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4947 Fulton Ave
Sherman Oaks, CA

4947 Fulton Ave

$5,950
3 bd • 3 ba • 2,221 sf

This analysis was generated by artificial intelligence on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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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

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Risk Assessment

Risk Analysis

The primary risk is the severe lack of information, which could mask serious issues with the property. The unusually low price point may indicate undisclosed problems like foundation issues, extensive damage, or legal complications. Without knowing the year built, there's a risk of outdated systems requiring costly upgrades (e.g., electrical, plumbing, HVAC). Sherman Oaks has a moderate earthquake risk (6/10 on Earthquake Risk Index), and without proper information, it's impossible to assess the home's seismic readiness. The area also has an elevated fire risk (7/10 on Fire Factor scale) due to its proximity to canyons and wooded areas. Potential zoning or permit issues could exist, especially if unpermitted additions or renovations have been made. The property's location on Fulton Ave may expose it to higher traffic noise, potentially affecting quality of life and future resale value.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,869,833

31325.8% above list price

Median Price

$1,950,000

Based on 6 recent sales

Price per Sq.Ft

$872

Comparable Properties

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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