4747 Ambrose Avenue, Los Angeles, California 90027, Los Angeles, 90027 - 4 bed, 4 bath
4747 Ambrose Avenue
Los Angeles, California 90027
Property Price
SUMMARY
Analysis of 4747 Ambrose Avenue, Los Angeles, California 90027 reveals a property with a current list price of $2,995,000, which is 6% above the estimated $2,791,545 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4747 Ambrose Avenue Subject | $2,995,000* List Price | 4 | 4 | 2,880 | $969 | - |
A 4916 Finley Avenue Sold | $2,999,000 | 4 | 4 | 3,262 | $919 | 0.3 mi |
B 3356 Ley Drive Sold | $3,499,000 | 4 | 4 | 3,002 | $1,166 | 1.0 mi |
C 5163 Franklin Avenue Sold | $2,495,000 | 3 | 3 | 2,762 | $903 | 0.6 mi |
D 3360 Ley Drive Sold | $2,725,000 | 4 | 4 | 3,420 | $797 | 1.0 mi |
E 1979 N Alexandria Avenue Active | $2,950,000 List Price | 4 | 4 | 2,880 | $1,024 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property is a newly built home (2023) by Thomas James Homes, indicating all components are new and meet current quality standards. The images confirm a pristine condition with modern finishes throughout, including a gourmet kitchen with high-end stainless steel appliances, white shaker cabinetry, and subway tile backsplash, as well as luxurious bathrooms featuring dual vanities, modern tiling, and a freestanding soaking tub (as per description). Hardwood flooring, recessed lighting, and contemporary fixtures are consistent with a brand-new, high-quality construction.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Ivanhoe Elementary School (9/10).
- Brand New Construction
Built in 2023 by Thomas James Homes, this property offers modern design, new systems, and minimal immediate maintenance concerns, appealing to buyers seeking a move-in ready home.
- Desirable Los Feliz Location
Situated in the highly sought-after Los Feliz neighborhood, known for its vibrant community, amenities, and convenient access to other prime Los Angeles areas.
CONSRISKS & DEFICIENCIES
- Overpriced Relative to Market Estimation
The current list price of $2.995M is 6% above the estimated property value of $2.79M, and has already undergone a price reduction from its original $3.175M, suggesting potential overvaluation in the current market.
- Lack of Premium Views
The property description explicitly states 'view: None,' which could be a significant drawback in a competitive Los Angeles market where views often enhance property value and desirability, especially when compared to some local comps.
- Extended Market Time for New Build
Being on the market since January 2024 (over 9 months) for a new construction home in a prime area indicates a slower-than-expected absorption rate, potentially due to pricing or other perceived market drawbacks.
About 4747 Ambrose Avenue
Newly built home by Thomas James Homes located in Los Feliz, offers 4 bedrooms, 4 baths, and a gorgeous exterior finish. Just inside the covered front porch, you will find a pocket office with built-in desk, guest bedroom, and bath with a full bath. Prepare meals in the gourmet kitchen, which features a walk-in pantry, island with bar seating, and a breakfast nook. Cozy up by the gas fireplace of the great room for movie night and open the sliding doors to let in some fresh California air. Host magnificent dinner parties in the dining room while mingling with everyone due to the open concept floor plan. Upstairs there is an upstairs loft with a built-in desk, great for working from home or homework. Discover two additional secondary bedrooms each with en suites and the laundry room with sink. The grand suite features a trey ceiling and a luxurious bath which includes a dual-sink vanity, freestanding soaking tub, walk-in shower, and walk-in closet. New TJH homeowners will receive a complimentary 1-year membership to Inspirato, a leader in luxury travel.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2023
- Lot Size
- 6,500 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Los Feliz STEMM Magnet
Grades K-6 • 0.5 mi
Franklin Avenue Elementary School
Grades K-6 • 0.6 mi
Lexington Avenue Primary Center
Grades K-2 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,880 | 2,562 | 64% |
| Lot Size | 6,500 | 7,312.5 | 31% |
| Price | $3.00M | $2.47M | 66% |
| Price per sq ft | $1.0K | $1.0K | 57% |
| Built year | 2023 | 1935 | 97% |
| HOA | $0 | $0 | 50% |
| Days on market | 786 | 177 | 0% |
Pricing History
Sold
May 1, 2024
$2,700,000
Public Record
Sold
Apr 16, 2021
$1,685,000
Public Record
Sold
Aug 16, 2011
$839,000
Public Record
Sold
Jan 22, 2004
$675,000
Public Record