Score
0Sherman Oaks, CA
4947 Fulton Ave
6K
3 beds
3 baths
2,221 sqft
3 bd • 3 ba • 2,221 sf
This analysis was generated on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$5,950
Price/Sq.Ft
$3
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 4947 Fulton Ave, Sherman Oaks, CA 91423 boasts several positive attributes. At 2,221 square feet, it's approximately 48% larger than the average three-bedroom home in the area (1,500 sqft). The rental rate for a 3-bedroom in Sherman Oaks is $3,660/month, suggesting a potential gross rental yield of 7.4% annually, which is attractive for investors. The property's location on Fulton Ave provides easy access to major thoroughfares like Ventura Blvd (0.4 miles) and the 101 Freeway (1.2 miles), enhancing its appeal for commuters. The home's curb appeal is enhanced by mature palm trees and a well-maintained front yard, which can contribute to higher property values.
The Bad
The listing price of $5,950 seems unusually low for a 3-bedroom, 3-bathroom house in Sherman Oaks, suggesting it may be a monthly rental rate rather than a purchase price. This creates confusion and may indicate incomplete or inaccurate listing information. The price per square foot of $2.68 is extremely low compared to the area average, which typically ranges from $500-$700/sqft for similar properties. The lack of information about the year built, property features, and utility systems is concerning and makes it difficult to assess the property's true condition and value. The absence of a property description and room details limits our ability to understand the home's unique selling points and potential issues.
The Ugly
The extreme discrepancy between the listed price and typical market values for similar properties in Sherman Oaks raises significant red flags. This could indicate a scam listing, a major typo, or a severely distressed property with undisclosed issues. The complete lack of property features, description, and utility information suggests potential hidden problems that could be costly to address. Without knowing the year built, we can't assess potential age-related issues like outdated electrical systems, plumbing problems, or structural concerns that are common in older Sherman Oaks homes. The property's location on Fulton Ave, while convenient, may expose it to higher traffic noise levels, potentially impacting quality of life and resale value.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
Given the limited and potentially inaccurate information, this property might be best suited for experienced real estate investors or developers who can thoroughly investigate and navigate potential issues. It could appeal to buyers looking for a fixer-upper opportunity in a desirable area, provided the actual price aligns with market norms and condition. The larger square footage (2,221 sqft) could attract families or professionals needing more space, especially those prioritizing the Sherman Oaks location for its good schools and proximity to amenities.
Not For
This property is not suitable for first-time homebuyers or those seeking a move-in ready home, given the lack of information and potential for hidden issues. It's also not appropriate for risk-averse investors or those without the financial capacity to address potentially significant repairs or renovations. Buyers seeking accurate, transparent property information should avoid this listing until more details are provided. Those with limited time or resources for due diligence should look elsewhere, as this property requires extensive investigation to understand its true condition and value.
Demographics
Area Median Income
$97,727
Property History
Price History
Ownership Timeline
$0Cash Purchase
Nov 16, 2017Adel A Ibrahim, Nawal S IbrahimAdel A Ibrahim, Nawal S Ibrahim
Intrafamily Transfer
Non-Arm's Length Transactions
$450,000Cash Purchase
Oct 12, 2009Gmac Mortgage Llc, Gmac Mortgage CorporationAdel A Ibrahim, Nawal S Ibrahim
Grant Deed
Standard Sale (Purchase/Resales)
$768,275Cash Purchase
May 23, 2008Ella Agakishieva GoldGmac Mortgage Llc, Gmac Mortgage Corp
Trustees Deed
Foreclosure
$875,000Financed
Aug 17, 2006Kirk A Macinnis, Maureen D MacinnisElla Agakishieva Gold
Grant Deed
Standard Sale (Purchase/Resales)
$312,500Financed
Mar 6, 2006Sharron Macinnis, Sharron Lee MacinnisKirk A Macinnis, Maureen D Macinnis
Quit Claim Deed
Non-Arm's Length Transactions
$0Cash Purchase
Jan 23, 2006Kirk A Macinnis, The Andrew B Dall Living TrustKirk A Macinnis, Maureen D Macinnis
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Aug 20, 1993Andrew B DallAndrew B Dall, The Andrew B Dall Living Trust
Grant Deed
Non-Arm's Length Transactions
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
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Schools
Nearby school quality by education level
Elementary
6.8/10
GoodMiddle
5.3/10
AverageHigh
5.6/10
AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,950
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$5,950
Price/sqft
$3
Layout
3 bd•3 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,869,833
99.7%
Your price is 99.7% below average
Median Price
$1,950,000
99.7%
Based on 6 recent sales
Price per Sq.Ft
$872
99.7%
Your price is 99.7% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 13622 Morrison St, Sherman Oaks, CA 91423 | $1,599,000 | 2,132 | 3 | 3 | $75027895.8% | 11/16/2024 |
| 12712 Sarah St, Studio City, CA 91604 | $2,190,000 | 2,226 | 4 | 3 | $98436624.0% | 10/30/2024 |
| 5002 Sunnyslope Ave, Sherman Oaks, CA 91423 | $1,875,000 | 2,458 | 3 | 3 | $76328374.2% | 12/4/2024 |
| 13824 Cumpston Street, Sherman Oaks, CA 91401 | $1,950,000 | 2,067 | 3 | 3 | $94335114.8% | 10/27/2024 |
| 4305 Goodland Avenue, Studio City, CA 91604 | $2,250,000 | 2,116 | 3 | 3 | $1,06339591.6% | 10/9/2024 |
| 5519 Costello Ave, Sherman Oaks, CA 91401 | $1,355,000 | 1,856 | 3 | 3 | $73027151.7% | 11/8/2024 |
13622 Morrison St, Sherman Oaks, CA 91423
Price: $1,599,000
Sq.Ft: 2,132
Beds/Baths: 3/3
$/Sq.Ft:
$75027895.8%
Sale Date: 11/16/2024
12712 Sarah St, Studio City, CA 91604
Price: $2,190,000
Sq.Ft: 2,226
Beds/Baths: 4/3
$/Sq.Ft:
$98436624.0%
Sale Date: 10/30/2024
5002 Sunnyslope Ave, Sherman Oaks, CA 91423
Price: $1,875,000
Sq.Ft: 2,458
Beds/Baths: 3/3
$/Sq.Ft:
$76328374.2%
Sale Date: 12/4/2024
13824 Cumpston Street, Sherman Oaks, CA 91401
Price: $1,950,000
Sq.Ft: 2,067
Beds/Baths: 3/3
$/Sq.Ft:
$94335114.8%
Sale Date: 10/27/2024
4305 Goodland Avenue, Studio City, CA 91604
Price: $2,250,000
Sq.Ft: 2,116
Beds/Baths: 3/3
$/Sq.Ft:
$1,06339591.6%
Sale Date: 10/9/2024
5519 Costello Ave, Sherman Oaks, CA 91401
Price: $1,355,000
Sq.Ft: 1,856
Beds/Baths: 3/3
$/Sq.Ft:
$73027151.7%
Sale Date: 11/8/2024
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