5418 1/2 Village, Los Angeles, California 90016, Los Angeles, 90016 - 1 bed, 1 bath
ACTIVE UNDER CONTRACT$595,000$961/sqft
5418 1/2 Village, Los Angeles, California 90016
1Bed
1Bath
961Sqft
588,937Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Mills Act Eligibility: The property is eligible for the Mills Act, offering meaningful long-term property tax savings that can significantly enhance affordability.
Top Cons:
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 = 961, other record living area = 849.
Compared to the nearby listings
Price:$595.0K vs avg $570.0K (+$25,000)56%
Size:961 sqft vs avg 898 sqft67%
Price/sqft:$619 vs avg $61950%
More Insights
Built in 1945 (81 years old).
Condition: Despite being built in 1945, the property is move-in ready with significant updates. The kitchen features modern stainless steel appliances, granite countertops, and clean tile flooring. The bathroom is also updated with subway tile, a modern vanity, and fixtures. Hardwood floors are present throughout the main living areas and bedrooms, and the overall aesthetic is clean and well-maintained with recessed lighting. While some elements like the kitchen cabinet style and bathroom light fixture are not ultra-modern, they are functional and in good condition, requiring no immediate renovations.
Year Built
1945
Close
-
List price
$595K
Original List price
$595K
Price/Sqft
$619
HOA
$873.57
Days on market
-
Sold On
-
MLS number
26636069
Home ConditionGood
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Eligible for the Mills Act, this Village Green residence offers meaningful long-term property tax savings that can make ownership more attainable for first-time buyers. This top-floor, end-unit home has only one shared wall, creating extra privacy, better light, and a quieter living experience. The living room and primary bedroom enjoy open hillside and neighborhood views with palms, mature trees, open sky, and excellent cross-breezes that keep the space comfortable year-round. The approximately 961 sq ft interior features hardwood floors, an updated kitchen and bath, and a simple, efficient layout that lives comfortably. A private ground-level patio and a detached one-car garage with extra storage complete the offering, all within an iconic Mid-Century community known for its green space, security, and convenient access to Culver City, DTLA, LAX, and the Metro E Line.
M
Marc J. Robinson
Listing Agent
Nearby schools
6/10
Baldwin Hills Elementary School
Public,•K-5•0.1mi
2/10
Audubon Middle School
Public,•6-8•2.1mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•1.0mi
Price History
Date
Event
Price
08/09/24
Sold
$649,000
08/08/08
Sold
$170,000
Condition Rating
Good
Despite being built in 1945, the property is move-in ready with significant updates. The kitchen features modern stainless steel appliances, granite countertops, and clean tile flooring. The bathroom is also updated with subway tile, a modern vanity, and fixtures. Hardwood floors are present throughout the main living areas and bedrooms, and the overall aesthetic is clean and well-maintained with recessed lighting. While some elements like the kitchen cabinet style and bathroom light fixture are not ultra-modern, they are functional and in good condition, requiring no immediate renovations.
Pros & Cons
Pros
Mills Act Eligibility: The property is eligible for the Mills Act, offering meaningful long-term property tax savings that can significantly enhance affordability.
Prime Location & Community: Located in an iconic Mid-Century community known for its green space and security, with convenient access to major hubs like Culver City, DTLA, LAX, and the Metro E Line.
Enhanced Privacy & Natural Comfort: As a top-floor, end-unit with only one shared wall, it provides extra privacy, abundant natural light, and excellent cross-breezes for year-round comfort.
Updated Interior & Functional Layout: The 961 sq ft interior features hardwood floors, an updated kitchen and bath, and a simple, efficient layout that lives comfortably.
Valuable Additional Amenities: Includes a private ground-level patio and a detached one-car garage with extra storage, adding significant value and utility.
Cons
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 = 961, other record living area = 849.
High Association Fees: The monthly association fee of $873.57 is substantial and could be a significant ongoing cost for potential buyers.
Limited Bedroom/Bathroom Count: As a 1-bedroom, 1-bathroom unit, it may not accommodate buyers requiring more living space or additional rooms.
Lower-Rated Local Schools: The middle and high schools in the immediate vicinity have lower ratings (2/10), which could be a consideration for families with school-aged children.