142 W 58th, Los Angeles, California 90037, Los Angeles, 90037 - 2 bed, 1 bath
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Los Angeles, California 90037
This R2-Zoned Development Asset presents a strategic acquisition opportunity with a List Price of $499,000, compared to a $470,120 Fair Market Value. While the property carries a Condition Rating of 5 and requires a complete gut renovation, the primary value lies in its R2 Zoning and ADU Potential on a 4,841-square-foot lot. Located minutes from SoFi Stadium, the Coliseum, and the Metro rail line, the site is positioned for significant appreciation ahead of the World Cup. This is an ideal project for Fix-and-Flip Investors or Buy-and-Hold Investors seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 142 W 58th Subject | $499,000* List Price | 2 | 1 | 964 | $477 | - |
A 933 W 57th Sold | $585,000 | 3 | 2 | 1,152 | $508 | 0.9 mi |
B 840 W 53rd Street Sold | $635,000 | 3 | 2 | 1,189 | $534 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1920s property is in a state of severe neglect and is currently boarded up with a 'Closed to the Public' notice. Interior images reveal significant deferred maintenance, including large holes in the walls and ceilings exposing the structure, heavily stained and damaged flooring, and a dilapidated bathroom with exposed wiring. The property requires a complete gut renovation or substantial rehabilitation of all major systems, kitchen, and bathrooms to be made habitable.
The property is zoned R2, providing a rare opportunity to build multiple units or add an Accessory Dwelling Unit (ADU) to maximize the lot's value.
Ideally situated near the Metro rail line, SoFi Stadium, and the Coliseum, the property is positioned to benefit from the high demand surrounding the upcoming World Cup and Olympics.
While titled as a 2-bedroom, the home includes two additional bonus rooms, offering the versatility to be used as a 4-bedroom residence, office, or den.
Marketed as a 'fixer' in 'as-is' condition, the property requires significant capital investment to address deferred maintenance and modernization.
Being a probate sale, the transaction may involve additional legal oversight and potentially longer closing timelines than a traditional residential sale.
Built in 1920, the home’s original systems and small 964-square-foot footprint may require a complete overhaul to meet current building codes and buyer expectations.
FIXER!! INVESTMENT OPPORTUNITY! This Los Angeles property offers character, flexibility, and excellent development potential. The home features an open layout with a spacious living room that includes a fireplace and a dining area ideal for gatherings. While the title reflects 2 bedrooms and 1 bathroom, the current layout includes 2 bedrooms, plus 2 additional bonus rooms that can function as an office, den, or extra bedrooms. There is also an indoor laundry area for convenience. The property is zoned for R2, allowing for multiple units or the opportunity to add an ADU. The large front and back yard provide ample outdoor space for gardening, entertaining, or future expansion. A long gated driveway accommodates up to 3 vehicles! Located near the Crenshaw/LAX Metro rail line, LAX, the Coliseum, SoFi Stadium, and local museums, this home offers excellent access to transit and major attractions. The World Cup and Olympics will be must-see events, adding excitement and value to this location. This fixer is being sold as-is through probate and is perfect for investors or flippers seeking to maximize the property’s zoning advantages. Don’t miss the chance to unlock the full potential of this versatile home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 964 | 1,250.5 | 3% |
| Lot Size | 4,841 | 5,266 | 31% |
| Price | $499.0K | $647.5K | 3% |
| Price per sq ft | $518 | $488 | 59% |
| Built year | 1920 | 1911 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 181 | 22% |
Jan 22, 2026
$499,000
Initial Listing