12244 Tiara Street, Valley Village, California 91607, Valley Village, 91607 - 5 bed, 5 bath

12244 Tiara Street
Valley Village, California 91607
Property Price
SUMMARY
Analysis of 12244 Tiara Street, Valley Village, California 91607 reveals a Prime Investment Opportunity with a current list price of $2,399,000—significantly undercutting the $2,509,654 Fair Market Value by 4%. This valuation gap indicates a +$110,654 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Valley Village 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
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property was rebuilt and extensively remodeled in 2008, placing it within the 10-20 year age bracket for a 'good' rating. It is move-in ready with high-end features including KitchenAid Professional appliances, Viking outdoor kitchen, distressed walnut flooring, and travertine tile. While the home is exceptionally well-maintained and includes modern efficiency upgrades like paid-off solar panels and tankless water heaters, the Tuscan-inspired aesthetic and specific finishes (granite countertops, stone backsplashes) reflect the 2008 renovation period rather than a contemporary 'excellent' renovation from the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Multi-Structure Layout
The property includes a 762 SF detached guesthouse and a 525 SF upstairs retreat, offering exceptional flexibility for a home office, studio, or multi-generational living arrangements.
- Resort-Style Outdoor Amenities
The expansive 11,774 SF lot features a high-end outdoor kitchen with a Viking BBQ and Italian pizza oven, paired with a private garden pool, creating a premier space for entertaining.
- High-End Finishes & Efficiency
The home boasts premium materials like distressed walnut flooring and travertine, complemented by modern, cost-saving upgrades including paid-off solar panels and tankless water heaters.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4308, other record living area = 3021. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
- Disconnected Bonus Space
The 525 SF upstairs retreat is only accessible via private exterior stairs, which may be inconvenient for families desiring an integrated indoor floor plan.
- Lack of Scenic Views
Despite the luxury 'estate' branding and high price point, the property offers no significant views, which may be a drawback for buyers seeking a scenic backdrop.
About 12244 Tiara Street
The Villa on Tiara! Tuscan-inspired private luxury compound situated on a large, private 11,774 SF lot along a picturesque, tree-lined street in highly desirable Valley Village. Rebuilt and extensively remodeled in 2008, this exceptional property offers refined finishes, thoughtful design, and resort-style amenities ideal for both grand entertaining and everyday living.The 3,021 SF main residence features a custom gourmet kitchen at the heart of the home, complete with center island, granite countertops, stone backsplash, custom cabinetry, and KitchenAid Professional stainless-steel appliances, including a built-in refrigerator. Travertine flooring enhances both the kitchen and the spacious family room, which offers vaulted ceilings, a mantled fireplace, and French doors that open to the expansive backyard.The formal living room is warm and inviting with a fireplace, built-in bookcase, and picture window overlooking the front yard. The luxurious primary suite includes a massive walk-in closet with custom organizers and a spa-inspired bath with soaking tub, dual-sink stone vanity, and frameless glass stone shower. Three additional bedrooms are located in the main house, including two with en-suite baths. Distressed walnut hardwood floors enhance many of the main living areas and bedrooms, adding warmth and character throughout.Designed for exceptional outdoor living, the expansive patio features a professional Viking Range built-in BBQ system, Italian wood-burning pizza oven, wet bar, and retractable shade awning. Steps lead to an Italian-style garden pool with outdoor shower, creating a true private retreat.A detached 762 SF three-room guesthouse/recreation house with bath provides versatile space for guests, office, gym, studio, or pool house.Private exterior stairs on the side of the home lead to a 525 SF upstairs retreat, ideal for a child's playroom, teen haven, or flexible bonus/storage space.Additional highlights include paid off solar panels, dual-zoned HVAC for the main house, tankless water heaters, water softening system, separate laundry room, and a two-car garage.A rare opportunity to own a private Tuscan-inspired estate on an expansive lot in one of Valley Village's most desirable neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2008
- Lot Size
- 11,774 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 88% |
| Baths | 5.0 | 2.0 | 88% |
| Square foot | 4,308 | 1,805 | 94% |
| Lot Size | 11,774 | 6,928 | 96% |
| Price | $2.40M | $1.40M | 82% |
| Price per sq ft | $557 | $786 | 4% |
| Built year | 2008 | 1948 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 154 | 2% |
Pricing History
Listed for Sale
Mar 2, 2026
$2,399,000
Initial Listing
Sold
Nov 27, 2018
$1,399,000
Public Record
Sold
Jul 2, 2014
$1,230,000
Public Record
Sold
Jul 20, 1994
$195,000
Public Record













































