5518 Simpson Ave Valley Village, CA 91607
Valley Village Neighborhood
3
Beds
2.5
Baths
1,850
Sq Ft
7,200
Sq Ft Lot
Highlights
- Guest House
- Wood Flooring
- No HOA
- North Hollywood Senior High School Rated A
- Granite Countertops
- Home Office
About This Home
As of April 2025Welcome 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!
Last Agent to Sell the Property
Douglas Elliman Of California Brokerage Phone: 949-285-0825 License #02207184 Listed on: 01/17/2025
Co-Listed By
Douglas Elliman Of California Brokerage Phone: 949-285-0825 License #01197125
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,563
Year Built
- Built in 1942 | Remodeled
Lot Details
- 7,200 Sq Ft Lot
- Property fronts a county road
- Back and Front Yard
- Density is up to 1 Unit/Acre
- Property is zoned LAR1
Home Design
- Bungalow
Interior Spaces
- 1,850 Sq Ft Home
- 1-Story Property
- Brick Wall or Ceiling
- Ceiling Fan
- Family Room Off Kitchen
- Living Room
- Dining Room with Fireplace
- Home Office
Kitchen
- Open to Family Room
- Breakfast Bar
- Electric Cooktop
- Granite Countertops
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- In-Law or Guest Suite
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
- 220 Volts In Laundry
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Parking Available
- Driveway
- Paved Parking
Schools
- Burbank Elementary School
- Walter Reed Middle School
- North Hollywood High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Connected
Additional Features
- Enclosed patio or porch
- Guest House
Listing and Financial Details
- Legal Lot and Block 13 / 1003
- Tax Tract Number 12838
- Assessor Parcel Number 2348005029
Community Details
Overview
- No Home Owners Association
Recreation
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 17, 2025
Closed on
Mar 31, 2025
Sold by
Parlow Living Trust and Parlow Jonathan
Bought by
Wang Adeline
Seller's Agent
Kim Cohen
Douglas Elliman Of California
Buyer's Agent
David Dizayer
Prime Pacific Group
List Price
$1,299,999
Sold Price
$1,300,000
Premium/Discount to List
$1
0.0%
Views
98
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,625
Avg. Annual Appreciation
-3.84%
Purchase Details
Closed on
Sep 4, 2024
Sold by
Parlow Jonathan David
Bought by
Parlow Living Trust and Parlow
Purchase Details
Closed on
Jun 2, 2011
Sold by
Wildlife Waystation
Bought by
Olsen Betsy and The Betsy Olsen Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
4.55%
Mortgage Type
Unknown
Purchase Details
Closed on
May 31, 2011
Sold by
Wildlife Way Station
Bought by
Parlow Richard and Parlow Anita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
4.55%
Mortgage Type
Unknown
Purchase Details
Closed on
Oct 2, 2008
Sold by
Martinez Armando and Betsy Olsen Living Trust
Bought by
Wildlife Way Station
Purchase Details
Closed on
Sep 5, 2008
Sold by
Martinez Armando
Bought by
Wildlife Way Station
Purchase Details
Closed on
Aug 7, 2008
Sold by
Martinez Armando and The Betsy Olsen Living Trust
Bought by
Martinez Armando
Purchase Details
Closed on
May 25, 2007
Sold by
Olsen Betsy and Olsen Elizabeth
Bought by
The Betsy Olsen Living Trust
Purchase Details
Closed on
Oct 11, 2006
Sold by
Olsen Elizabeth
Bought by
Olsen Elizabeth and The Elizabeth Olsen Trust
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,300,000 | Fidelity National Title | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | Equity Title | |
| Grant Deed | $320,003 | Equity Title | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $10,000 | Unknown | |
| Previous Owner | $220,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/03/2025 04/03/25 | Sold | $1,300,000 | 0.0% | $703 / Sq Ft |
| 03/24/2025 03/24/25 | Pending | -- | -- | -- |
| 01/17/2025 01/17/25 | Price Changed | $1,299,999 | 0.0% | $703 / Sq Ft |
| 01/17/2025 01/17/25 | For Sale | $1,299,999 | -- | $703 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $9,563 | $777,362 | $588,490 | $188,872 |
| 2023 | $5,921 | $473,865 | $371,834 | $102,031 |
| 2022 | $5,646 | $464,575 | $364,544 | $100,031 |
| 2021 | $5,575 | $455,467 | $357,397 | $98,070 |
| 2019 | $5,410 | $441,960 | $346,798 | $95,162 |
| 2018 | $4,472 | $360,309 | $288,249 | $72,060 |
| 2016 | $4,268 | $346,320 | $277,057 | $69,263 |
| 2015 | $4,207 | $341,119 | $272,896 | $68,223 |
| 2014 | $4,228 | $334,438 | $267,551 | $66,887 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Cohen
K
Seller's Agent in 2025
Kim Cohen
Douglas Elliman Of California
(949) 285-0825
1 in this area
8 Total Sales
-
Annette Harper
Seller Co-Listing Agent in 2025
Annette Harper
Douglas Elliman Of California
(949) 307-3224
1 in this area
10 Total Sales
-
David Dizayer
D
Buyer's Agent in 2025
David Dizayer
Prime Pacific Group
(818) 222-9020
1 in this area
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP25002254
APN: 2348-005-029
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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