1238 W 55th, Los Angeles, California 90037, Los Angeles, 90037 - 2 bed, 1 bath
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Los Angeles, California 90037
This Single Family Residence is a Strong Value Opportunity, listed at $619,950—positioned well below the $649,977 Fair Market Value by 4%. This valuation gap offers $30,027 in Instant Equity for the buyer. The property is in Good Condition, featuring fresh paint and new carpet, while the detached two-car garage adds significant utility. Its proximity to USC and major sports venues ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a centrally located, move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1238 W 55th Subject | $619,950* List Price | 2 | 1 | 1,236 | $526 | - |
A 1111 W 54th Sold | $640,000 | 3 | 1 | 1,188 | $539 | 0.2 mi |
B 1345 W 54th Street Sold | $609,000 | 3 | 1 | 1,356 | $449 | 0.2 mi |
C 1320 W 50th Street Sold | $740,000 | 3 | 1 | 1,288 | $575 | 0.4 mi |
D 945 W 54th Street Sold | $620,000 | 2 | 1 | 1,219 | $509 | 0.4 mi |
E 841 W 58th Sold | $675,000 | 4 | 2 | 1,236 | $546 | 0.5 mi |
F 4239 S Raymond Avenue Sold | $780,000 | 3 | 1 | 1,218 | $640 | 1.0 mi |
G 933 W 57th Sold | $585,000 | 3 | 2 | 1,152 | $508 | 0.4 mi |
H 1249 W 56th Street Sold | $715,000 | 3 | 2 | 1,144 | $625 | 0.0 mi |
I 1301 W 56th Street Active | $699,888 List Price | 3 | 2 | 1,250 | $560 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1915, the property is well-maintained and move-in ready with recent cosmetic updates including fresh interior/exterior paint and brand-new carpeting. While the kitchen and baths likely reflect an older style given the age, the immediate functional condition and recent maintenance meet the criteria for good.
The property is strategically located near major Los Angeles hubs including USC, Downtown LA, and premier sports venues like SoFi Stadium and Intuit Dome, offering excellent accessibility and high rental demand.
With fresh interior and exterior paint plus brand-new carpeting throughout, this home is in move-in-ready condition, appealing to first-time buyers and investors looking to avoid immediate renovation costs.
The inclusion of a detached two-car garage provides secure parking and significant additional storage space, which is a highly desirable and valuable feature in this urban market.
Originally built in 1915, the property may have aging underlying systems such as plumbing or electrical that could require future capital improvements despite recent cosmetic updates.
The 1-bathroom configuration for a 1,236 square foot home with a den may be a drawback for families or those seeking a more modern, multi-bath layout.
Welcome to 1238 W. 55th Street, Los Angeles! This move-in-ready 2-bedroom, 1-bath home offers 1,236 square feet of inviting living space with fresh interior and exterior paint and brand-new carpet in both bedrooms and the den. A detached two-car garage provides ample parking and storage. Conveniently located near Downtown Los Angeles, USC, Exposition Park, SoFi Stadium, Intuit Dome, shopping, dining, parks, and major freeways, this home offers easy access to everything the city has to offer. A wonderful opportunity for first-time buyers, investors, or anyone looking for a centrally located Los Angeles home. *Listing agent will not represent any buyer in this transaction under any circumstances.*
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,236 | 1,672 |
| Lot Size | 5,281 | 6,067 |
| Price | $620.0K | $1.37M |
| Price per sq ft | $502 | $801 |
| Built year | 1915 | 1939 |
| HOA | $0 | $348 |
| Days on market | 9 | 56 |
Jul 13, 2026
$619,950
Initial Listing