5148 Village Green, Los Angeles, California 90016, Los Angeles, 90016 - 1 bed, 1 bath
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Los Angeles, California 90016
This property presents a High-Potential Investment Opportunity with a List Price of $475,000—positioned above the $437,915 Fair Market Value by 8%. While the unit requires a full rehab, the Mills Act tax savings and the iconic Village Green location provide significant long-term value. Featuring a private back patio and one-car garage, the unit offers a unique canvas for personalization. Given the Condition Rating of 5, this is a strategic acquisition for Buy-and-Hold Investors or Contractors capable of executing a comprehensive renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5148 Village Green Subject | $449,000* List Price | 1 | 1 | 896 | $484 | - |
A 5882 Bowcroft Street 3 Sold | $490,000 | 2 | 2 | 900 | $544 | 1.0 mi |
B 5815 Bowcroft Street 4 Active | $439,900 List Price | 2 | 1 | 699 | $629 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1942 and explicitly described as requiring work and a contractor, this unit needs a full rehab. Given the age and the agent's recommendation to bring a contractor, the kitchen, bath, and systems likely require significant updates or repair.
As a unit within the historic Village Green landmark, the property qualifies for the Mills Act, offering owners substantial annual property tax reductions.
The inclusion of both a private back patio and a dedicated one-car garage provides a level of privacy and convenience rarely found in Los Angeles condo living.
The property is situated amidst lush greenbelts and expansive landscaping, offering peaceful views and a unique urban oasis atmosphere.
The unit requires substantial work and a contractor's oversight, necessitating additional capital investment beyond the purchase price to make it move-in ready.
The $890 monthly association fee is relatively high for a one-bedroom unit, which may impact overall affordability and buyer interest.
I am pleased to present this large one-bedroom, one-bathroom unit located within the iconic Village Green Complex, a Historical Landmark. Surrounded by beautiful greenbelts and lush landscaping, this property offers a unique opportunity for personalization. The unit does require work, so I encourage you to bring your contractor and your imagination to make this space your own. Key features include: - A private back patio, - A private one-car garage, - Significant property tax savings through the Mills Act, - A prime location with convenient access from Coliseum. Please let me know if you would like to schedule a viewing or if you have any questions
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 21% |
| Baths | 1.0 | 2.0 | 42% |
| Square foot | 896 | 910 | 32% |
| Lot Size | 552,223 | 94,071 | 74% |
| Price | $449.0K | $500.0K | 11% |
| Price per sq ft | $501 | $533 | 21% |
| Built year | 1942 | 1942 | 50% |
| HOA | $890.0 | $767 | 79% |
| Days on market | 0 | 206 | 5% |
Jun 14, 2026
$449,000
$475,000
-5% Price Drop
Initial Listing
May 11, 2026
$475,000
Initial Listing
Oct 10, 2014
$200,000
Public Record