5314 1/2 Village, Los Angeles, California 90016, Los Angeles, 90016 - 1 bed, 1 bath
Loading property details...
Los Angeles, California 90016
This Turnkey Condominium represents a Strong Value Opportunity, listed at $499,000—positioned well below the $507,013 Fair Market Value by 1%. Featuring a Mint Condition Rating with high-end renovations, this residence offers a private outdoor patio and Park/Greenbelt views. Located in the historic Village Green, residents benefit from the Mills Act tax savings and proximity to Baldwin Hills Elementary. This property is an ideal acquisition for first-time buyers or Owner-Occupants seeking a sophisticated, move-in ready urban sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5314 1/2 Village Subject | $499,000* List Price | 1 | 1 | 961 | $528 | - |
A 3641 Kalsman Drive 4 Sold | $485,000 | 2 | 2 | 900 | $539 | 0.8 mi |
B 2935 Redondo Boulevard Sold | $480,000 | 2 | 2 | 880 | $545 | 0.5 mi |
C 5845 Bowcroft Street 4 Sold | $485,000 | 2 | 2 | 910 | $533 | 0.7 mi |
D 5827 Bowcroft Street 2 Sold | $490,000 | 2 | 2 | 867 | $565 | 0.7 mi |
E 5773 Clemson Street Sold | $410,000 | 2 | 1 | 771 | $532 | 0.7 mi |
F 3607 Kalsman Drive 6 Sold | $469,000 | 2 | 2 | 900 | $521 | 0.8 mi |
G 5729 Clemson Street Sold | $445,000 | 2 | 1 | 756 | $589 | 0.6 mi |
H 5441 Village Active Under Contract | $499,000 List Price | 1 | 1 | 849 | $588 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1942, the interior has undergone a high-end renovation within the last 5 years. The kitchen features modern stainless steel appliances, farmhouse sink, and contemporary cabinetry, while the living areas show updated recessed lighting and pristine hardwood floors, meeting the criteria for mint condition.
As a National Historic Landmark, this property qualifies for the Mills Act, offering owners significant property tax savings that enhance the long-term investment value.
This upper-level end unit is ideally positioned to capture abundant natural light and sunset views, offering more privacy and better airflow than interior units.
Set within 68 acres of lush landscaping and mature trees, the property provides a rare park-like urban oasis with 24-hour security and a strong sense of community.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =557395, other record lot size in square feet = 557238. Living area discrepancy between mls listing and other public or private record. mls listing living area = 961, other record living area = 849.
The association fee of $887 per month is notably high for a one-bedroom condo, which may impact the overall affordability and debt-to-income ratio for potential buyers.
Marketed as a 'clean architectural canvas,' the unit likely requires a full interior update to modernize its 1940s-era finishes and systems to meet contemporary standards.
Rare opportunity to create your vision within the iconic Village Green community. This bright, end unit upper-level 1-bedroom residence is ideally positioned within a charming garden court setting and enjoys beautiful west-facing light and sunset views. Filled with natural light and surrounded by mature landscaping, the unit offers a clean architectural canvas with warm hardwood floors, abundant windows, and a spacious layout ready for a buyer's personal touch. The generous living area, tranquil bedroom, and private outdoor patio provide an exceptional foundation for creating a truly special home within one of Los Angeles' most celebrated historic communities. Village Green is a National Historic Landmark and one of Los Angeles' most architecturally significant communities. Designed in the early 1940's by renowned architect Reginald D. Johnson as part of the greenbelt movement, the community spans 68 acres of lush, landscaped grounds, mature trees, pedestrian pathways, and timeless mid-century architecture creating an urban oasis in the heart of the city. Residents enjoy a unique community atmosphere featuring concerts on the green, movie nights, community gatherings, 24-hour security patrol, ample guest parking, and the benefits of the Mills Act, which provides significant property tax savings for owners. Conveniently located near Culver City, the Expo Line, Whole Foods, Kenneth Hahn Park, the upcoming Costco development, and some of Los Angeles' best dining, arts, and creative centers. An exceptional opportunity for buyers seeking character, authenticity, and long-term value in one of Los Angeles' most vibrant and architecturally rich communities.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 2.0 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 961 | 1,243 |
| Lot Size | 557,395 | 24,016 |
| Price | $499.0K | $805.6K |
| Price per sq ft | $519 | $659 |
| Built year | 1942 | 1981 |
| HOA | $887.0 | $684 |
| Days on market | 51 | 71 |
Jun 1, 2026
$499,000
Initial Listing