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ActiveCondominium

5587 1/2 Village

Los Angeles, CA, 90016

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$615,000

Original list price: $659,000

MLS: 26852853

Beds

1

Baths

1

Sq Ft

1,018

Lot

10.17 ac

Year Built

1942

MLS #

26852853

Days on Market

47

Listed

Jun 26, 2026

Description

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.

Location

Los Angeles, Los Angeles County, CA 90016

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Listed by: Bryan McElroy · Sotheby's International Realty

Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.

Payment estimate

$5,590

/ month (est.)

Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $61,500 · Loan: $553,500

%

Average 30-yr fixed rate 6.69% as of Aug 6, 2026 (Freddie Mac PMMS). Adjust to your quote.

$/ mo
Principal & Interest
$3,568
Property tax (1.25%)
$641
Homeowners insurance
$300
Mortgage insurance
$231
HOA dues
$851
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Aug 6, 2026

30-year fixed
6.69%
15-year fixed
6.01%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

About the area · Mike Watson

About the Antelope Valley

The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $21,525 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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Local Market Stats

See Los Angeles, CA 90016 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

Only large teams outsell Mike Watson · Keller Williams Realty

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Listing data provided by the MLS · Presented by Watson & Associates · Keller Williams Realty · mikewatsonrealtor.com
All information deemed reliable but not guaranteed. Contact listing agent to verify.