
Los Angeles, California 90016
This townhome represents a High-Potential Investment Opportunity, listed at a List Price of $689,000—positioned well above the $641,134 Fair Market Value by 7%. While the price reflects a premium, the property offers unique value through its Mills Act status and Historic Landmark designation. With a Condition Rating of 5, the home requires significant modernization, yet features original parquet floors and a private patio. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage historic tax savings in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5390 Village Subject | $689,000* List Price | 2 | 1 | 1,161 | $552 | - |
A 5506 Village Green Sold | $790,000 | 2 | 1 | 1,161 | $680 | 0.1 mi |
B 5222 Village Sold | $820,000 | 3 | 2 | 1,583 | $518 | 0.1 mi |
C 5882 Bowcroft Street 3 Sold | $490,000 | 2 | 2 | 900 | $544 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1942 and described as a 'diamond in the rough,' the property is over 80 years old with a significantly dated bathroom and original parquet floors. The listing indicates a need for a full rehab to address the aging interior and systems.
The property benefits from Mills Act status, offering significant property tax savings that enhance long-term affordability for this National Historic Landmark residence.
Situated on 68 lush, park-like acres, the home features original parquet floors and serene greenbelt views, providing a rare and tranquil urban oasis.
Ideally located minutes from Downtown Culver City, Whole Foods, and two Expo Line stations, offering residents exceptional access to transit and modern amenities.
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 $1,105.78 is relatively high for a two-bedroom unit, which may impact the buyer's monthly carrying costs and overall purchasing power.
Marketed as a 'diamond in the rough,' the property likely requires significant cosmetic or structural updates to modernize the 1942 interior and maximize its value.
Diamond in the rough and an incredible value! Charming two-level townhome in the heart of Village Green, a 1942 National Historic Landmark and Monument offering 2 bedrooms, 1 bath, and the significant tax savings of Mills Act status. The main level welcomes you with abundant natural light and original parquet floors throughout most of the ground floor. The kitchen and dining area open directly onto your own private, serene patio perfect for morning coffee or quiet evenings outdoors. Adjacent to the kitchen is additional storage and washer and dryer hookups. With the potential for adding a half bath (Upon approval from the HOA, management company, and design committee) A one-car private garage sits just steps from the entry, with community laundry and ample guest parking close by. Upstairs, two generously sized bedrooms offer plentiful storage and treetop views over the greenbelt, plus a full bathroom. The primary bedroom includes its own private balcony a peaceful retreat above the tree line. Set on 68 lush, park-like acres, this home puts you minutes from trendy Downtown Culver City, Marina del Rey, Whole Foods, LAX, and two Expo Line stations a rare blend of historic charm, privacy, and unbeatable location. Deadline for offers is 8/30/26 at 6:00pm. First showings 8/21.
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 | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,161 | 1,219.385 |
| Lot Size | 557,395 | 27,236.074 |
| Price | $689.0K | $800.2K |
| Price per sq ft | $593 | $650 |
| Built year | 1942 | 1979 |
| HOA | $1105.78 | $685 |
| Days on market | 21 | 72 |
Aug 19, 2026
$689,000
Initial Listing
Aug 19, 1994
$135,000
Public Record