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6516 Longridge Avenue
About This Property
The footprint already delivers what new construction can't: vaulted wood-beam ceilings, clerestory windows pouring natural light across an open living and dining great room, and saltillo tile flowing through the main living areas. Kitchen, baths, garage, and exterior systems are ready for a full reset.
The real value is the lot. Nearly a quarter acre opens the door to ADU income, a primary expansion, or a full redesign with room left for outdoor living. Steps to Burbank Blvd shops and restaurants, minutes to Ventura Blvd dining in Sherman Oaks, quick access to the 101 and 405 for studio, downtown, or Westside commutes. LAUSD attendance zone with magnet and charter options. Sherman Oaks Galleria, Van Nuys Civic Center, and Hollywood Burbank Airport all close. The neighborhood is appreciating fast as buyers get priced out of Sherman Oaks proper.
Sold as-is, no repairs, no warranties. Cash, conventional renovation, or hard money only. No inspections on file. Buyer to verify all SF, lot size, permits, and zoning with the City of LA. Bring your vision and your contractor. Call your Realtor to schedule a tour and make an offer today!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 21, 2026 | Sold | ||
| Sold | |||
| Jun 23, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Listed by eXp Realty of California Inc | $849,950 | |
| Listed by eXp Realty of California Inc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017