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12243 Collins Street, Valley Village, California 91607, Valley Village, 91607 - 4 bed, 3 bath

12243 Collins Street, Valley Village, California 91607 home-pic-0
ACTIVE$1,495,000
12243 Collins Street, Valley Village, California 91607
4Beds
3Baths
2,071Sqft
5,565Lot
Year Built
1952
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$722
HOA
-
Days on market
-
Sold On
-
MLS number
25530165
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 44% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.50M(59th), sqft - 2071(68th), beds - 4(68th), baths - 3(53th).

Welcome to a beautifully updated Contemporary Mediterranean Valley Village charmer with a permitted ADU / Guest unit. Live in one, rent out the other! Located in a highly desirable picturesque neighborhood, this wonderful home features 3 bed/ 2 bath in the main house plus 1 bed 1 bath in the separate detached, gated ADU (can be rented for $2,500). Expansive family room which opens to a spacious dining room with beautiful vaulted wood beamed ceilings for entertaining and hosting. A gourmet kitchen with stone counters & stainless steel appliances. Beautiful hardwood floors encompass all three bedrooms, each generously sized. A large master suite is highlighted by a spa like master bathroom, two spacious closet areas, a separate office area with wood beamed ceilings and French doors that open to the fantastic backyard! The guest unit was built in 2019 with all new features throughout! Other upgrades include dual pane windows, newer systems, tankless water heater. New concrete driveway and custom stone pavers in the backyard. This is an amazing opportunity to move turn key into a highly sought after neighborhood AND easy rental income. Close to houses of worship, NOHO west shopping center, Dining and FWY accessible near 170 and 101.

Condition Rating
Excellent
The property, though built in 1952, has been extensively and beautifully updated, featuring a gourmet kitchen with stone counters and stainless steel appliances, a spa-like master bathroom, beautiful hardwood floors, dual-pane windows, newer systems, and a tankless water heater. Crucially, it includes a permitted ADU built in 2019 with all new features, which falls well within the 'extensively renovated within 5 years' criteria. The overall description indicates a 'move turn key' condition with virtually new components and modern quality standards.
Pros & Cons

Pros

Permitted ADU with Income Potential: The property includes a separate, detached, and permitted ADU (built in 2019) offering significant rental income potential ($2,500/month mentioned) or flexible multi-generational living arrangements.
Extensive Updates & Turnkey Condition: Both the main house and ADU are beautifully updated with modern features including a gourmet kitchen, stone counters, stainless steel appliances, dual pane windows, newer systems, tankless water heater, and new concrete driveway/pavers, making it move-in ready.
Desirable Neighborhood & Accessibility: Located in a highly sought-after picturesque Valley Village neighborhood, offering proximity to houses of worship, NOHO West shopping center, dining, and easy freeway access (170 and 101).
Charming Architectural & Interior Features: The main house boasts a 'Contemporary Mediterranean charmer' style with vaulted wood beamed ceilings, beautiful hardwood floors, and a spacious master suite with a spa-like bathroom and separate office area, enhancing its aesthetic and functional appeal.
Versatile Living Options: The configuration of a main house and a separate ADU provides excellent versatility for homeowners, whether for rental income, guest accommodation, or a dedicated home office/studio space.

Cons

Significant Price Discrepancy: The listing price of $1,495,000 is substantially higher than the property's estimated value of $831,278, which could indicate overpricing or a potential challenge in justifying the current market value to buyers.
Age of Main Structure: While updated, the main house was built in 1952. Despite 'newer systems' mentioned, potential buyers may have concerns about underlying older infrastructure (e.g., plumbing, electrical beyond general upgrades) or the long-term maintenance associated with an older home.
Lack of Explicit Central Air Conditioning: The description mentions 'newer systems' and 'dual pane windows' but does not explicitly state the presence of central air conditioning, which is a crucial comfort feature in the California climate and could be a drawback for some buyers.

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