Brand new construction investment opportunity in the heart of Valley Village featuring five beautifully designed residential units, each with its own address, offering exceptional rental appeal and long-term income potential. The property consists of a front building with three residences and a separate rear building with two ADUs. Every unit is thoughtfully appointed with a refrigerator, range, microwave, and in-unit stacked washer and dryer. The front building features: an upstairs 3-bedroom, 2-bath main residence with central HVAC, a dishwasher, and an expansive balcony. A downstairs 2-bedroom, 2-bath residence with central HVAC, a walk-in closet, and a dishwasher. A detached Junior ADU offering 1 bedroom and 1 bath with split-system heating and air conditioning and a dishwasher. The rear building features two newly constructed ADUs: An upstairs 2-bedroom, 2-bath unit with split-system heating and air conditioning and a private balcony off one bedroom. A downstairs 2-bedroom, 2-bath unit with split-system heating and air conditioning. Ideally located in sought-after Valley Village, this turnkey property combines modern construction, desirable floor plans, separate addresses, and quality finishes to create an outstanding investment opportunity. With five move-in-ready residences in a high-demand rental market, this property is well-positioned to generate strong cash flow and long-term appreciation.
Pending
$2,599,000
5954 Simpson Ave, Valley Village, CA 91607
10beds
9baths
4,470sqft
Multi Family
Built in 2026
-- sqft lot
$2,526,500 Zestimate®
$581/sqft
$-- HOA
What's special
- 83 days
- 76
- 2
Zillow last checked:
Listing updated:
Listed by:
Michael Bergin DRE # 01845572 310-600-0715,
Compass 818-783-7721
Source: CLAW,MLS#: 26857551
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 9
Heating
- Central, Other
Cooling
- Central Air, Air Conditioning, Other
Appliances
- Included: Microwave, Range/Oven, Dishwasher, Dryer, Refrigerator
Features
- Doors: Sliding Doors
Interior area
- Total structure area: 4,470
- Total interior livable area: 4,470 sqft
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
- Pool features: None
- Spa features: None
- Fencing: Fenced Yard
Lot
- Size: 7,244 Square Feet
- Dimensions: 50 x 135
Details
- Additional structures: None
- Parcel number: 2339001032
- Zoning: LAR1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New Construction
- New construction: Yes
- Year built: 2026
Community & HOA
HOA
- Amenities included: None
Location
- Region: Valley Village
Financial & listing details
- Price per square foot: $581/sqft
- Tax assessed value: $810,000
- Date on market: 7/10/2026
- Total actual rent: 0
Estimated market value
$2,526,500
$2.40M - $2.65M
$3,667/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2026 | Pending sale | $2,599,000$581/sqft |
Source: | ||
| 7/30/2026 | Contingent | $2,599,000$581/sqft |
Source: | ||
| 7/10/2026 | Listed for sale | $2,599,000+235.4%$581/sqft |
Source: | ||
| 3/3/2025 | Sold | $775,000-4.3%$173/sqft |
Source: | ||
| 7/19/2024 | Sold | $810,000-19%$181/sqft |
Source: Public Record Report a problem | ||
| 10/18/2022 | Sold | $1,000,000+30.7%$224/sqft |
Source: Public Record Report a problem | ||
| 10/8/2009 | Listing removed | $765,000$171/sqft |
Source: Emailflyers.net #P571678 Report a problem | ||
| 9/25/2009 | Listed for sale | $765,000+87%$171/sqft |
Source: Emailflyers.net #P571678 Report a problem | ||
| 10/9/2008 | Sold | $409,000+10.6%$91/sqft |
Source: Public Record Report a problem | ||
| 8/23/2008 | Listed for sale | $369,900-34.5%$83/sqft |
Source: Listhub #C103125 Report a problem | ||
| 7/24/2008 | Sold | $564,988-26.1%$126/sqft |
Source: Public Record Report a problem | ||
| 3/14/2007 | Listed for sale | $765,000+21.2%$171/sqft |
Source: Listhub #C103125 Report a problem | ||
| 4/13/2006 | Sold | $631,000$141/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $790,500 -2.4% |
| 2025 | $10,064 -20.3% | $810,000 -20.6% |
| 2024 | $12,632 -5.7% | $1,020,000 +2% |
| 2023 | $13,389 +29.5% | $1,000,000 +72.9% |
| 2022 | $10,340 +48.7% | $578,385 +2% |
| 2021 | $6,954 -0.9% | $567,045 +1% |
| 2020 | $7,020 | $561,231 +2% |
| 2019 | $7,020 +6.2% | $550,227 +2% |
| 2018 | $6,609 | $539,440 +2% |
| 2017 | $6,609 +2.3% | $528,864 +15.4% |
| 2016 | $6,463 +15.7% | $458,435 +1.5% |
| 2015 | $5,587 +1.1% | $451,550 +2% |
| 2014 | $5,528 | $442,705 +10.8% |
| 2012 | -- | $399,400 |
| 2011 | -- | $399,400 +3.2% |
| 2010 | -- | $387,000 -5.4% |
| 2009 | -- | $409,000 -26.3% |
| 2008 | -- | $554,900 -13.8% |
| 2007 | -- | $643,620 +92.4% |
| 2006 | -- | $334,466 +22.2% |
| 2005 | -- | $273,613 +4% |
| 2004 | -- | $262,990 +1.9% |
| 2003 | -- | $258,171 +2% |
| 2002 | -- | $253,110 +13.8% |
| 2000 | -- | $222,500 |
Find assessor info on the county website
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Neighborhood: North Hollywood
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