5198 1/2 Village, Los Angeles, California 90016, Los Angeles, 90016 - 1 bed, 1 bath
ACTIVE$550,000
5198 1/2 Village, Los Angeles, California 90016
1Bed
1Bath
961Sqft
552,223Lot
Year Built
1942
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$572
HOA
$735
Days on market
-
Sold On
-
MLS number
25573099
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $550.0K(50th), sqft - 961(65th), beds - 1(25th), baths - 1(50th).
Large 1 bed 1 bath in iconic Village Green, a National Historic Landmark. It is a beautiful park-like setting -- with lush landscaping. The unit needs cosmetic touches. Upper unit featuring granite countertops in the kitchen and bath. Relax on your private patio on the ground level and an easily accessible detached one-car garage with extra storage. 24-hour security patrols, great location, very close to shops and connecting freeways! Owner passed away of natural causes in the unit 2024.
Nearby schools
6/10
Baldwin Hills Elementary School
Public,•K-5•0.4mi
2/10
Audubon Middle School
Public,•6-8•1.8mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.7mi
Price History
Date
Event
Price
07/30/25
$550,000
11/06/12
Sold
$183,000
12/13/06
Sold
$335,000
12/17/02
Sold
$140,000
Condition Rating
Fair
Built in 1942, this property is aged. While the kitchen features updated cabinets and granite countertops, and the bathroom has a modern vanity and toilet, several elements show their age. The description notes it 'needs cosmetic touches,' which is evident in the worn hardwood floors throughout and the older appliances (range, microwave) in the kitchen. The property is functional but requires minor updates and repairs to modernize and refresh its appearance.
Pros & Cons
Pros
Historic Significance & Unique Community: Located in the iconic Village Green, a National Historic Landmark, offering a beautiful park-like setting with lush landscaping, providing a unique and desirable living environment.
Spacious Layout: At 961 sqft, this 1-bedroom, 1-bath unit is exceptionally large, offering ample living space compared to typical 1-bedroom condominiums.
Enhanced Security: The community benefits from 24-hour security patrols, providing residents with peace of mind and a secure living environment.
Private Parking & Storage: Includes an easily accessible detached one-car garage with extra storage, a valuable amenity in Los Angeles.
Prime Location & Accessibility: Boasts a great location very close to shops and connecting freeways, offering excellent convenience and connectivity.
Cons
Requires Cosmetic Updates: The unit 'needs cosmetic touches,' indicating potential immediate out-of-pocket expenses for the buyer to modernize or personalize the space.
High Association Fee: The monthly association fee of $735 is substantial for a 1-bedroom unit, which could impact affordability and long-term ownership costs.
Recent Death in Unit: The disclosure of the owner passing away of natural causes in the unit in 2024, while natural, can be a psychological deterrent for some potential buyers.