4333 Dixie Canyon Los Angeles, CA 91423
Development Opportunity in Sherman Oaks
SOLD: $1,062,500 PRICE PER SQUARE FOOT/LAND: $168
We are pleased to announce the sale of 4333 Dixie Canyon Ave a rare redevelopment opportunity in one of the most supply constrained pockets of Sherman Oaks. The property sold for $1,062,000 which equates to a $168 price per square foot of land. The site was previously improved with a duplex and was acquired for redevelopment into five newly constructed townhomes.
Very few new construction opportunities exist in this immediate area making the project especially noteworthy. The redevelopment represents a modern infill solution in a neighborhood where new product is scarce and demand remains consistently strong.
David Saghian represented both the buyer and the seller in this transaction, which successfully repositioned the site into a higher and best use residential development.
Investment Highlights
Sold for $1,062,500 reflecting a land value of $168 per square foot
Rare new construction development opportunity in a highly supply constrained pocket with very limited comparable projects
Previously improved with a duplex and successfully redeveloped into 5 modern townhomes
Strong West Valley location with consistent demand for newly built residential product
Ideal infill development play benefiting from high barriers to entry
Buyer and seller represented by David Saghian
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com