
Valley Village, California 91607
This Value-Add Residential Asset is a Strong Value Opportunity with a List Price of $370,000—positioned well below the $374,581 Fair Market Value by 1%. This valuation gap provides $4,581 in Instant Equity at closing. Currently maintaining a Fair Condition Rating, the unit features a functional layout with a stone fireplace and private balcony, though it requires cosmetic modernization to maximize ROI. With a tenant in place and proximity to Top-Rated Schools like North Hollywood Senior High, this property ensures stable rental demand. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to build wealth through forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12321 Riverside Drive 204 Subject | $370,000* List Price | 1 | 1 | 698 | $537 | - |
A 5257 Radford Avenue 314 Sold | $359,000 | 1 | 1 | 643 | $558 | 0.8 mi |
B 5437 Corteen Place 212 Active | $399,000 List Price | 1 | 1 | 829 | $481 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, this property is over 45 years old and maintains a largely dated interior. While the fireplace features an updated stone surround, the kitchen and bathroom appear to have older cabinetry and fixtures consistent with a 'Fair' rating (>20 years old). The presence of plush carpeting and the overall 'lived-in' description suggest the unit is functional but requires cosmetic updates and modernization.
Situated in the highly desirable Valley Village neighborhood, the property offers excellent proximity to major transportation, shopping, and top-rated schools like North Hollywood Senior High.
The complex provides valuable lifestyle features including secured access, dedicated under-building parking, and a private pool, enhancing its appeal for both residents and investors.
The unit features a well-proportioned layout with an updated stone fireplace, a private balcony, and large sliding glass doors that maximize natural light throughout the living area.
The property is sold with a tenant in place, which limits immediate occupancy for owner-users and requires the buyer to assume all existing landlord responsibilities.
The unit lacks in-suite laundry hookups, requiring residents to use the communal on-site laundry room, which can be a drawback for modern buyers seeking maximum convenience.
Welcome to this spacious 1-bedroom, 1-bathroom second-floor condominium located in the desirable neighborhood of Valley Village. This inviting unit offers a functional and comfortable layout, highlighted by a generously sized living room with plush carpeting, a cozy fireplace with updated stone surround, and sliding glass doors that bring in abundant natural light and provide access to a private balcony. Adjacent to the living area is a dedicated dining space that flows seamlessly into the kitchen, which features ample cabinetry and counter space, creating a practical environment for everyday living. The bedroom is well-proportioned with plenty of natural light and closet space, while the bathroom is conveniently located and easily accessible. The unit maintains a warm, lived-in feel and presents an excellent opportunity for both investors and owner-users alike. The building offers desirable amenities including secured access, under-building parking, an on-site laundry room, and a private pool perfect for relaxing on warm Southern California days. Ideally situated near shopping, dining, and major transportation routes, this property combines convenience and value in a sought-after location. Please note: the unit will be delivered with the current tenant in place, and tenant responsibility will be assumed by the buyer.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.5 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 20% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 698 | 1,252 | 12% |
| Lot Size | 12,489 | 18,187 | 28% |
| Price | $370.0K | $630.0K | 8% |
| Price per sq ft | $530 | $511 | 56% |
| Built year | 1977 | 1980 | 40% |
| HOA | $450.0 | $498 | 32% |
| Days on market | 30 | 150 | 4% |
May 7, 2026
$370,000
Initial Listing