5516 Village Green, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 1 bath
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5516 Village Green
Los Angeles, California 90016
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
826Sq Ft
443,132Lot Size
Property Price
LIST PRICE$549,500
EST. MARKET VALUE
$518,219
6% AboveMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $555,750—positioned above the $519,602 Fair Market Value. While priced slightly above market, the property features a Mint Condition Rating with a fully remodeled kitchen and bath, ensuring a move-in ready experience. Residents enjoy the historic Village Green lifestyle, complete with a private patio and park-like views. Despite lower-rated local schools, the Mills Act tax savings provide significant long-term financial relief. This is an ideal acquisition for first-time buyers or lifestyle-focused professionals seeking a serene, historic Los Angeles retreat.
Estimated Market Value
$518,219
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5516 Village Green Subject 2 bd · 1 ba · 826 sqft · $627 | $549,500* List Price | 2 | 1 | 826 | $627 | - |
A 5464 Village Green Sold 2 bd · 1 ba · 818 sqft · $795 · 0.1 mi | $650,000 | 2 | 1 | 818 | $795 | 0.1 mi |
B 5327 Village Sold 1 bd · 1 ba · 896 sqft · $625 · 0.2 mi | $560,000 | 1 | 1 | 896 | $625 | 0.2 mi |
C 3604 Kalsman Drive 2 Sold 2 bd · 2 ba · 871 sqft · $534 · 0.5 mi | $465,000 | 2 | 2 | 871 | $534 | 0.5 mi |
D 5441 Village Sold 1 bd · 1 ba · 849 sqft · $588 · 0.1 mi | $499,000 | 1 | 1 | 849 | $588 | 0.1 mi |
E 3610 Kalsman Dr 2 Sold 2 bd · 2 ba · 900 sqft · $541 · 0.5 mi | $487,000 | 2 | 2 | 900 | $541 | 0.5 mi |
F 5823 Bowcroft Street #4 Sold 2 bd · 2 ba · 910 sqft · $548 · 0.5 mi | $499,000 | 2 | 2 | 910 | $548 | 0.5 mi |
G 3641 Kalsman Drive 4 Sold 2 bd · 2 ba · 900 sqft · $539 · 0.6 mi | $485,000 | 2 | 2 | 900 | $539 | 0.6 mi |
H 5773 Clemson Street Sold 2 bd · 1 ba · 771 sqft · $532 · 0.5 mi | $410,000 | 2 | 1 | 771 | $532 | 0.5 mi |
I 5226 Village Green Active 2 bd · 1 ba · 818 sqft · $837 · 0.3 mi | $685,000 List Price | 2 | 1 | 818 | $837 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1942, the property has undergone a comprehensive modern renovation within the last 5 years. The kitchen is updated with stainless steel appliances, white shaker cabinetry, and subway tile, while the interior features recessed lighting and well-maintained parquet floors. The unit is in mint, move-in ready condition with no visible maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Tax Savings
The property qualifies for the Mills Act, providing owners with substantial property tax reductions, a major financial benefit for a historic Los Angeles residence.
- Modernized Historic Charm
This ground-level home features a remodeled kitchen and bathroom paired with original parquet floors, offering a move-in-ready interior that preserves its 1940s character.
- Expansive Park-Like Setting
Situated within the 68-acre historic Village Green, the property offers a serene, secure environment with lush greenery, community events, and a private patio.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =443132, other record lot size in square feet = 443008.
- High Association Fees
The monthly HOA fee of $851 is relatively high for an 826-square-foot unit, which may impact the overall affordability and debt-to-income ratio for buyers.
- Low School Ratings
The assigned middle and high schools have low performance ratings (2/10), which could be a drawback for families and potentially affect long-term resale value.
About 5516 Village Green
*ATTENTION! Seller willing to cooperate with buyer's closing costs! See private remarks for more detail.* This charming 826 sq. ft. ground-level home in historic Village Green offers a serene retreat surrounded by 68 acres of lush greenery. Featuring 2 bedrooms, 1 bath, timeless parquet floors, and a remodeled kitchen and bathroom, it seamlessly blends character with modern comfort. Step out to your private patio or enjoy the convenience of a one-car garage all while benefiting from the Mills Act's property tax savings. Village Green isn't just a home; it's a lifestyle. Inside laundry is allowed following permissions from the HOA and the city of LA. With community events, 24-hour security, and a prime location near LAX, Beverly Hills, and Culver City, this vibrant oasis puts the best of Los Angeles at your doorstep. History, charm, and convenience await. Make it yours now at a fantastic price! Motivated seller! Wink, wink!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1942
- Lot Size
- 443,132 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $851.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Baldwin Hills Elementary School
Grades K-5 • 0.1 mi
6/10
Audubon Middle School
Grades 6-8 • 2.2 mi
2/10
Susan Miller Dorsey Senior High School
Grades 9-12 • 1.1 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 826 | 1,252.996 |
| Lot Size | 443,132 | 26,029.603 |
| Price | $549.5K | $778.5K |
| Price per sq ft | $665 | $629 |
| Built year | 1942 | 1981 |
| HOA | $851.0 | $676 |
| Days on market | 42 | 74 |
Pricing History
Listed for Sale
Oct 23, 2026
$549,500
$555,750
-1% Price Drop
Initial Listing
Price Change
Sep 28, 2026
$555,750
Initial Listing
Sold
Sep 3, 2014
$275,000
Public Record
Sold
May 23, 1996
$72,500
Public Record