
Valley Village, California 91607
Analysis of 12642 Otsego Street, Valley Village, California 91607 is currently available with a list price of $2,998,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Property is moderate renovation needed.
While the estate is well-maintained and features modern upgrades like solar panels and a resort-style pool, the interior is described as having its 'original' kitchen and charm from 1940. Being over 80 years old with dated interior finishes and a kitchen that has not seen a major renovation in over 20 years, it falls into the fair category requiring updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18117, living area = 2217.
The massive 18,117 sq.ft. lot with a 100-foot frontage in the prestigious Magnolia Estates offers rare privacy and significant opportunities for future expansion or luxury development.
The outdoor space is a true oasis, featuring a custom pool and spa with a slide, sprawling lawns, and mature fruit trees, perfectly capturing the California indoor-outdoor lifestyle.
With four bedrooms but only two bathrooms, the home’s layout may be underserviced for modern family needs, likely requiring a costly interior reconfiguration.
Priced at nearly $3 million for 2,217 square feet of living space, the valuation leans heavily on the land value, which may deter buyers seeking more finished interior square footage at this price point.
Discover a rare gem in one of the most prestigious pockets of Valley Village, Magnolia Estates. This over 18,000 sq.ft. estate boasts a 100 ft. wide frontage with a grand circular driveway/motor court. Owned by only three families in over 87 years, this home has been lovingly maintained, preserving all of its original charm while incorporating wonderful additions such as a resort-like swimming pool and fully-owned solar panels. The formal entry leads to a spacious living room adorned with wood flooring, a cozy fireplace, leaded glass windows, and tons of natural light. The home features three bedrooms plus an office, including a primary suite with its own bath and dressing area. A large family room with wood floors, vaulted wood beam ceilings, and a fireplace offers ample space for relaxation and connects to the original and charming kitchen with a wonderful built-in banquette that connects the kitchen to the family room. The family room outfitted with a large wall of glass sliding doors flows beautifully into the majestic backyard. This backyard truly needs no explanation! It is everything we all dream to have! The custom pool and spa outfitted with a diving board and slide, multiple patio areas, gorgeous mature fruit trees, privacy from all sides, sprawling grass area, are all the epitome of the California lifestyle. Whether you're relaxing on the patio or in the jacuzzi, you'll appreciate the tranquility and privacy this home offers. The expansive lot provides endless possibilities for expansion or development. Don't miss the opportunity to own this exceptional property in Valley Village.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,217 | 2,228.286 |
| Lot Size | 18,117 | 7,332.679 |
| Price | $3.00M | $1.63M |
| Price per sq ft | $1.4K | $798 |
| Built year | 1940 | 1960 |
| HOA | $0 | $192 |
| Days on market | 13 | 51 |
Aug 27, 2026
$2,998,000
Initial Listing
Sep 10, 2024
$2,750,000
Public Record
Aug 3, 1998
$510,000
Public Record