4503 Tobias Avenue
Sherman Oaks, CA, 91403
$1,895,000
MLS: 26660261
Beds
4
Baths
4
Sq Ft
2,500
Lot
0.17 ac
Year Built
2015
MLS #
26660261
Days on Market
39
Listed
Mar 5, 2026
Description
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.
Location
Sherman Oaks, Los Angeles County, CA 91403
Open on Google Maps ↗Listed by: Ekaterina Nalbandova · Compass
Payment estimate
$13,463
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $189,500 · Loan: $1,705,500
- Principal & Interest
- $10,479
- Property tax (1.25%)
- $1,974
- Homeowners insurance
- $300
- Mortgage insurance
- $711
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
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 $66,325 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.
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