
Los Angeles, California 90016
This Turnkey Condominium in the historic Village Green community is a High-Potential Investment Opportunity, listed at $575,000—positioned above the $491,612 Fair Market Value. While the price reflects a premium, the property offers a Condition Rating of 3 with modern updates and a rare Double Greenbelt Location. Residents benefit from Mills Act tax savings and a serene, architecturally significant environment. This home is an ideal sanctuary for Owner-Occupants seeking a move-in ready lifestyle or first-time buyers prioritizing historic character and community amenities over immediate equity gains.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5327 Village Subject | $575,000* List Price | 1 | 1 | 896 | $549 | - |
A 5273 Village Sold | $577,000 | 2 | 1 | 818 | $705 | 0.7 mi |
B 5827 Bowcroft Street 2 Sold | $490,000 | 2 | 2 | 867 | $565 | 0.7 mi |
C 5773 Clemson Street Sold | $410,000 | 2 | 1 | 771 | $532 | 0.7 mi |
D 3607 Kalsman Drive 6 Sold | $469,000 | 2 | 2 | 900 | $521 | 0.8 mi |
E 5803 Bowcroft Street 1 Sold | $459,000 | 2 | 1 | 900 | $510 | 0.7 mi |
F 3641 Kalsman Drive 4 Sold | $485,000 | 2 | 2 | 900 | $539 | 0.8 mi |
G 2935 Redondo Boulevard Sold | $480,000 | 2 | 2 | 880 | $545 | 0.5 mi |
H 5845 Bowcroft Street 4 Sold | $485,000 | 2 | 2 | 910 | $533 | 0.7 mi |
I 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 move-in ready.
While built in 1942, the property features an updated kitchen and bathroom and is described as move-in ready and turnkey. The interior shows well-maintained parquet flooring and modern fixtures, suggesting a renovation within the 5-15 year range, though some original elements like windows remain.
As part of a National Historic Landmark, this property qualifies for the Mills Act, offering owners significant property tax savings that enhance the overall investment value.
This unit is uniquely positioned with greenbelts in both the front and back, providing a level of privacy, seclusion, and tranquil park views that are rare within the community.
The home features an updated kitchen and bathroom and offers the option to include period-specific furniture, providing a move-in-ready experience in a highly desirable architectural setting.
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.
The association fee of $886.59 per month is relatively high for a one-bedroom condominium, which may impact the debt-to-income ratio for some buyers.
While the elementary school is well-rated, the assigned middle and high schools have low ratings, which could be a concern for families or future resale value.
A rare opportunity to own one of only a few units in Village Green offering greenbelts in both the front and back, creating a secluded, tranquil, and private nook in the heart of the community. This move-in ready 896 sq ft 1-bedroom, 1-bathroom lower unit features an updated kitchen with DCS and Fisher & Paykel stainless steel appliances, updated bathroom, custom security doors, and a wonderful cross breeze that keeps the home comfortable through the warm summer months. The home is filled with charming mid-century modern furniture which is available to be included in the sale, offering buyers a turnkey opportunity to step into the look and feel of the era from day one. 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 | 896 | 1,243 |
| Lot Size | 557,395 | 24,016 |
| Price | $575.0K | $805.6K |
| Price per sq ft | $642 | $659 |
| Built year | 1942 | 1981 |
| HOA | $886.59 | $684 |
| Days on market | 23 | 71 |
Jun 29, 2026
$575,000
Initial Listing
Aug 17, 2018
$481,000
Public Record