5165 Village, Los Angeles, California 90016, Los Angeles, 90016 - 1 bed, 1 bath
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Los Angeles, California 90016
This Historic Village Green Condominium is a Strong Value Opportunity, listed at $525,000—positioned well below the $550,000 Fair Market Value by 4%. This valuation gap offers $25,000 in Instant Equity for buyers. Boasting a Condition Rating of 3, the unit features stainless steel appliances, hardwood flooring, and a private patio within a 68-acre National Historic Landmark. Homeowners benefit from significant tax savings via the Mills Act. This rare urban oasis is an ideal match for Owner-Occupants or first-time buyers seeking architectural pedigree and financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5165 Village Subject | $499,000* List Price | 1 | 1 | 925 | $572 | - |
A 5255 Village Sold | $620,000 | 1 | 1 | 925 | $670 | 0.0 mi |
B 5432 Village Sold | $525,000 | 1 | 1 | 849 | $618 | 0.0 mi |
C 5345 Village Active | $620,000 List Price | 1 | 1 | 925 | $670 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with several modern updates including stainless steel kitchen appliances, new light fixtures, and ceiling fans. The interior features well-maintained hardwood flooring and clean paint throughout. While the bathroom retains its original historic tile and layout, the overall unit is well-preserved with no immediate signs of deferred maintenance, fitting the criteria for a well-maintained older home with functional systems.
As a National Historic Landmark with Mills Act status, this property offers significant property tax savings, providing a substantial financial advantage for the homeowner.
The unit is situated within 68 acres of lush, professionally landscaped gardens and mature trees, offering a rare and tranquil urban oasis that is unique to the Los Angeles market.
Boasting 925 square feet, this one-bedroom unit is exceptionally large and includes a private patio and a detached garage, offering a level of space and privacy typically found in single-family homes.
The monthly HOA fee of $890.94 is relatively high for a one-bedroom condominium, which may affect the debt-to-income ratio for potential buyers.
The property relies on a shared on-site laundry facility rather than having in-unit hookups, which may be a convenience drawback for some modern buyers.
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 mirrored closets, and the bathroom has separate tub and shower. The dinning area leads to an open private patio, which is the perfect spot for outdoor entertaining and lounging. Upgrades throughout the unit include new light fixtures, ceiling fans and doorknobs. 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 and in close proximity to Target, Starbucks, and Whole Foods. Convenient to the La Cienega Metro station, connecting DTLA to Santa Monica.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 32% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 925 | 925 | 50% |
| Lot Size | 552,066 | 529,574 | 58% |
| Price | $499.0K | $577.0K | 32% |
| Price per sq ft | $539 | $589 | 42% |
| Built year | 1942 | 1942 | 50% |
| HOA | $890.94 | $740 | 79% |
| Days on market | 55 | 202 | 11% |
Apr 10, 2026
$499,000
$525,000
-5% Price Drop
Initial Listing
Mar 22, 2026
$525,000
$550,000
-5% Price Drop
Initial Listing
Feb 26, 2026
$550,000
Initial Listing