5587 1/2 Village, Los Angeles, California 90016, Los Angeles, 90016 - 1 bed, 1 bath
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Los Angeles, California 90016
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $659,000—positioned above the $633,626 Fair Market Value. While priced slightly above market, the property offers a Condition Rating of 3, featuring a modernized kitchen and tankless water heater within a historic landmark setting. Residents enjoy a serene, treehouse-like lifestyle with Park/Greenbelt Views, a private balcony, and a patio. Despite lower-rated local schools, the community’s 68 acres of gardens provide unmatched tranquility. This residence is an ideal fit for Owner-Occupants or first-time buyers seeking a peaceful, historic urban retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5587 1/2 Village Subject | $659,000* List Price | 1 | 1 | 1,018 | $622 | - |
A 5506 Village Green Sold | $790,000 | 2 | 1 | 1,161 | $680 | 0.1 mi |
B 5508 Village Grn Sold | $850,000 | 2 | 2 | 1,136 | $748 | 0.1 mi |
C 5482 Village Sold | $800,000 | 2 | 2 | 1,136 | $704 | 0.8 mi |
D 3607 Kalsman Drive 6 Sold | $469,000 | 2 | 2 | 900 | $521 | 0.6 mi |
E 5827 Bowcroft Street 2 Sold | $490,000 | 2 | 2 | 867 | $565 | 0.5 mi |
F 5273 Village Sold | $577,000 | 2 | 1 | 818 | $705 | 0.8 mi |
G 3641 Kalsman Drive 4 Sold | $485,000 | 2 | 2 | 900 | $539 | 0.6 mi |
H 5882 Bowcroft Street 3 Sold | $490,000 | 2 | 2 | 900 | $544 | 0.6 mi |
I 5441 Village Active Under Contract | $499,000 List Price | 1 | 1 | 849 | $588 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1942 build date, the property is in well-maintained, move-in ready condition. The kitchen has been modernized with flat-panel cabinetry and stone countertops, and the home features upgraded systems like a tankless water heater. While the bathroom is 'vintage-inspired' and original steel windows remain, the overall interior finishes and hardwood floors are in high-quality, functional condition.
Located within the Village Green National Historic Landmark, the property offers a unique 'treehouse-like' ambiance with sweeping views of 68 acres of meticulously maintained park-like grounds.
Situated in Court 10 and tucked well away from surrounding streets, this unit provides exceptional privacy and a tranquil living environment rare for central Los Angeles.
The home perfectly balances its 1942 architectural character with modern upgrades, including an updated kitchen, hardwood floors, and a tankless water heater.
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. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1018, other record living area = 925.
The monthly HOA fee of $851 is relatively high for a one-bedroom condominium, which may impact monthly affordability and the overall debt-to-income ratio for prospective buyers.
While the elementary school is moderately rated, the assigned middle and high schools currently hold low ratings (2/10), which could be a drawback for families or long-term resale value.
Nestled within the iconic Village Green, a designated National Historic Landmark, this beautifully maintained 1-bedroom, 1-bath residence offers approximately 1,018 square feet of timeless architecture, abundant natural light, and sweeping views of the community's lush, park-like green space, creating an exceptionally peaceful setting.Ideally located in Court 10, this home is tucked well away from surrounding streets, creating a tranquil retreat in the heart of Los Angeles. Perfectly positioned to take full advantage of its coveted location, the home's private balcony and expansive windows in both the living room and bedroom frame peaceful vistas of mature trees and Village Green's beautifully landscaped interior. The result is a serene, treehouse-like ambiance that brings nature into nearly every primary living space.A private entry welcomes you into a spacious floor plan featuring hardwood floors, generous living and dining areas, and an abundance of natural light. The updated kitchen blends timeless character with modern convenience.The generously sized bedroom offers ample closet space and shares the same tranquil greenbelt views, while the vintage-inspired bathroom preserves the home's architectural charm. Additional features include abundant storage, a private one-car garage, a tankless water heater, and a downstairs spacious patio perfect for more outdoor living activities. Village Green is renowned for its 68 acres of meticulously maintained gardens, winding pedestrian pathways, and mature trees, offering a lifestyle unlike any other in Los Angeles. Residents enjoy 24-hour security, on-site management, guest parking, and a vibrant sense of community.Conveniently located near Culver City, West Adams, the Expo Line, and many of the Westside's premier restaurants, shops, and cultural destinations, this is a rare opportunity to own a home where historic character, natural beauty, and urban convenience come together.Peaceful, private, and surrounded by greenery, this exceptional Village Green residence offers one of the community's most desirable settings.
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 |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,018 | 1,243 |
| Lot Size | 443,132 | 24,016 |
| Price | $659.0K | $805.6K |
| Price per sq ft | $647 | $659 |
| Built year | 1942 | 1981 |
| HOA | $851.0 | $684 |
| Days on market | 26 | 71 |
Jun 26, 2026
$659,000
Initial Listing