4731 Tyrone Avenue, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 3 bed, 2 bath

4731 Tyrone Avenue, Sherman Oaks, California 91423 home-pic-0

4731 Tyrone Avenue

Sherman Oaks, California 91423

ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,831Sq Ft
13,539Lot Size

Property Price

LIST PRICE$1,495,000
EST. MARKET VALUE
$1,397,335
6% AboveMARKET VALUE

SUMMARY

Analysis of 4731 Tyrone Avenue, Sherman Oaks, California 91423 reveals a property with a current list price of $1,495,000, which is 6% above the estimated $1,397,335 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Sherman Oaks Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,397,335
Based on Realkey algorithm analyzing recent comparable sales in Sherman Oaks.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
4731 Tyrone Avenue
Subject
$1,495,000*
List Price
321,831$763-
A
5042 Stern Avenue
Sold
$1,150,000321,985$5790.7 mi
B
4148 Camino De La Cumbre
Active
$1,595,000
List Price
332,002$7970.8 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1960, the property is well-maintained but shows significant signs of age. While the kitchen is described as 'updated' and features a functional layout with a breakfast nook, the overall interior styling, including the flooring, two-sided fireplace, and light fixtures, reflects an older era. The listing's heavy emphasis on 'development potential,' 'investors,' and 'reimagining the residence' indicates that the home, while livable, requires modernization and minor repairs to meet current luxury standards for the Sherman Oaks Fashion Square neighborhood.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13539, living area = 1831.

  • Great Schools

    Elementary School: Warner Avenue Elementary School (9/10).

  • Prime Fashion Square Location

    Situated in the highly coveted Fashion Square District, this property offers exceptional walkability to premier amenities including Westfield Fashion Square, Trader Joe’s, and prestigious institutions like Notre Dame High School.

CONSRISKS & DEFICIENCIES

  • Modernization Needs

    Despite an updated kitchen, the 1960s construction and overall description suggest the home requires significant further investment or a complete overhaul to meet the standards of modern luxury buyers.

  • Underperforming Local Public Schools

    While the area is known for elite private schools, the assigned public middle school carries a low rating, which may be a concern for families prioritizing the public school system.

About 4731 Tyrone Avenue

Set back from the street, gated & secluded this sprawling 13,539-square-foot lot offers exceptional privacy in one of Sherman Oaks most coveted neighborhoods—the Fashion Square District. The home features a spacious living room with French doors and a cozy two-sided fireplace shared with the formal dining room. A convenient pass-through counter connects the dining room to the updated kitchen, which includes a charming breakfast nook. Three generously sized bedrooms and two bathrooms provide comfortable accommodations for family and guests, along with a dedicated laundry room featuring its own sink and ample storage. The private backyard is surrounded by mature landscaping and features a patio ideal for relaxing or entertaining. Additional highlights include a multi-purpose room at the rear of the home—perfect for a home office, creative studio, or artist’s retreat—an attached two-car garage, and abundant potential throughout. This property presents a rare opportunity for developers, investors, or buyers seeking to create a custom dream home, whether by developing the land or reimagining the existing residence. Ideally located within walking distance to premier neighborhood amenities, including Trader Joe’s, Westfield Fashion Square Mall, parks, and popular restaurants. The property is also within walking distance to Notre Dame High School and conveniently close to prestigious private schools such as Buckley School, Harvard-Westlake School, and St. Francis de Sales School. Bring your vision and unlock the full potential of this exceptional property—an outstanding opportunity to create a truly special home in a prime location.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1960
Lot Size
13,539 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sherman Oaks Unified Schools

Kester Avenue Elementary School

Grades K-5 • 1.0 mi

9/10

Erwin Elementary School

Grades K-5 • 2.1 mi

6/10

John B. Monlux Elementary School

Grades K-5 • 2.6 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
48%
Baths2.03.0
34%
Square foot1,8312,222
30%
Lot Size13,5397,425.5
90%
Price$1.50M$1.76M
23%
Price per sq ft$816$814
52%
Built year19601951
71%
HOA$0$0
50%
Days on market7158
1%

Pricing History

Listed for Sale

Feb 27, 2026

$1,495,000

Initial Listing

Sold

Jun 9, 2004

$700,000

Public Record

Sold

Oct 31, 2003

$650,000

Public Record

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