12243 Collins Street, Valley Village, California 91607, Valley Village, 91607 - 4 bed, 3 bath

12243 Collins Street, Valley Village, California 91607 home-pic-0
ACTIVE$1,495,000
12243 Collins Street, Valley Village, California 91607
4Beds
3Baths
2,071Sqft
5,565Lot
Year Built
1952
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$722
HOA
-
Days on market
-
Sold On
-
MLS number
25495679
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 44% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.50M(59th), sqft - 2071(68th), beds - 4(68th), baths - 3(53th).

Welcome to a beautifully updated Contemporary Mediterranean Valley Village charmer with a permitted ADU / Guest unit. Live in one, rent out the other! Located in a highly desirable picturesque neighborhood, this wonderful home features 3 bed/ 2 bath in the main house plus 1 bed 1 bath in the separate detached, gated ADU (can be rented for $2,500). Expansive family room which opens to a spacious dining room with beautiful vaulted wood beamed ceilings for entertaining and hosting. A gourmet kitchen with stone counters & stainless steel appliances. Beautiful hardwood floors encompass all three bedrooms, each generously sized. A large master suite is highlighted by a spa like master bathroom, two spacious closet areas, a separate office area with wood beamed ceilings and French doors that open to the fantastic backyard! The guest unit was built in 2019 with all new features throughout! Other upgrades include dual pane windows, newer systems, tankless water heater. New concrete driveway and custom stone pavers in the backyard. This is an amazing opportunity to move turn key into a highly sought after neighborhood AND easy rental income. Close to houses of worship, NOHO west shopping center, Dining and FWY accessible near 170 and 101.

Condition Rating
Excellent

Despite being built in 1952, the property has undergone extensive and recent renovations, including a permitted ADU built in 2019 with all new features. The main house boasts a gourmet kitchen with stone counters and stainless steel appliances, a spa-like master bathroom, beautiful hardwood floors, dual-pane windows, newer systems, and a tankless water heater. The description explicitly states it's 'beautifully updated' and 'move turn key,' indicating all components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Permitted ADU with Income Potential: The property includes a permitted, detached ADU (built in 2019 with all new features) that can be rented for an estimated $2,500, offering significant rental income or multi-generational living opportunities.
Extensive Modern Updates & Turnkey Condition: The main house and ADU are beautifully updated with a gourmet kitchen, spa-like master bathroom, dual pane windows, newer systems, tankless water heater, new concrete driveway, and custom stone pavers, making it move-in ready.
Desirable Valley Village Location: Located in a highly sought-after picturesque neighborhood, offering convenient access to houses of worship, NOHO West shopping center, dining, and major freeways (170 and 101).
Spacious & Well-Designed Interior: Features an expansive family room, spacious dining room with vaulted wood beamed ceilings, and a large master suite with an office area, providing ample space for living and entertaining.
Quality Finishes & Features: Boasts beautiful hardwood floors throughout the bedrooms, stone counters and stainless steel appliances in the gourmet kitchen, and vaulted wood beamed ceilings, enhancing the property's aesthetic and value.

Cons

Significant Valuation Discrepancy: The listing price of $1.495M is substantially higher than the estimated property value and recent comparable sales in the area, which could lead to a longer time on market or require a price adjustment.
Older Core Structure (1952): Despite extensive updates, the property's original construction year of 1952 may raise concerns for some buyers regarding the age of the foundation or other core systems not explicitly mentioned as fully replaced.
Absence of Premium Outdoor Amenities: While the backyard is described as 'fantastic' with custom stone pavers, the property lacks high-demand outdoor features such as a swimming pool or an elaborate outdoor kitchen, which are often expected at this price point in the Valley Village market.

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