Prime Valley Village development opportunity on a 19,201 SF LAR1-zoned lot. The property offered significant potential for redevelopment, subdivision, or the construction of multiple luxury residences, subject to buyer verification and municipal approvals. Situated in one of the San Fernando Valley’s most sought-after neighborhoods, the site provided developers and investors with a rare opportunity to capitalize on strong demand for new construction housing. Conveniently located near major employment centers, retail amenities, dining, and transportation corridors.
Sold for $2,400,000
Listing Provided by: Compass
Bought with: Compass
$2,400,000
5738 Rhodes Ave, Valley Village, CA 91607
2beds
2,234sqft
Single Family Residence
Built in 1952
0.44 Acres Lot
$2,413,300 Zestimate®
$1,074/sqft
$5,964 Estimated rent
Home value
$2,413,300
$2.29M - $2.53M
$5,964/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listing Provided by:
Michael Onyemaobi DRE #02179969 424-944-5145,
Compass
Bought with:
Michael Onyemaobi, DRE #02179969
Compass
Source: CRMLS,MLS#: SW26117442
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 3
- Main level bedrooms: 2
Bedroom
- Features: All Bedrooms Down
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Inside
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,234 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 0.44 Acres
- Features: 0-1 Unit/Acre
Details
- Parcel number: 2340018032
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1952
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Valley
Location
- Region: Valley Village
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Sold | $2,400,000+966.7%$1,074/sqft |
Source:  CRMLS #SW26117442 Report a problem | ||
| 8/25/1994 | Sold | $225,000$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,897 +2.7% | $377,906 +2% |
| 2024 | $4,770 +1.9% | $370,497 +2% |
| 2023 | $4,682 +4.7% | $363,233 +2% |
| 2022 | $4,471 +1.5% | $356,112 +2% |
| 2021 | $4,406 -0.9% | $349,130 +1% |
| 2020 | $4,444 | $345,551 +2% |
| 2019 | $4,444 +6.3% | $338,776 +2% |
| 2018 | $4,181 | $332,134 +2% |
| 2017 | $4,181 +2.2% | $325,623 +2% |
| 2016 | $4,090 +2.9% | $319,239 +1.5% |
| 2015 | $3,977 +0.8% | $314,445 +2% |
| 2014 | $3,945 | $308,286 +2.5% |
| 2012 | -- | $300,878 +2% |
| 2011 | -- | $294,979 +0.8% |
| 2010 | -- | $292,776 -0.2% |
| 2009 | -- | $293,472 +2% |
| 2008 | -- | $287,718 +2% |
| 2007 | -- | $282,077 +2% |
| 2006 | -- | $276,547 |
| 2005 | -- | $276,547 +4% |
| 2004 | -- | $265,809 +1.9% |
| 2003 | -- | $260,939 +2% |
| 2002 | -- | $255,823 +4% |
| 2000 | -- | $245,890 |
Find assessor info on the county website
Neighborhood: Valley Village
Nearby schools
GreatSchools rating
- 5/10Burbank Boulevard Elementary SchoolGrades: K-5Distance: 0.4 mi
- 5/10Roy Romer Middle SchoolGrades: 6-8Distance: 1 mi
- 5/10Ulysses S. Grant Senior High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$2,413,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,413,300
- California
- Los Angeles County
- Los Angeles
- 91607
- Valley Village
- 5738 Rhodes Ave
Nearby cities
Nearby neighborhoods
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