5389 1/2 Village, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 1 bath
5389 1/2 Village
Los Angeles, California 90016
Property Price
SUMMARY
Analysis of 5389 1/2 Village, Los Angeles, California 90016 is currently available with a list price of $650,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Landmark Status
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.
- Expansive Park-Like Setting
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.
- Pedestrian-Oriented Community
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.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- High Association Fees
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.
- Aging Infrastructure and Restrictions
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.
About 5389 1/2 Village
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1945
- Lot Size
- 588,937 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $873.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Baldwin Hills Elementary School
Grades K-5 • 0.1 mi
Audubon Middle School
Grades 6-8 • 2.1 mi
Susan Miller Dorsey Senior High School
Grades 9-12 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 982 | 882.5 | 75% |
| Lot Size | 588,937 | 361,060 | 81% |
| Price | $650.0K | $576.0K | 75% |
| Price per sq ft | $662 | $650 | 50% |
| Built year | 1945 | 1944 | 50% |
| HOA | $873.0 | $733 | 81% |
| Days on market | 26 | 239 | 6% |
Pricing History
Listed for Sale
Feb 27, 2026
$650,000
$675,000
-4% Price Drop
Initial Listing
Price Change
Feb 9, 2026
$675,000
$650,000
+4% Price Increase
Initial Listing
Price Change
Feb 8, 2026
$650,000
Initial Listing
Sold
Dec 27, 2017
$430,000
Public Record
Sold
Aug 29, 1994
$16,000
Public Record