5516 Village Green, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 1 bath
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Los Angeles, California 90016
This Turnkey Condominium in the historic Village Green is a High-Potential Investment Opportunity, listed at $585,000—positioned well above the $522,463 Fair Market Value by 11%. While priced at a premium, the property features a Mint Condition Rating with a fully remodeled kitchen and bathroom. Residents enjoy a serene lifestyle within 68 acres of lush greenery, private patio access, and Mills Act tax benefits. This home is an ideal sanctuary for Owner-Occupants or first-time buyers seeking a historic, move-in ready residence in Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5516 Village Green Subject | $585,000* List Price | 2 | 1 | 826 | $633 | - |
A 5729 Clemson Street Sold | $445,000 | 2 | 1 | 756 | $589 | 0.4 mi |
B 5845 Bowcroft Street 4 Sold | $485,000 | 2 | 2 | 910 | $533 | 0.5 mi |
C 5273 Village Sold | $577,000 | 2 | 1 | 818 | $705 | 0.8 mi |
D 5827 Bowcroft Street 2 Sold | $490,000 | 2 | 2 | 867 | $565 | 0.5 mi |
E 3607 Kalsman Drive 6 Sold | $469,000 | 2 | 2 | 900 | $521 | 0.6 mi |
F 5803 Bowcroft Street 1 Sold | $459,000 | 2 | 1 | 900 | $510 | 0.5 mi |
G 5226 Village Green Active | $685,000 List Price | 2 | 1 | 818 | $837 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the structure dates to 1942, the interior has undergone a comprehensive renovation within the last 5 years. The kitchen is fully modernized with stainless steel appliances, shaker cabinetry, and stone countertops. The bathroom is also remodeled, and the unit features updated recessed lighting and well-maintained parquet floors, meeting the criteria for mint condition.
The property benefits from the Mills Act, offering substantial property tax savings that enhance long-term affordability for owners of this historic residence.
Set within 68 acres of lush greenery with 24-hour security, the property offers a rare, park-like retreat and a vibrant community lifestyle in a central urban location.
The home features a remodeled kitchen and bathroom alongside original parquet floors, providing a turnkey living experience that preserves its 1940s character.
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.
The monthly association fee of $851 is notably high for a two-bedroom unit of this size, which may impact the debt-to-income ratio for some buyers.
The assigned middle and high schools carry low ratings (2/10), which could be a deterrent for families and potentially affect future resale demand.
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 garageall while benefiting from the Mills Act's property tax savings. Village Green isn't just a home; it's a lifestyle. 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. Welcome home!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 2.2 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 44% |
| Square foot | 826 | 935.5 | 22% |
| Lot Size | 443,132 | 112,427.5 | 61% |
| Price | $585.0K | $576.0K | 56% |
| Price per sq ft | $708 | $539 | 83% |
| Built year | 1942 | 1944 | 50% |
| HOA | $851.0 | $767 | 72% |
| Days on market | 45 | 192 | 6% |
Apr 22, 2026
$585,000
Initial Listing
Sep 3, 2014
$275,000
Public Record
May 23, 1996
$72,500
Public Record