Location! Location! Location! Rare Opportunity in Prime Sherman Oaks Just one block from Ventura Blvd, this exceptional property features two separate single-family, one-story homes on one lot ideal for owner-users or investors. The front house (4503) was completely rebuilt in 2015 and is currently vacant, with a market rent of $4,000/month. The rear house (4501) was newly constructed in 2015 and is tenant-occupied with a one-year lease through 6/10/2026.Both homes offer open floor plans with high ceilings, modern kitchens, laminate flooring throughout, tankless water heaters, central A/C and heat, and in-unit laundry. Each unit has its own private fenced backyard. Parking includes two private garages plus three additional uncovered spaces. A unique value-add opportunity exists to build a second story on the front house, potentially expanding it to approximately 2,800 sq ft (buyer to verify).Perfect for living in one unit while generating rental income from the other or as a strong dual-rental investment. One price - two houses! Call listing agent for additional details.

Based on information submitted to CRMLS as of May 15, 2026 2:25 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 4503 Tobias Avenue

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Property Details of 4503 Tobias Avenue

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Encino