Prime Sherman Oaks Development Opportunity! Located in one of Sherman Oaks’ most desirable neighborhoods surrounded by high-end single-family homes, this offering consists of two side-by-side vacant lots—each with its own APN and street address (5511 Calhoun Ave and 5515 Calhoun Ave). The existing house has already been demolished, and a recorded lot split is in place (see attached). Each R1-zoned lot offers the potential to build a custom home of up to approximately 4,000 square feet plus an ADU (Buyer to rely on their own due diligence and verify with the City). Currently, the property has one water and one sewer meter serving the site. The owner is open to selling both lots together or individually, providing excellent flexibility for builders, investors, or end users looking to create their dream home. This is a rare chance to develop in a premier Sherman Oaks location — don’t miss it!