NOT LISTED FOR SALE

5501 Simpson Ave Valley Village, CA 91607

Estimated Value: $1,297,000 - $1,657,000

4 Beds
2 Baths
1,666 Sq Ft
$868/Sq Ft Est. Value

Last Sold May 26, 2023

Last sale price $1,350,000 $810 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,974/month

9 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Laundry Room
  • North Hollywood Senior High School Rated A
  • Den
  • Garden

About This Home

As of May 2023

Adorable 1945 Traditional home in super-desirable pocket of Valley Village, this rare 4 Bedroom, 2 Bathroom, 1,666 square foot residence is seeking its new owner. Offering sensational curb appeal and sitting on a sprawling 7,983 sqft corner lot with side facing, detached 2-car garage with amazing ADU potential!!! The large landscaped front yard is surrounded by flourishing fruit trees and pretty white picket fence. Interior of home features hardwood floors in most rooms, double sided ornamental fireplace, central AC/Heat, recessed lighting and upgraded double-pane windows. Enjoy dinner parties in the Formal Dining Room that flows into the large, sun-filled Cook’s Kitchen offering ample counter space and great storage. The cozy Family Room has tons of original built-in bookshelves bringing lots of charm and character plus skylight and sliding doors leading to exterior. All Guest Bedrooms are spacious and Primary Bedroom has sliding door leading outside. And let’s not forget the Great Outdoors! There is an incredible entertainer’s yard with brick pavers, large shade tree, spacious grassy play area, mature landscape and beautiful gardens – a true Shangri-La! Enjoy this home’s premier location near parks, schools, houses of worship, commuter routes, and moments away to NoHo West shopping and dining, LA Valley College, Ventura Boulevard, and the NoHo Arts District. Please don’t miss out on this amazing opportunity!

Last Agent to Sell the Property

Mario Acosta

Berkshire Hathaway HomeServices California Properties License #01328908 Listed on: 04/12/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Anat Yifrah

Beverly and Company Inc. License #01923812

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,808

Year Built

  • Built in 1945

Lot Details

  • 7,983 Sq Ft Lot
  • Rectangular Lot
  • Garden
  • Front Yard
  • Property is zoned LAR1

Parking

  • 2 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,666 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Den
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 40
  • Tax Tract Number 11692
  • Assessor Parcel Number 2348005019
  • $282 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,808

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: LAR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2348005019
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1666.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Entry Level: 1
  • Fireplace Features: Decorative
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 810.32
  • Room Type: Den, Main Floor Master Bedroom

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Rectangular Lot
  • Lot Size Sq Ft: 7983.00
  • Lot Size Acres: 0.1833

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7983.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1251.01
  • Tax Lot: 40
  • Tax Tract Number: 11692
  • TaxOtherAnnualAssessmentAmount: 282.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2023
Closed on
May 19, 2023
Sold by
Foxx Elena
Bought by
Zilberberg Erez
Seller's Agent
Mario Acosta
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Anat Yifrah
Beverly and Company Inc.
List Price
$1,175,000
Sold Price
$1,350,000
Premium/Discount to List
$175,000
14.89%
Views
5
Current Estimated Value
$1,446,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,844
Avg. Annual Appreciation
2.90%
Original Mortgage
$1,080,000
Outstanding Balance
$1,048,126
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$398,718

Purchase Details

Listed on
Apr 12, 2023
Closed on
Apr 24, 2023
Sold by
Shitanishi Family Trust
Bought by
Zilberberg Erez
Seller's Agent
Mario Acosta
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Anat Yifrah
Beverly and Company Inc.
List Price
$1,175,000
Sold Price
$1,350,000
Premium/Discount to List
$175,000
14.89%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Outstanding Balance
$1,048,126
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$398,718

Purchase Details

Closed on
Sep 24, 2016
Sold by
Shitanishi Kenneth T
Bought by
Shitanishi Kenneth T and Shitanishi Eva
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zilberberg Erez -- California Title Company
Zilberberg Erez $1,350,000 California Title Company
Shitanishi Kenneth T -- None Available
Shitanishi Kenneth T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zilberberg Erez $1,080,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2023 05/26/23 Sold $1,350,000 +14.9% $810 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
04/12/2023 04/12/23 For Sale $1,175,000 -- $705 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,808 $1,404,540 $1,123,632 $280,908
2024 $16,808 $1,377,000 $1,101,600 $275,400
2023 $6,261 $505,015 $369,754 $135,261
2022 $5,971 $495,113 $362,504 $132,609
2021 $5,892 $485,406 $355,397 $130,009
2019 $5,715 $471,009 $344,856 $126,153
2018 $5,635 $461,775 $338,095 $123,680
2016 $5,374 $443,845 $324,967 $118,878
2015 $5,295 $437,179 $320,086 $117,093
2014 $5,318 $428,616 $313,816 $114,800
Source: Public Records

Agents Affiliated with this Home

  • Mario Acosta

    Seller's Agent in 2023

    Mario Acosta

    Berkshire Hathaway HomeServices California Properties

    (818) 925-4470

    11 in this area

    76 Total Sales

    Mario Acosta
    Section Image

  • A

    Buyer's Agent in 2023

    Anat Yifrah

    Beverly and Company Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23060330

California Regional Multiple Listing Service (CRMLS)

APN: 2348-005-019

California Los Angeles County Studio City 91607

5501 Simpson Ave, Studio City, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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