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5518 Simpson Ave, Valley Village, CA 91607

Sale Price: $1,300,000
Jan 17, 20251,850 sqft3 beds3 baths
Listed by: Kim Cohen
License #: 02207184
Phone #: 949-270-0440
Douglas Elliman Of California
Source:
CRMLS Logo
MLS #: NP25002254

Property Description

Welcome to this unique home in the coveted Valley Village neighborhood of Los Angeles. Built in 1942 and thoughtfully updated, this charming property features a main house with 2 bedrooms, 1.5 baths, and vinyl wood floors with original hardwood underneath. The spacious living room flows into a dining area, which leads to a bright kitchen with white cabinetry, granite countertops, an electric stove, gas oven, and stainless steel dishwasher. The kitchen island is perfect for casual dining or entertaining. The kitchen opens to a family room and an office that can easily be converted into a second bedroom with the addition of barn doors. The family room leads to a lush, private backyard, ideal for outdoor relaxation and entertaining. The laundry area, located in the pantry, includes both washer and dryer. A standout feature is the beautifully designed, one-bedroom, one-bath ADU (Accessory dwelling unit) , built with permits just a year ago. The seller spent $250,000 on this amazing back unit. This self-contained unit offers its own electric and water services, with shared gas. The ADU has a private fenced yard, making it a perfect rental unit, mother-in-law suite, or guest retreat. Located nearby the NOHO West complex, with easy access to the 101, 170, and 405 freeways, this home is a prime location for entertainment industry professionals, with major studios like Universal Studios, Warner Bros., and NBC Universal nearby. Whether you're looking for a multi-generational home or an income-producing property, this home and ADU offer endless possibilities. Schedule your tour today!
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$21,219

TurboHome Estimated Value

$1,357,300

$734 sqft

High Valuation
$1,425,165
$770/sqft
Normal Valuation
$1,357,300
$734/sqft
Low Valuation
$1,289,435
$697/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$734/sqft$1,357,300

Neighborhood: North Hollywood

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Comparative Value

$1.10M

$1.19M

$1.30M

$1.39M

$1.65M

5549 Morella Ave, Valley Village, CA 91607

Sale Price: $1,105,000

Selected Comparable

5749 Irvine Ave, North Hollywood, CA 91601

Sale Price: $1,185,000

Selected Comparable

5518 Simpson Ave, Valley Village, CA 91607

List Price: $1,299,999

Subject Property

5518 Simpson Ave, Valley Village, CA 91607

Sale Price: $1,300,000

Selected Comparable

5715 Bucknell Ave, Valley Village, CA 91607

Sale Price: $1,385,000

Selected Comparable

5725 Lemp Ave, North Hollywood, CA 91601

Sale Price: $1,649,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
5518 Simpson Ave, Valley Village, CA 91607

5518 Simpson Ave, Valley Village, CA 91607

List: $1,299,999

Listed: 1/17/2025

Area:1,850 sqft
Price/sqft:$703
Beds:3
Baths:3
Year Built:
Lot Size:7,200

Comparable Properties

COMPARABLE
Choose comps
5518 Simpson Ave, Valley Village, CA 91607

5518 Simpson Ave, Valley Village, CA 91607

Sale: $1,300,000

4/3/20250.00 mi

Area:1,850 sqft
Price/sqft:$703
Beds:3
Baths:3
Year Built:
Weight:22.6%
5549 Morella Ave, Valley Village, CA 91607

5549 Morella Ave, Valley Village, CA 91607

Sale: $1,105,000

12/10/20240.11 mi

Area:1,697 sqft
Price/sqft:$651
Beds:3
Baths:3
Year Built:
Weight:20.5%
5725 Lemp Ave, North Hollywood, CA 91601

5725 Lemp Ave, North Hollywood, CA 91601

Sale: $1,649,000

9/19/20240.33 mi

Area:1,947 sqft
Price/sqft:$847
Beds:3
Baths:3
Year Built:
Weight:19.7%
5715 Bucknell Ave, Valley Village, CA 91607

5715 Bucknell Ave, Valley Village, CA 91607

Sale: $1,385,000

10/22/20240.24 mi

Area:2,122 sqft
Price/sqft:$653
Beds:3
Baths:3
Year Built:
Weight:18.8%
5749 Irvine Ave, North Hollywood, CA 91601

5749 Irvine Ave, North Hollywood, CA 91601

Sale: $1,185,000

4/30/20250.34 mi

Area:1,715 sqft
Price/sqft:$691
Beds:3
Baths:2
Year Built:
Weight:18.4%

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