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142 W 58th Street, Los Angeles, California 90037, Los Angeles, 90037 - 2 bed, 1 bath

142 W 58th Street, Los Angeles, California 90037 home-pic-0
ACTIVE$499,000
142 W 58th Street, Los Angeles, California 90037
2Beds
1Bath
964Sqft
4,841Lot
Year Built
1920
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$518
HOA
-
Days on market
-
Sold On
-
MLS number
CV25175214
Home ConditionPoor
Features
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $499.0K(3th), sqft - 964(3th), beds - 2(18th), baths - 1(24th).

Probate listing - This classic Los Angeles home is full of character and style, ready for its next chapter. With an open layout and a generous floor plan, it features a spacious living room with a fireplace and a dining room—perfect for entertaining or relaxing. While the title reflects 2 bedrooms and 1 bathroom, the home currently offers 3 bedrooms and 1 bathroom, along with an inside laundry area for added convenience. Beautiful hardwood floors lie beneath the carpet, just waiting to be uncovered. The large front and back yards provide plenty of outdoor space for gardening and entertaining. A long driveway accommodates up to 3 mid-size vehicles and is secured by an iron gate. Located near the Crenshaw/LAX Metro rail line, LAX, the Coliseum, SoFi Stadium, and local museums, this home offers excellent access to transit and attractions. Whether you're looking to restore, renovate, or reimagine, this is a rare find with tremendous upside. Don’t miss out—homes with this much potential don’t last long!

Price History

Date
Event
Price
08/04/25
$499,000
Condition Rating
Poor
Built in 1920, this property is over 100 years old and shows significant signs of neglect and deferred maintenance in the exterior images, including an overgrown yard and worn facade. The description explicitly states it's a 'probate listing' and needs to be 'restored, renovated, or reimagined,' indicating substantial work is required. The mention of 'hardwood floors lie beneath the carpet' suggests outdated flooring. The absence of interior photos, particularly of the kitchen and bathroom, for a property of this age and condition strongly implies these areas are severely outdated and require full renovation. Major systems (electrical, plumbing, HVAC) are likely original or very old and beyond their expected lifespan, necessitating substantial repairs and rehabilitation.
Pros & Cons

Pros

Significant Renovation Potential: The property is highlighted as a 'rare find' with 'tremendous upside,' ideal for buyers looking to restore, renovate, or reimagine, offering substantial value-add opportunities.
Desirable Original Features: A classic Los Angeles home full of character and style, featuring beautiful hardwood floors hidden beneath the carpet, ready to be uncovered and restored.
Excellent Location & Accessibility: Strategically located near the Crenshaw/LAX Metro rail line, LAX, the Coliseum, SoFi Stadium, and local museums, providing convenient access to transit and major attractions.
Generous Outdoor Space & Secure Parking: Features large front and back yards for gardening and entertaining, complemented by a long, iron-gated driveway accommodating up to 3 mid-size vehicles.
Flexible Floor Plan: Despite the title reflecting 2 bedrooms, the home currently offers 3 bedrooms and 1 bathroom, along with an inside laundry area, providing more functional space for immediate use.

Cons

Probate Sale Complexity: As a probate listing, the sale process may involve longer closing times, specific legal requirements, and potential delays compared to a standard transaction.
Age-Related Updates Required: Built in 1920, the property likely requires significant investment in updating outdated systems (e.g., electrical, plumbing, HVAC) and finishes to meet modern standards and comfort.
Bedroom Count Discrepancy: The discrepancy between the title (2 bedrooms) and the current configuration (3 bedrooms) could lead to appraisal challenges or necessitate permitting/legal work to reconcile, adding potential cost and uncertainty.

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