5389 1/2 Village, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 1 bath
Loading property details...
Los Angeles, California 90016
This Historic Garden Condominium is a Strong Value Opportunity, listed at $599,000—positioned well below the $631,415 Fair Market Value by 5%. This valuation gap provides $32,415 in Instant Equity for the incoming buyer. Maintaining a Good Condition Rating, the residence features a renovated kitchen with stainless appliances, polished hardwood floors, and a private patio overlooking the 64-acre Village Green landmark. With proximity to Baldwin Hills Elementary School, this property balances architectural heritage with modern lifestyle perks. It is an ideal acquisition for Owner-Occupants seeking a serene urban retreat or Buy-and-Hold Investors targeting a stable, high-demand asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5389 1/2 Village Subject | $599,000* List Price | 2 | 1 | 982 | $643 | - |
A 5172 1/2 Village Sold | $682,000 | 1 | 1 | 1,012 | $674 | 1.0 mi |
B 5198 1/2 Village Sold | $500,000 | 1 | 1 | 961 | $520 | 0.9 mi |
C 5587 1/2 Village Active | $715,000 List Price | 1 | 1 | 1,018 | $702 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and has been well-maintained despite its 1945 construction. The interior features polished hardwood flooring and updated kitchen components, including stainless steel appliances and modern countertops. The bathroom appears clean and functional with contemporary fixtures. While the property is part of a historic landmark and retains its original charm, the visible updates to the living surfaces and kitchen suggest it has been renovated within the last 5 to 15 years, meeting the criteria for a 'good' rating.
As part of the Village Green National Historic Landmark, this property offers a unique opportunity to own a piece of Los Angeles architectural history within a prestigious and protected community.
The residence is situated on 64 acres of lush, professionally landscaped grounds, providing a rare and tranquil 'garden city' environment that serves as a peaceful retreat from urban life.
The community's design prioritizes winding pathways and shaded common areas, fostering a strong sense of neighborhood connectedness and offering beautiful greenbelt views from the home.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =588937, other record lot size in square feet = 588770. Living area discrepancy between mls listing and other public or private record. mls listing living area = 982, other record living area = 826.
The monthly association fee of $873 is significantly high for a two-bedroom unit, which may impact the overall affordability and debt-to-income ratio for prospective buyers.
Built in 1945, the property may feature older systems, and its historic designation often comes with strict limitations on renovations and modern upgrades to the exterior and structure.
Enjoy park-like living in one of Los Angeles’ most cherished historic communities! This residence offers the rare opportunity to be part of the Village Green National Historic Landmark — a beautifully planned garden apartment complex with winding pathways, lush landscaping and a true community feel. Spanning over 64-acres of lush grounds shaded by mature trees, Village Green was designed to provide a peaceful retreat from city life right in the heart of LA. Residents regularly stroll the paths, relax in shaded common areas and enjoy the sense of neighborhood connectedness that this iconic property is known for.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 982 | 961 | 53% |
| Lot Size | 588,937 | 529,574 | 74% |
| Price | $599.0K | $599.0K | 50% |
| Price per sq ft | $610 | $610 | 50% |
| Built year | 1945 | 1945 | 50% |
| HOA | $873.0 | $740 | 74% |
| Days on market | 73 | 202 | 11% |
Mar 17, 2026
$599,000
$650,000
-8% Price Drop
Initial Listing
Feb 27, 2026
$650,000
$675,000
-4% Price Drop
Initial Listing
Feb 9, 2026
$675,000
$650,000
+4% Price Increase
Initial Listing
Feb 8, 2026
$650,000
Initial Listing
Dec 27, 2017
$430,000
Public Record
Aug 29, 1994
$16,000
Public Record