12506 Emelita Street, Valley Village, California 91607, Valley Village, 91607 - 2 bed, 2 bath

12506 Emelita Street, Valley Village, California 91607 home-pic-0
ACTIVE$1,189,000
12506 Emelita Street, Valley Village, California 91607
2Beds
2Baths
1,214Sqft
7,972Lot
Year Built
1947
Close
-
List price
$1.19M
Original List price
$1.19M
Price/Sqft
$979
HOA
-
Days on market
-
Sold On
-
MLS number
SR25109473
Home ConditionGood
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.19M(24th), sqft - 1214(14th), beds - 2(27th), baths - 2(50th).

A rare opportunity in one of Valley Village’s most desirable neighborhoods, this delightful 2-bedroom, 2-bathroom gated home offers both immediate comfort and exciting potential. Set on a spacious lot, with a circular driveway, the home features a refreshing pool and a deep, private yard. Inside, the updated kitchen flows seamlessly into a cozy living area, creating a warm, functional space. What truly sets this property apart is its untapped potential. With ample lot size and favorable zoning (buyer to verify), there's a rare opportunity to expand the existing footprint and potentially add both an ADU and a junior ADU—transforming this single-family home into a potentially profitable 3-unit property. Whether you’re an investor looking for rental income or a homeowner envisioning a multi-generational setup, this property opens the door to versatile living and long-term value. Run the numbers!This home makes sense from many angles!

Condition Rating
Good

The property, built in 1947, presents as move-in ready due to significant recent updates. The interior features modern laminate/engineered wood flooring, fresh paint, recessed lighting, and contemporary ceiling fans. Both bathrooms have been updated with modern vanities, fixtures, and subway tile. The kitchen includes white shaker cabinets and stainless steel appliances, but the white tile countertops are a dated element. Despite the age of the original structure, the visible renovations suggest an extensive update within the last 5-15 years, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7972, living area = 1214.
Development Potential: Rare opportunity to expand the existing footprint and potentially add both an ADU and a junior ADU, transforming it into a profitable 3-unit property.
Prime Valley Village Location: Situated in one of Valley Village’s most desirable neighborhoods, offering strong long-term value and appeal.
Spacious & Private Outdoor Living: Features a generous lot with a circular driveway, refreshing pool, and a deep, private yard perfect for entertaining and relaxation.
Updated Kitchen: The kitchen has been updated, providing a modern and functional space that flows seamlessly into the living area.
Gated Property: The home is gated, offering enhanced privacy and security for residents.

Cons

Smaller Interior Square Footage: At 1214 sqft, the home's interior is relatively small for a single-family residence in this price range and neighborhood, especially given the lot size.
Age of Property: Built in 1947, the property may require ongoing maintenance or further modernization beyond the updated kitchen to meet contemporary standards.
Potential Overpricing: The list price of $1,189,000 is significantly higher than the estimated property value of approximately $1,060,000, which could impact buyer interest and negotiation.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state