1617 W 58th, Los Angeles, California 90062, Los Angeles, 90062 - 0 bed, 0 bath
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1617 W 58th
Los Angeles, California 90062
ACTIVE
CONDITION: POOR
0Beds
0Baths
1,344Sq Ft
4,880Lot Size
Property Price
LIST PRICE$460,000
EST. MARKET VALUE
$477,605
3% BelowMARKET VALUE
SUMMARY
This duplex presents a High-Potential Investment Opportunity with a List Price of $460,000—positioned well below the $477,605 Fair Market Value by 3%. This valuation gap offers $17,605 in Instant Equity. Featuring a Fair Condition Rating due to its 1922 construction, the property provides immediate cash flow via stable Section 8 and market-rate tenants. This Residential Income Asset is ideal for Buy-and-Hold Investors or Portfolio Builders seeking a turnkey rental with long-term value-add potential.
Estimated Market Value
$477,605+$17,605 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1617 W 58th Subject | $460,000* List Price | 0 | 0 | 1,344 | $355 | - |
A 1649 W 56th Street Sold | $515,000 | 0 | 0 | 1,448 | $356 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Property is over 100 years old (built 1922) with no mention of recent renovations to kitchens, baths, or major systems. Marketed as an 'investor opportunity' with tenants in place, suggesting deferred maintenance and a need for significant rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
The property is fully occupied with both units currently rented, providing the new owner with immediate cash flow and a turnkey investment from day one.
- Stable Section 8 Revenue
The front three-bedroom unit participates in the Section 8 Housing Choice Voucher Program, ensuring a reliable and guaranteed portion of the monthly rental income.
- Strategic Urban Location
Conveniently located near major Los Angeles thoroughfares, public transportation, and local shopping, the property is well-positioned to maintain high tenant demand.
CONSRISKS & DEFICIENCIES
- Limited Immediate Control
The property is sold with tenants in place and a 'do not disturb' instruction, which restricts immediate owner-occupancy and limits the ability to perform comprehensive interior inspections or renovations.
- Aging Infrastructure
Built in 1922, this century-old structure may require significant capital expenditures for maintenance, repairs, or modernizing systems to meet current building standards.
About 1617 W 58th
Investor opportunity in Los Angeles! This tenant-occupied duplex features a front unit offering three bedrooms and one bathroom, plus a rear unit with one bedroom and one bathroom. Both units are currently rented, providing immediate rental income for the new owner. The front unit participates in the Section 8 Housing Choice Voucher Program, while the rear unit is rented separately. Property is being sold with tenants in place and offers an opportunity for an investor looking to add a residential income property to their portfolio. Conveniently located near local shopping, schools, public transportation, and major Los Angeles thoroughfares. Please do not disturb the occupants.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1922
- Lot Size
- 4,880 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,344 | 2,187.451 |
| Lot Size | 4,880 | 5,841.385 |
| Price | $460.0K | $841.5K |
| Price per sq ft | $342 | $385 |
| Built year | 1922 | 1928 |
| HOA | $0 | $0 |
| Days on market | 30 | 85 |
Pricing History
Listed for Sale
Aug 10, 2026
$460,000
Initial Listing