ActiveResidential · sale

5314 1/2 Village

Los Angeles, CA 90016

$449,000

  • 1 beds
  • 1 baths
  • 961 sq ft
  • 12.8 acres
  • Built 1942

Listed by Aspire Los Angeles · MLS #26840543

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PROPERTY QUESTIONS & SHOWINGS

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5314 1/2 Village, Los Angeles, CA 90016 · MLS #26840543

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1942.

Garage parking

1 garage spaces listed.

Property size

12.8 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

NEW PRICE EXCEPTIONAL VILLAGE GREEN OPPORTUNITY. Offered at $449,000, this bright, upper-level end unit represents one of the most compelling values currently available in Village Green. For the buyer willing to complete the established compliance scope and add their own finishing touches, this is a rare opportunity to purchase well below the price point of many comparable Village Green residences and create meaningful long-term value.Ideally positioned within a charming garden court, the home enjoys beautiful west-facing light, sunset views, warm hardwood floors, abundant windows, a spacious layout, and a private outdoor patio. The residence offers a wonderful architectural canvas for a buyer looking to create something special while preserving the character that makes Village Green so unique.The path toward compliance has already been proactively explored, with an established scope providing buyers greater clarity about the work ahead. The sellers are motivated and have priced the property accordingly, creating an opportunity that deserves a fresh look.Village Green is a National Historic Landmark and one of Los Angeles' most architecturally significant communities. Designed in the early 1940s as part of the greenbelt movement, its 68 acres of mature trees, landscaped grounds, pedestrian pathways, and timeless architecture create a remarkable urban oasis in the heart of Los Angeles.Residents enjoy concerts on the Green, movie nights, community gatherings, 24-hour security patrol, ample guest parking, and the benefits of the Mills Act, which can provide significant property-tax savings for owners.Conveniently located near Culver City, the Expo Line, Whole Foods, Kenneth Hahn Park, the upcoming Costco development, and some of Los Angeles' best dining, arts, and creative centers.At $449,000, this is an opportunity to get into Village Green at an exceptional price point, complete the vision, and make it your own.

Upcoming open houses

–11:00 pm · Confirm the schedule with the listing team.

THE NEIGHBORHOOD

Explore the location.

5314 1/2 Village, Los Angeles, CA 90016

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1942
Full baths
1
Half baths
0
Garage spaces
1
Cooling
None
Heating
Gravity
Flooring
Tile,Wood
Pool
No
Pool features
None
Zoning
LARD4
Parcel
5025009107
HOA amenities
Clubhouse,MaintenanceGrounds,Security,Trash
HOA fee frequency
Monthly
HOA fee
$887.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$1,870.83
Cap rate

Annual operating income:

HOA: Includes $887.00 per month in HOA dues, converted from the $887.00 monthly fee reported by the listing source.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

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  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #26840543 · California Regional MLS

Listing brokerage: Aspire Los Angeles
Listing agent: Chris Scornaienchi

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.