Price reduced to $480,000. Seller is motivated. Rare opportunity in Sherman Oaks, South of the Blvd. LADBS-approved plans for approx. 4,800 sq ft luxury home. Lower level (street level) approx. 2,400 sq ft basement with flexibility for buyer modifications and additional rooms. Upper level includes 3 bedrooms and 3 bathrooms, approximately an additional 2,400 sq ft. Approved plans feature approx. 24 ft building height and 96 ft length with rooftop deck potential. Caissons and grading completed; permits issued and plan check fees paid. Buyer to take over and complete construction. Seller provides approved plans, completed work to date, LADBS inspection approvals, soil engineering report, and survey report. Per permit requirements, four oak trees must be planted after completion of construction. Excellent location near shops, dining, and schools. Buyer to verify all information and development potential. Property visible from street; showings by appointment only.