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5587 1/2 Village Grn, Los Angeles, CA, 90016

1beds
1baths
1,018sqft
$649,000
$638price/sqft
$4,481/moest. monthly cost
$179,240/yrincome needed

About This Home

Located within the iconic Village Green, this beautifully situated corner townhome offers the rare opportunity to live in one of Los Angeles' most celebrated residential communities. Designed in 1942 by renowned architect Reginald D. Johnson, Village Green spans 68 acres of lush gardens, mature trees, and meandering pathwaysan urban oasis designated as a National Historic Landmark. Privately positioned with sweeping views of the greenbelt and towering trees, this light-filled residence blends timeless character with thoughtful updates. Hardwood floors run throughout, while the remodeled kitchen features granite countertops, a charming breakfast bar with treetop views, updated appliances, and a stylish retro Summit Appliance range that perfectly complements the home's vintage character. Upon entry, a quaint foyer leads upstairs to the main living level where generous living and dining spaces overlook serene park-like grounds. Just off the living room, a private enclosed balcony creates the perfect indoor-outdoor retreat for morning coffee or sunset views beneath the trees. The spacious primary bedroom enjoys peaceful greenbelt views, dual closets, and a striking treescape accent mural that beautifully mirrors the natural landscape outside. A charming vintage-style full bath preserves the home's original character while offering everyday functionality. A gated entry patio adds another layer of privacy and outdoor charm creating a welcoming space that sets the tone for this special home. Additional highlights include abundant storage throughout, a tankless water heater, and a private one-car garage. All furniture and furnishing are available. Village Green residents enjoy a vibrant and close-knit community lifestyle with 24-hour security patrol, on-site management, ample guest parking, common park grounds and beloved neighborhood traditions including outdoor concerts, movie nights, and community potlucks on the green. As part of the National Historic Registry, the property also benefits from significant property tax savings through the Mills Act. Ideally located near the Expo Line, and just minutes from the restaurants, shops, and nightlife of Culver City and the vibrant dining scene in West Adams, this is a rare opportunity to experience the perfect blend of architectural history, natural beauty, and city convenience. If you've never visited Village Green before, prepare to be captivated as few places in Los Angeles offer this level of tranquility, community, and timeless design.

Getting Around

54
WalkingSomewhat Walkable
56
TransitGood Transit
47
BikeSomewhat Bikeable

Schools

3/10
Audubon Middle SchoolGrades 6-82.3 mi

Construction

Condition

  • Year built: 1942

Type & Style

  • Home type: Townhouse
  • Architectural style: Mid-Century
  • Property subType: Residential,Condominium,Townhouse

Interior

Appliances

  • Appliances included: Exhaust Fan,Range/Oven,Refrigerator
  • Laundry features: Common Area

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Hardwood,Slate,Stone Tile,Mixed
  • Fireplace features: None

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 1,018
  • Total interior livable area: 1,018 sqft

Property

Details

  • Parcel number: 5025007078
  • Attached to another structure: Yes
  • Zoning: LARD4
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Patio,Covered
  • Exterior features: Balcony
  • Has view: Yes
  • View description: Park/Greenbelt,Tree Top

Lot

  • Lot size: 10.17 Acres

Parking

  • Total spaces: 1
  • Parking features: Garage - 1 Car,Private Garage,On Site
  • Has garage: Yes
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Inland Flooding
Earthquake
Heat Wave
Wildfire

FEMA Declared Disasters in Los Angeles County and California

Earthquake
Fire
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,281$39,372
Home Insurance *$87$1,044
Property Taxes $715$8,580
Electricity $398$4,786
Total$4,481$53,772
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$153,634/yr
40% on housing$134,430/yr
45% on housing$119,493/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$638This listing

vs Other Active Listings

Avg $/sqft

ZIP 90016$502
Los Angeles County$602

vs Homes Sold Last Month

Median $/sqft

ZIP 90016$762
Los Angeles County$610

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-20Price change$695,000
2026-03-12Listed for sale$715,000
2018-05-17Listing removed$2,400
2018-04-25Listed for rent$2,400
2008-08-29Sold$340,000

For Sale by Agent

AgentErica Lockhart
BrokerageCompass

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