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9741 Amanita Ave
Tujunga, CA

9741 Amanita Ave

$1,076,300
3 bd • 2 ba • 1,511 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,076,300

Price/Sq.Ft

$712

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 9741 Amanita Ave, Tujunga, CA 91042 offers several attractive features. At 1,511 sqft, it's 8% larger than the average 3-bedroom home in the area (1,400 sqft). The location provides scenic mountain views, evident from the image, which can command a premium in the market. The property features a spacious two-car garage, enhancing its value compared to homes with single or no garages. The well-maintained front yard with mature landscaping adds to the curb appeal and suggests pride of ownership. The home's layout, with 3 bedrooms and 2 bathrooms, is ideal for families or those needing extra space, aligning well with the current market demand. Based on local rental rates, this property could potentially generate $2,888/month in rent, suggesting a possible cap rate of 3.2% (before expenses).

The Bad

The property is priced at $712.31/sqft, which is approximately 15% above the Tujunga average of $620/sqft for similar homes. This premium pricing may limit the potential buyer pool. The lack of detailed information about the year built and specific features is concerning, as it may hide potential issues or outdated systems. The front yard appears to have drought-resistant landscaping, which while eco-friendly, may require specialized maintenance. The property's location in Tujunga comes with inherent risks such as high fire danger and potential for landslides, which could lead to higher insurance premiums (potentially 20-30% above average). The median income in the area ($73,115) suggests that this $1,076,300 property may be out of reach for many local buyers, potentially limiting resale options.

The Ugly

The property's price point of $1,076,300 translates to a monthly mortgage payment of approximately $6,500 (assuming 20% down, 30-year fixed at current rates), which is significantly higher than the area's median income can support. This could lead to affordability issues and a limited buyer pool. The lack of information on the year built raises red flags about potential hidden issues, especially if the home is older. Older homes in this area often require significant upgrades to meet current fire safety standards, which could cost $20,000-$50,000. The property's location in a high fire risk zone means ongoing fire prevention measures are crucial, potentially adding $5,000-$10,000 annually in landscaping and home hardening costs. If the home relies on a septic system or well (common in some parts of Tujunga), replacement or major repairs could run $20,000-$40,000. The hillside location may also require specialized foundation work or retaining walls in the future, easily exceeding $100,000 if major issues arise.

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

This property is best suited for buyers with a household income of at least $220,000, based on traditional lending standards (monthly payments should not exceed 28% of gross income). It's ideal for families or professionals who value space and scenic views, and are willing to pay a premium for them. The property would appeal to those who appreciate a balance between suburban living and natural surroundings, and who have experience or interest in managing the unique challenges of hillside properties. It may also attract investors looking for high-end rental properties, given the potential to command rents at the top of the local market ($2,888/month or higher for a well-maintained 3-bedroom home).

Not For

This property is not suitable for first-time homebuyers or those with limited financial resources, given its high price point and potential for additional costs related to maintenance and natural hazards. It's not ideal for buyers uncomfortable with the risks associated with living in a high fire danger area or those unwilling to invest in ongoing fire prevention measures. The property may not suit those seeking a low-maintenance lifestyle, as hillside homes often require more upkeep. Investors looking for high cap rates or immediate positive cash flow should look elsewhere, as the high purchase price makes it challenging to achieve strong returns in the current rental market.
Demographics
Area Median Income

$73,115

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Risk Assessment

Risk Analysis

The primary risk is the high fire danger in Tujunga, which could lead to evacuations, property damage, or loss. Insurance costs may increase 20-30% above average rates, with some insurers potentially refusing coverage. The hillside location increases the risk of soil instability, especially after wildfires, potentially leading to mudslides or erosion (mitigation could cost $10,000-$50,000). The high purchase price relative to local incomes may limit appreciation potential and make resale challenging in a downturn. If the home is older, it may require significant updates to meet current building codes, particularly for fire safety, which could cost $20,000-$50,000. The lack of public transportation and longer commute times to major employment centers in Los Angeles could impact future resale value as buyer preferences evolve.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,193,344

10.9% above list price

Median Price

$1,275,000

Based on 6 recent sales

Price per Sq.Ft

$803

Comparable Properties

7034 Estepa Drive, Tujunga, CA 91042
Price: $1,370,000
Sq.Ft: 1,697
Beds/Baths: 3/2
$/Sq.Ft:
$80713.3%
Sale Date: 11/19/2024
10133 Leona Street, Tujunga, CA 91042
Price: $910,000
Sq.Ft: 1,412
Beds/Baths: 3/2
$/Sq.Ft:
$6449.5%
Sale Date: 10/18/2024
3840 2nd Avenue, La Crescenta, CA 91214
Price: $1,275,000
Sq.Ft: 1,400
Beds/Baths: 3/2
$/Sq.Ft:
$91127.9%
Sale Date: 10/17/2024
3335 Santa Carlotta St, La Crescenta, CA 91214
Price: $1,305,000
Sq.Ft: 1,506
Beds/Baths: 3/2
$/Sq.Ft:
$86721.7%
Sale Date: 9/18/2024
3711 Los Olivos Lane, La Crescenta, CA 91214
Price: $1,150,000
Sq.Ft: 1,356
Beds/Baths: 3/2
$/Sq.Ft:
$84819.1%
Sale Date: 10/21/2024
9355 Skyview Terrace, Tujunga, CA 91042
Price: $1,150,064
Sq.Ft: 1,557
Beds/Baths: 3/2
$/Sq.Ft:
$7393.7%
Sale Date: 9/25/2024

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