11937 Addison Street, Valley Village, California 91607, Valley Village, 91607 - 5 bed, 6 bath

11937 Addison Street, Valley Village, California 91607 home-pic-0
ACTIVE$4,695,000
11937 Addison Street, Valley Village, California 91607
5Beds
6Baths
4,819Sqft
10,146Lot
Year Built
2024
Close
-
List price
$4.7M
Original List price
$4.7M
Price/Sqft
$974
HOA
-
Days on market
-
Sold On
-
MLS number
25497060
Home ConditionExcellent
Features
Good View: Valley
Deck
Pool
Spa
Patio
ViewValley

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 3 Cons,5 Pros. Rank: price - $4.70M(98th), sqft - 4819(95th), beds - 5(85th), baths - 6(92th).

Welcome to the latest new construction from MLR Development. Known for impeccable design and top-of-the building materials, this 5 bedroom/6 bath, two-story smart house in Valley Village is, in a word, stunning. Just steps from renowned Colfax Elementary, the house's open floor plan seamlessly showcases its well thought out interior. Upon entry, you're instantly greeted by 11 ft. ceilings, a home movie theatre, and the naturally lit bedroom/bathroom at the front of the house. The dining room with a wall of side windows, overlooks the tranquil outdoor waterfall. Opposite, is the large formal living room with a marble fireplace. Floor-to-ceiling, wall-to-wall glass sliding doors, lead to the private backyard.Offering the ultimate in space configuration, the chef's kitchen with built-in Miele appliances and dual counters is opposite the living room, creating an organic flow, and perfectconnection from room to room. The backyard is an entertainer's dream - with a large patio, fire pit, gourmet kitchen and dining area, and expansive pool/spa on the side of house.Leading upstairs, the wood staircase with wrought iron spindles is dramatically lit by individual lighting on each step. On the second floor, there are four en-suite bedrooms and the laundry room. The primary suite with vaulted ceilings and a large outdoor balcony, is large and luxurious. Beautiful modern sconces hang from each side of the bed, eliminating the need for bedside lamps. This tranquil room has a large bathroom with stand-alone tub, vanity with sink, extending wall-to-wall, and patio with outdoor shower. The extra-large walk-in closet is the dream of every fashionista - with built-in shelving and cabinetry, as well as space enough for bench seating in the middle.The three other en-suite bedrooms are separatedby the full-sized laundry room. Their large windows overlook the front of the house, giving the rooms beautiful natural lighting.

Nearby schools

7/10
Burbank Boulevard Elementary School
Public,K-50.7mi
6/10
Lankershim Elementary School
Public,K-51.0mi
6/10
John B. Monlux Elementary School
Public,K-51.6mi
7/10
Rio Vista Elementary School
Public,K-51.8mi
6/10
Erwin Elementary School
Public,K-52.3mi
6/10
Walter Reed Middle School
Public,6-80.8mi
5/10
James Madison Middle School
Public,6-82.8mi
8/10
North Hollywood Senior High School
Public,9-120.4mi
6/10
Ulysses S. Grant Senior High School
Public,9-121.7mi
Condition Rating
Excellent

This property is a brand new construction (built 2024) by MLR Development, explicitly described as a 'smart house' with 'impeccable design and top-of-the-building materials.' The chef's kitchen features built-in Miele appliances and dual counters, indicating high-end, modern finishes. Bathrooms are luxurious, with the primary suite boasting a stand-alone tub and outdoor shower. All components are new, meeting current quality standards with no deferred maintenance, perfectly aligning with the 'excellent' criteria.
Pros & Cons

Pros

Brand New Construction & High-End Finishes: Built in 2024 by MLR Development, this smart house features impeccable design, top-of-the-line materials, 11 ft ceilings, built-in Miele appliances, and luxurious modern details throughout.
Exceptional Entertainment & Outdoor Living: The property boasts a dedicated home movie theatre and an entertainer's dream backyard with a large patio, fire pit, gourmet kitchen and dining area, and an expansive pool/spa.
Luxurious Primary Suite: The primary suite offers vaulted ceilings, a large outdoor balcony, a spa-like bathroom with a stand-alone tub and outdoor shower, and an extra-large walk-in closet with built-in shelving and cabinetry.
Spacious & Functional Layout: With 5 bedrooms and 6 bathrooms, an open floor plan, all en-suite bedrooms upstairs, and a dedicated full-sized laundry room, the home provides ample space, privacy, and convenience.
Desirable Location & School Proximity: Located in Valley Village, the property is just steps from the renowned Colfax Elementary and within the highly-rated North Hollywood Senior High School district.

Cons

Aggressive Pricing: The listing price of $4.695M is significantly above the estimated property value and recent comparable sales of similar new construction homes in the immediate area, potentially impacting market appeal and time on market.
Unspecified Cooling System: The property description does not explicitly mention the presence of a cooling system (e.g., central air conditioning), which is a critical amenity for comfort in Southern California's climate, especially for a luxury new build.
Absence of Key Modern Amenities: Unlike some comparable new constructions in the area, the description does not highlight increasingly sought-after features such as solar panels, all-electric systems, or an Accessory Dwelling Unit (ADU), which could be a competitive disadvantage.

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