Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

3941 Pacheco Drive

Sherman Oaks, CA, 91403

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$440,000

MLS: 26673977

Beds

3

Baths

3

Sq Ft

4,800

Lot

0.14 ac

Year Built

MLS #

26673977

Days on Market

10

Listed

Apr 3, 2026

Description

Seller highly motivated. Accepting all offers. Rare development opportunity in prime Sherman Oaks, South of the Blvd. Approx. 6,300 sq ft lot with LADBS-approved plans for a luxury residence. Approved plans include approximately 4,800 sq ft total living space. 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 design features include 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.

Location

Sherman Oaks, Los Angeles County, CA 91403

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Listed by: Nelli Aleksanyan · TruLine Realty

Payment estimate

$3,356

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $44,000 · Loan: $396,000

%
Principal & Interest
$2,433
Property tax (1.25%)
$458
Homeowners insurance
$300
Mortgage insurance
$165
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Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Sherman Oaks home with as little as 3.5% down using an FHA loan — roughly $15,400 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

Local Market Stats

See Sherman Oaks, CA 91403 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

Only large teams outsell Mike Watson · Keller Williams Realty

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