both living spaces is a charming dual sided brick fireplace. The home has the grace and presence of the 1940s. This could make for an exceptional rental while planning your development project. Many years ago, the owners added a detached ADU to the back of the property. This is a separate one bedroom living space which includes, a living room, kitchen, bedroom, walk in closet, and a full bath. The ADU is currently tenant occupied. There is a spacious two car garage in the back of the property for the main house. It also offers a peaceful little courtyard and parking space just behind the main home. Walking distance to all the finest restaurants and shops that Sherman Oaks has to offer. Centrally located for your convenience to the canyons and the 101 Freeway. Do not miss this one, it will go quickly!