5172 1/2 Village, Los Angeles, California 90016, Los Angeles, 90016 - 1 bed, 1 bath
ACTIVE UNDER CONTRACT$687,000
5172 1/2 Village, Los Angeles, California 90016
1Bed
1Bath
1,012Sqft
552,223Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Tax Reduction: The property's historic landmark status under the Mills Act offers significant property tax reductions, enhancing long-term affordability.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =552223, other record lot size in square feet = 552067. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1012, other record living area = 896.
Compared to the nearby listings
Price:$687.0K vs avg $570.0K (+$117,000)80%
Size:1,012 sqft vs avg 901.5 sqft70%
Price/sqft:$679 vs avg $62680%
More Insights
Built in 1942 (83 years old).
Condition: The property, built in 1942, is well-maintained with original hardwood floors and new paint, giving it a clean and presentable appearance. However, the kitchen features dated light wood cabinets, granite countertops, and tiled flooring, suggesting a renovation that occurred 15-25 years ago. Similarly, the bathroom, while clean, has dated wall tiles, despite a more updated vanity and light fixture. Major systems (plumbing, electrical, HVAC) are likely original or very old given the build year and lack of explicit recent renovation details, indicating they may require future updates. Overall, it's move-in ready but requires minor updates to modernize the kitchen and bathroom aesthetics, aligning with the 'Fair' condition criteria.
Year Built
1942
Close
-
List price
$687K
Original List price
$687K
Price/Sqft
$679
HOA
$722
Days on market
-
Sold On
-
MLS number
25610535
Home ConditionFair
Features
Good View: Park/Greenbelt
Deck
Patio
ViewPark/Greenbelt
About this home
Exceptional Opportunity to Reside in an Iconic Mid-Century Garden City in Los Angeles! This pristine 1,012 SF light filled top floor 1 bed 1 bath unit is located in the highly coveted Village Green, a historic landmark that offers significant property tax reduction via the Mills Act. With views of the lush treetops from every window and both private balconies facing North and South, you will be delighted to enjoy living inside an urban oasis. Some of its many features include original hardwood floors, new paint, plenty of closet space, private patio, private garage for one car, 24/7 patrolled security, onsite maintenance office and crew, and community concerts throughout the year. An oasis tucked into the neighborhoods of beautiful Baldwin Hills! Close to LAX, Beverly Hills, DTLA, and walking & rolling distance to 2 Metro Expo Lines, trendy Downtown Culver City, and newly opened Whole Foods on Jefferson and National. MAKE IT YOURS!
Nearby schools
6/10
Baldwin Hills Elementary School
Public,•K-5•0.4mi
2/10
Audubon Middle School
Public,•6-8•1.8mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.7mi
Price History
Date
Event
Price
10/13/16
Sold
$399,000
04/10/15
Sold
$319,500
10/01/09
Sold
$204,000
11/04/05
Sold
$340,000
Condition Rating
Fair
The property, built in 1942, is well-maintained with original hardwood floors and new paint, giving it a clean and presentable appearance. However, the kitchen features dated light wood cabinets, granite countertops, and tiled flooring, suggesting a renovation that occurred 15-25 years ago. Similarly, the bathroom, while clean, has dated wall tiles, despite a more updated vanity and light fixture. Major systems (plumbing, electrical, HVAC) are likely original or very old given the build year and lack of explicit recent renovation details, indicating they may require future updates. Overall, it's move-in ready but requires minor updates to modernize the kitchen and bathroom aesthetics, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Significant Tax Reduction: The property's historic landmark status under the Mills Act offers significant property tax reductions, enhancing long-term affordability.
Exceptional Location & Connectivity: Strategically located with excellent access to LAX, Beverly Hills, DTLA, and within walking distance to two Metro Expo Lines and Downtown Culver City amenities.
Comprehensive Community Lifestyle: Benefits from 24/7 patrolled security, onsite maintenance, and community events, providing a secure and vibrant living environment.
Historic Mid-Century Charm & Views: A pristine top-floor unit in an iconic Mid-Century Garden City, featuring original hardwood floors, new paint, and lush treetop views from dual private balconies.
Valuable Private Amenities: Includes a private patio and a private garage for one car, highly desirable features in the Los Angeles market.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =552223, other record lot size in square feet = 552067. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1012, other record living area = 896.
High Monthly Association Fee: The $722.0 monthly association fee is substantial for a 1-bedroom unit, adding a significant recurring cost to ownership.
Limited Unit Configuration: As a 1-bedroom, 1-bathroom unit, it caters to a specific buyer demographic, potentially limiting broader market appeal for families or those needing more space.
Potential for System Updates: Built in 1942, while well-maintained, the property may have original major systems (e.g., plumbing, electrical, HVAC) that could require future updates or maintenance not explicitly detailed as renovated.