231 S Avenue 58, Los Angeles, California 90042, Los Angeles, 90042 - 3 bed, 3 bath
231 S Avenue 58
Los Angeles, California 90042
Property Price
SUMMARY
Analysis of 231 S Avenue 58, Los Angeles, California 90042 reveals a Fairly Priced Property with a current list price of $810,000 aligned with the estimated $803,863 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 231 S Avenue 58 Subject | $810,000* List Price | 3 | 3 | 1,088 | $739 | - |
A 5024 Shipley Glen Drive Sold | $875,000 | 2 | 2 | 1,103 | $793 | 0.9 mi |
B 5345 Monterey Road Sold | $950,000 | 2 | 2 | 1,004 | $946 | 0.6 mi |
C 5830 Fayette Sold | $997,000 | 3 | 2 | 1,488 | $670 | 0.8 mi |
D 6117 York Boulevard Sold | $855,000 | 2 | 1 | 1,237 | $691 | 0.7 mi |
E 5841 Arroyo Drive Active | $888,000 List Price | 3 | 3 | 1,260 | $705 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite its 1925 construction, the property is move-in ready and has been significantly updated. The kitchen features modern cabinetry and stainless steel appliances, while the bathrooms have been modernized with updated vanities and tiling. The flooring appears to be well-maintained hardwood or laminate, and the overall interior presentation—aided by virtual staging—shows a home that has been well-kept with major systems appearing functional and updated within the last 5 to 15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Compound Potential
The property features a versatile layout including a 2-bedroom main house plus a detached 1-bedroom unit, offering excellent opportunities for rental income or multi-generational living.
- Prime Highland Park Location
Situated in a highly desirable and walkable neighborhood near trendy restaurants and boutiques, this home offers strong long-term appreciation potential in a culturally rich area.
- Expansive Lush Lot
The 6,301 sqft lot is improved with mature fruit trees, native landscaping, and a vegetable garden, providing a rare and private outdoor oasis in an urban setting.
CONSRISKS & DEFICIENCIES
- Probate Sale Complexity
The sale requires court confirmation, which typically involves a more complex, lengthy closing process and the potential for an overbid situation at the hearing.
- HPOZ Regulatory Restrictions
Being located within a Historic Preservation Overlay Zone (HPOZ) means any exterior renovations are subject to strict guidelines, which can increase costs and limit architectural flexibility.
About 231 S Avenue 58
Discover the potential of 231 South Avenue 58, a unique offering located in Highland Park's Historic Preservation Overlay Zone (HPOZ). This versatile compound includes a 2 bed / 2 bath main house, a detached 2-car garage with a rear 1 bed / 1 bath unit, and an additional storage structure. Inside the main residence, you'll find a bright living room, dining room, and a fully equipped kitchen with ample cabinetry, along with two comfortable bedrooms each featuring their own ensuite bath. The lush front yard offers fruit trees, native landscaping, and a thriving vegetable garden, along with ample driveway parking. Just moments from Highland Park's popular restaurants, coffee shops, and boutiques, this home offers a rare opportunity in a vibrant and culturally rich neighborhood. This is a probate sale requiring court confirmation. Court confirmation hearing scheduled for 3/19/2026 at 8:30am. Superior Court of California, County of Los Angeles, located at 111 N. Hill Street (Please note some photos are virtually staged).
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 6,301 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 1,088 | 1,350 | 27% |
| Lot Size | 6,301 | 5,401 | 63% |
| Price | $810.0K | $1.20M | 15% |
| Price per sq ft | $744 | $882 | 31% |
| Built year | 1925 | 1925 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 256 | 176 | 91% |
Pricing History
Listed for Sale
Dec 10, 2025
$810,000
$899,000
-10% Price Drop
Initial Listing
Price Change
Jun 23, 2025
$899,000
Initial Listing