5165 Village, Los Angeles, California 90016, Los Angeles, 90016 - 1 bed, 1 bath
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5165 Village
Los Angeles, California 90016
ACTIVE
CONDITION: FAIR
1Beds
1Baths
925Sq Ft
552,066Lot Size
Property Price
LIST PRICE$450,000
EST. MARKET VALUE
$441,885
SUMMARY
This Historic Condominium represents a Strong Value Opportunity, listed at $450,000—positioned well below the $441,886 Fair Market Value. While the property maintains a Fair Condition Rating with dated systems, its status as a National Historic Landmark provides significant Mills Act tax benefits. Residents enjoy a unique lifestyle within 68 acres of lush grounds, featuring a private patio and scenic views of the East Green. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a transit-oriented, historic residence.
Estimated Market Value
$441,885
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5165 Village Subject | $450,000* List Price | 1 | 1 | 925 | $478 | - |
A 5441 Village Sold | $499,000 | 1 | 1 | 849 | $588 | 0.3 mi |
B 5882 Bowcroft Street 3 Sold | $490,000 | 2 | 2 | 900 | $544 | 1.0 mi |
C 3607 Kalsman Drive 6 Sold | $469,000 | 2 | 2 | 900 | $521 | 1.0 mi |
D 5827 Bowcroft Street 2 Sold | $490,000 | 2 | 2 | 867 | $565 | 0.9 mi |
E 5773 Clemson Street Sold | $410,000 | 2 | 1 | 771 | $532 | 0.8 mi |
F 5803 Bowcroft Street 1 Sold | $459,000 | 2 | 1 | 900 | $510 | 0.9 mi |
G 5832 Bowcroft 4 Active | $399,900 List Price | 2 | 1 | 897 | $446 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property is a historic 1942 build. While it features some cosmetic updates like stainless steel appliances and new light fixtures, the bathroom tiling and wall heating systems are significantly dated (likely >30 years old). It is functional and move-in ready but requires modernization of the bathroom and systems to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Mills Act Tax Benefits
The property's status as a National Historic Landmark qualifies it for the Mills Act, offering owners significant property tax savings that enhance long-term affordability.
- Expansive Historic Grounds
Set within 68 acres of lush gardens and mature trees, this unit offers a rare, park-like living environment and a private patio that is unique for central Los Angeles.
- Prime Transit-Oriented Location
Proximity to the La Brea Metro Station and major retailers like Whole Foods and Target provides exceptional convenience for commuting to Downtown LA or Santa Monica.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $890.94 is notably high for a one-bedroom condominium, which may impact the buyer's monthly carrying costs and overall debt-to-income ratio.
- Underperforming Local Schools
The assigned middle and high schools have low ratings (2/10), which could be a deterrent for families and may affect the property's future resale value.
About 5165 Village
Beautiful and historic, this spacious 925 sqft., 1 bedroom unit is surrounded by lush greenery. The living room and bedroom have an amazing view of the East Green. The kitchen has ample counter space and cabinet storage, and includes stainless steel appliances. The spacious bedroom includes abundant closet space, and the bathroom has separate bathtub and shower. The dinning room leads to an open private patio, which is the perfect spot for outdoor entertaining and lounging. Upgrades throughout the unit include new light fixtures and ceiling fans. The detached private one-car garage as well as the on-site laundry room is located just steps from the unit. Situated on 68 acres of lush gardens, putting greenspace, sprawling lawns, mature trees, and interconnecting walkways, Village Green is an historic community of residential condominiums. Designated as a National Historic Landmark in 2001 and observing Mills Act status, this offering represents a very rare opportunity to live in a unique haven in the center of the city. Located a few blocks from the La Brea Station near Exposition and Jefferson Blvd and in close proximity to Target, Starbucks, and Whole Foods. Convenient to the La Cienega Metro Station, connecting Downtown Los Angeles to Santa Monica.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1942
- Lot Size
- 552,066 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $890.94 / Month
Neighborhood Insights
Los Angeles Unified Schools
Baldwin Hills Elementary School
Grades K-5 • 0.4 mi
6/10
Audubon Middle School
Grades 6-8 • 1.8 mi
2/10
Susan Miller Dorsey Senior High School
Grades 9-12 • 0.7 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 925 | 1,219.385 |
| Lot Size | 552,066 | 27,236.074 |
| Price | $450.0K | $800.2K |
| Price per sq ft | $486 | $650 |
| Built year | 1942 | 1979 |
| HOA | $890.94 | $685 |
| Days on market | 39 | 72 |
Pricing History
Listed for Sale
Aug 1, 2026
$450,000
Initial Listing