12123 Addison Street, Los Angeles, California 91607, Los Angeles, 91607 - 3 bed, 3 bath
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12123 Addison Street
Los Angeles, California 91607
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,896Sq Ft
7,427Lot Size
Property Price
LIST PRICE$1,599,000
EST. MARKET VALUE
$1,558,231
SUMMARY
This Stunning Move-In Ready Home is listed at $1,599,000, representing a stable, fair-market valuation compared to the $1,603,458 Fair Market Value. Featuring a renovated kitchen, professional music recording studio, and a permitted 500-square-foot recreation room, the property boasts a Mint Condition Rating requiring no immediate capital expenditure. Situated in a prime Valley Village neighborhood near top-rated schools like North Hollywood Senior High, this residence offers a rare blend of creative utility and lifestyle luxury. It is the perfect fit for creative professionals or discerning homeowners seeking a turnkey sanctuary.
Estimated Market Value
$1,558,231
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12123 Addison Street Subject 3 bd · 3 ba · 1,896 sqft · $822 | $1,599,000* List Price | 3 | 3 | 1,896 | $822 | - |
A 5065 Goodland Avenue Sold 3 bd · 2 ba · 1,777 sqft · $770 · 0.8 mi | $1,369,000 | 3 | 2 | 1,777 | $770 | 0.8 mi |
B 5105 Morella Avenue Sold 2 bd · 2 ba · 1,611 sqft · $909 · 0.4 mi | $1,465,000 | 2 | 2 | 1,611 | $909 | 0.4 mi |
C 5420 Morella Avenue Sold 3 bd · 4 ba · 1,871 sqft · $855 · 0.7 mi | $1,600,000 | 3 | 4 | 1,871 | $855 | 0.7 mi |
D 11814 Hesby Street Sold 4 bd · 2 ba · 2,168 sqft · $839 · 0.4 mi | $1,820,000 | 4 | 2 | 2,168 | $839 | 0.4 mi |
E 12540 Albers Street Sold 3 bd · 3 ba · 1,816 sqft · $881 · 0.8 mi | $1,600,000 | 3 | 3 | 1,816 | $881 | 0.8 mi |
F 12005 Miranda Sold 3 bd · 3 ba · 1,847 sqft · $701 · 0.9 mi | $1,295,000 | 3 | 3 | 1,847 | $701 | 0.9 mi |
G 5618 Saint Clair Avenue Sold 3 bd · 3 ba · 2,204 sqft · $642 · 0.8 mi | $1,415,000 | 3 | 3 | 2,204 | $642 | 0.8 mi |
H 5635 Radford Sold 4 bd · 3 ba · 1,775 sqft · $789 · 0.9 mi | $1,400,000 | 4 | 3 | 1,775 | $789 | 0.9 mi |
I 12773 La Maida Street Active 3 bd · 2 ba · 1,300 sqft · $1,019 · 0.8 mi | $1,324,900 List Price | 3 | 2 | 1,300 | $1,019 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1938, the property has undergone extensive recent renovations. The kitchen features modern stainless steel appliances, recessed lighting, and updated cabinetry, while the 2.5 bathrooms are described as beautifully renovated. The inclusion of a permitted 500-square-foot recreation room and a professional recording studio, along with pristine hardwood flooring and updated systems, places this home in mint, move-in-ready condition consistent with a renovation under 5 years old.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Creative Spaces
The property features a rare 500-square-foot permitted recreation room plus a separate professional recording studio, providing exceptional value for musicians, remote professionals, or those seeking a guest retreat.
- Modernized Vintage Charm
Built in 1938, this home perfectly balances original character with thoughtful modern updates, including a renovated kitchen and bathrooms that offer contemporary luxury without sacrificing historical soul.
- Prime Valley Village Location
Situated on a picturesque tree-lined street, the home offers a blend of privacy and convenience with close proximity to Studio City’s premier dining and highly-rated schools like North Hollywood Senior High.
CONSRISKS & DEFICIENCIES
- Lack of Scenic Views
The property does not offer any significant territorial or city views, which may be a drawback for buyers comparing it to hillside properties in the nearby Studio City area.
- Vintage Infrastructure Limitations
Despite modern interior updates, the 1938 construction may present typical challenges of older homes, such as smaller closet spaces or traditional floor plan segments compared to contemporary new builds.
About 12123 Addison Street
Nestled on a picturesque, tree-lined street in the heart of Valley Village, just moments from the best of Studio City, this inviting vintage residence captures the warmth and charm of classic Valley Village living. Offering 3 bedrooms, 2.5 beautifully renovated baths, beautiful hardwood floors, elegant crown molding, ample closet and storage space, and a brand-new roof, the home blends timeless character with thoughtful modern updates. The modern kitchen features freshly painted cabinetry and opens seamlessly to the living room, creating a welcoming, open-concept space for everyday living and entertaining.The private backyard offers a peaceful retreat, with covered patios just beyond the double doors of the primary suiteperfect for morning coffee, outdoor dining, or quiet evenings under the stars.A rare highlight is the approximately 550-square-foot detached, fully permitted recreation room, offering flexibility as a guest retreat, fitness studio, home office, or creative space. Additionally, a separate 300-square-foot permitted professional music recording studio provides an exceptional opportunity for musicians, producers, podcasters, or anyone seeking an inspiring workspace. Neither space is included in the listed home square footage.Ideally located near sought-after public and private schools and just minutes from Studio City's premier dining, shopping, and entertainment, this special property offers a wonderful blend of vintage charm, modern comfort, privacy, and versatilitya warm and welcoming place to call home in one of Valley Village's most desirable neighborhoods. Walk to Gelsons, minutes from shops on Ventura and Laurel Canyon.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 7,427 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Burbank Boulevard Elementary School
Grades K-5 • 0.6 mi
7/10
Lankershim Elementary School
Grades K-5 • 1.2 mi
6/10
John B. Monlux Elementary School
Grades K-5 • 1.5 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,896 | 1,670.836 |
| Lot Size | 7,427 | 6,152.156 |
| Price | $1.60M | $1.34M |
| Price per sq ft | $843 | $807 |
| Built year | 1938 | 1941 |
| HOA | $0 | $238 |
| Days on market | 96 | 56 |
Pricing History
Listed for Sale
Aug 5, 2026
$1,599,000
Initial Listing
Sold
Jul 1, 1999
$241,000
Public Record