11958 Sarah Street, Valley Village, California 91607, Valley Village, 91607 - 2 bed, 1 bath
ACTIVE$1,325,000
11958 Sarah Street, Valley Village, California 91607
2Beds
1Bath
1,100Sqft
9,238Lot
Price Vs. Estimate
The estimated value ($1,256,135.3) is $68,864.7 (5%) lower than the list price ($1,325,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: Situated on a large corner lot in what is described as a 'prime Studio City neighborhood' and 'coveted Studio City!', offering high desirability and strong potential for appreciation.
Top Cons:
Requires Extensive Project/Investment: The listing clearly states this is 'your next project' for 'Builders, Developers and Flippers,' meaning it is not move-in ready and demands significant capital and effort for renovation or a complete tear-down.
Compared to the nearby listings
Price:$1.32M vs avg $1.36M ($-35,000)46%
Size:1,100 sqft vs avg 1,793 sqft10%
Price/sqft:$1.2K vs avg $79893%
More Insights
Built in 1926 (99 years old).
Condition: Built in 1926, this property is marketed as a 'project' for 'builders, developers, and flippers,' indicating it requires substantial rehabilitation. While described as 'very presentable,' the kitchen features extremely outdated cabinets and countertops, suggesting a full renovation is needed. The lack of visible central HVAC and the age of the property imply major system replacements (electrical, plumbing, heating/cooling) are likely required. The overall condition points to significant deferred maintenance and a need for extensive modernization, aligning with the 'poor' category.
Year Built
1926
Close
-
List price
$1.32M
Original List price
$1.43M
Price/Sqft
$1,205
HOA
-
Days on market
-
Sold On
-
MLS number
SR25121233
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Looking for that next project? Look no further! Attention all Builders, Developers and Flippers, or anyone looking for a renovation, here is your next project! Large corner lot in a prime Studio City neighborhood. First time on the market for decades. Property located in coveted Studio City! Priced under land value pricing for the area. The current structure is a two bedroom one bathroom single family house that was built in 1926 and is very presentable. Tear down and build your dream home in a prime location or fix up and make your own. Addition potential or new build, looking for all the builders and flippers out there that need a new project.
Nearby schools
7/10
Rio Vista Elementary School
Public,•K-5•1.6mi
6/10
Walter Reed Middle School
Public,•6-8•0.5mi
8/10
North Hollywood Senior High School
Public,•9-12•0.9mi
Condition Rating
Poor
Built in 1926, this property is marketed as a 'project' for 'builders, developers, and flippers,' indicating it requires substantial rehabilitation. While described as 'very presentable,' the kitchen features extremely outdated cabinets and countertops, suggesting a full renovation is needed. The lack of visible central HVAC and the age of the property imply major system replacements (electrical, plumbing, heating/cooling) are likely required. The overall condition points to significant deferred maintenance and a need for extensive modernization, aligning with the 'poor' category.
Pros & Cons
Pros
Prime Location: Situated on a large corner lot in what is described as a 'prime Studio City neighborhood' and 'coveted Studio City!', offering high desirability and strong potential for appreciation.
Significant Development Potential: Explicitly marketed to 'Builders, Developers and Flippers' with 'Addition potential or new build,' indicating a clear opportunity for substantial value creation through renovation or new construction.
Large Corner Lot: The generous 9,238 sqft corner lot provides ample space and flexibility for expansion, a new custom home, or multi-unit development, a highly desirable asset in this area.
Priced Under Land Value: The property is 'Priced under land value pricing for the area,' presenting a compelling investment opportunity for those looking to maximize profit margins on a development project.
Rare Market Opportunity: Being 'First time on the market for decades' suggests a unique and rare chance to acquire a property with untapped potential in a sought-after location.
Cons
Requires Extensive Project/Investment: The listing clearly states this is 'your next project' for 'Builders, Developers and Flippers,' meaning it is not move-in ready and demands significant capital and effort for renovation or a complete tear-down.
Outdated and Small Existing Structure: Built in 1926 with only 2 bedrooms and 1 bathroom across 1100 sqft, the current house is likely functionally obsolete and will require major upgrades or demolition to meet modern living standards.
Limited Buyer Pool: Due to its 'project' nature and current condition, the property will primarily appeal to investors, builders, or flippers, narrowing the market of potential buyers compared to a move-in ready home.