5340 1/4 Village, Los Angeles, California 90016, Los Angeles, 90016 - 1 bed, 1 bath
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Los Angeles, California 90016
This High-Potential Investment Opportunity is listed at $549,000, positioned well above the $449,841 Fair Market Value. While the price reflects a premium, the property offers unique long-term value through its Mills Act designation, providing significant property tax savings. Featuring a Condition Rating of 4, the unit requires interior updates to modernize its 1942 character. With an oversized private patio and a serene Park/Greenbelt view, this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking a historic, park-like lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5340 1/4 Village Subject | $549,000* List Price | 1 | 1 | 745 | $604 | - |
A 5434 Village Green Sold | $673,675 | 1 | 1 | 745 | $904 | 0.1 mi |
B 5773 Clemson Street Sold | $410,000 | 2 | 1 | 771 | $532 | 0.7 mi |
C 5273 Village Sold | $577,000 | 2 | 1 | 818 | $705 | 0.7 mi |
D 5882 Bowcroft Street 3 Sold | $490,000 | 2 | 2 | 900 | $544 | 0.8 mi |
E 5827 Bowcroft Street 2 Sold | $490,000 | 2 | 2 | 867 | $565 | 0.7 mi |
F 3607 Kalsman Drive 6 Sold | $469,000 | 2 | 2 | 900 | $521 | 0.8 mi |
G 5528 Village Green Active | $599,900 List Price | 1 | 1 | 745 | $805 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1942 with 'timeless character' and no mention of recent renovations to kitchen, baths, or systems. While the exterior is well-maintained as a historic landmark, the age and description suggest dated interior components and systems that likely require updates to meet modern standards.
The property's designation under the Mills Act provides owners with substantial property tax savings, a significant financial advantage for a historic Los Angeles residence.
Situated within the 68-acre Village Green National Historic Landmark, the unit offers a rare, serene environment with expansive greenbelts and mature landscaping.
The inclusion of an oversized private enclosed patio significantly enhances the living space, offering a secluded area for outdoor dining and relaxation.
The monthly HOA fee of $886.59 is notably high for a one-bedroom unit, which may impact the overall monthly carrying costs and buyer affordability.
The property is currently tenant-occupied, which could complicate the move-in timeline for owner-occupants and may require specific coordination for showings.
Welcome to 5340 1/4 Village Green, a charming one-bedroom, bungalow cottage unit nestled within one of Los Angeles' most treasured residential communities. Offering 745 square feet of light-filled living space, this inviting home combines timeless character with a serene garden setting. The floor plan flows to an oversized private enclosed patio, creating the perfect space for morning coffee, outdoor dining, or simply enjoying the peaceful surroundings. Perfectly situated within the community, this unit enjoys a prime location with convenient access to nearby garage parking and laundry. Set within the iconic Village Green, a National Historic Landmark spanning more than 68 acres of beautifully landscaped grounds. Residents enjoy a rare park-like environment filled with mature trees, walking paths, and expansive green spaces. An added benefit of ownership at Village Green is its Mills Act designation, which may provide substantial property tax savings. Please note that the property is tenant-occupied currently on a month-to-month lease. Kindly do not disturb the occupant.
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 | 1,243 |
| Lot Size | 557,395 | 24,016 |
| Price | $549.0K | $805.6K |
| Price per sq ft | $737 | $659 |
| Built year | 1942 | 1981 |
| HOA | $886.59 | $684 |
| Days on market | 21 | 71 |
Jul 1, 2026
$549,000
Initial Listing
Jul 25, 2024
$561,000
Public Record
Jun 5, 2001
$130,000
Public Record
Oct 17, 1996
$77,000
Public Record