
Los Angeles, California 90016
This Turnkey Historic Bungalow is a Strong Value Opportunity, listed at $685,000—positioned above the $656,282 Fair Market Value. While priced slightly above market, the property offers unique financial stability through Mills Act property tax savings. Featuring a Condition Rating of 3, the home includes a private patio, parquet floors, and park/greenbelt views within a 64-acre urban forest. Located near Baldwin Hills Elementary, this residence provides a rare, serene lifestyle. It is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready historic sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5333 Village Green Subject 1 bd · 1 ba · 745 sqft · $883 | $685,000* List Price | 1 | 1 | 745 | $883 | - |
A 5464 Village Green Sold 2 bd · 1 ba · 818 sqft · $795 · 0.1 mi | $650,000 | 2 | 1 | 818 | $795 | 0.1 mi |
B 5434 Village Green Sold 1 bd · 1 ba · 745 sqft · $904 · 0.1 mi | $673,675 | 1 | 1 | 745 | $904 | 0.1 mi |
C 5112 Village Active 1 bd · 1 ba · 729 sqft · $959 · 0.2 mi | $699,000 List Price | 1 | 1 | 729 | $959 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1942, the property has undergone a recent remodel making it move-in ready. The bathroom features a new vanity, lighting, and fixtures integrated with well-maintained original 1942 tile. The interior includes fresh paint, updated window treatments, and gleaming parquet floors, meeting the criteria for a well-maintained, functional home with a 5-15 year renovation feel.
As a designated National Historic Landmark, this property offers significant property tax savings through the Mills Act, providing a substantial long-term financial advantage for the owner.
Situated within a 64-acre historic urban forest, the home offers a rare park-living experience with expansive greenbelt views, 24/7 security, and a tranquil, secluded atmosphere.
The residence masterfully blends 1942 mid-century architectural integrity with a fresh remodel, featuring gleaming parquet floors, a private patio, and updated interiors that allow for an immediate move-in.
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 $850 per month is relatively high for a one-bedroom condominium, which may impact the overall affordability and debt-to-income ratio for prospective buyers.
At 745 square feet with only one bedroom, the property's compact footprint may limit its appeal to individuals or couples, excluding those who require extra space for a home office or guests.
First Home, Second Home, or Pied-a-terre in Los Angeles? Step into a piece of living history at Village Green, a celebrated 1942 National Historic Landmark nestled within a lush 64-acre urban forest. This rare bungalow-style residence offers the ultimate park-living experience, combining mid-century architectural integrity with a fresh and fun recent remodel. As a designated landmark, this home also offers the incredible financial advantage of significant property tax savings through the Mills Act.Positioned deep inside the park, this sun-drenched home enjoys natural light from three sides and views of the sprawling, mature grounds. The interior features gleaming parquet floors, an open floor plan, and an inviting fireplace that serves as the heart of the living space. Enjoy the green kitchen tiles that match the original bathroom tiles from 1942 and enjoy living inside The Green! Every detail has been thoughtfully updated, from the fresh paint to the custom window treatments, ensuring a seamless move-in experience.The living space extends outdoors to a spacious private patio, complete with a large awning that creates a secluded, tranquil retreat for morning coffee, your private gym, or alfresco dining.Life at Village Green is defined by its unique sense of community and unmatched amenities, including 24/7 onsite security, a private garage, and year-round community events held amidst the towering trees. This is a rare opportunity to own a very sought-after bungalow so immerse within the greenbelt. Do not wait! Make it yours before the end of the year!
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 | 745 | 1,252.996 |
| Lot Size | 557,395 | 26,029.603 |
| Price | $685.0K | $778.5K |
| Price per sq ft | $919 | $629 |
| Built year | 1942 | 1981 |
| HOA | $850.0 | $676 |
| Days on market | 40 | 74 |
Sep 30, 2026
$685,000
Initial Listing
Aug 30, 2017
$439,000
Public Record
Dec 4, 2002
$160,000
Public Record