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

12244 Tiara Street, Valley Village, California 91607 home-pic-0

12244 Tiara Street

Valley Village, California 91607

ACTIVE
CONDITION: GOOD
5Beds
5Baths
4,308Sq Ft
11,774Lot Size

Property Price

LIST PRICE$2,399,000
EST. MARKET VALUE
$2,509,654
4% BelowMARKET VALUE

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

$2,509,654 +$110,654 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Valley Village.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
88%
Baths5.02.0
88%
Square foot4,3081,805
94%
Lot Size11,7746,928
96%
Price$2.40M$1.40M
82%
Price per sq ft$557$786
4%
Built year20081948
86%
HOA$0$0
50%
Days on market4154
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

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