238 W 58th, Los Angeles, California 90037, Los Angeles, 90037 - 5 bed, 3 bath
Loading property details...
Los Angeles, California 90037
This Renovated Multi-Unit Income Property is listed at $939,777, reflecting its premium Condition Rating of 2 and Strong In-Place Cash Flow of $5,550 monthly. While priced above the $871,236 Fair Market Value, the asset features a rare Two-Story Legal ADU and a main residence upgraded with a Modern Kitchen and Quartz Countertops. Located in a high-demand rental corridor within the Los Angeles Unified district, the property offers immediate stability and long-term appreciation. This is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey house-hack opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 238 W 58th Subject | $939,777* List Price | 5 | 3 | 2,216 | $393 | - |
A 211 W 52nd Street Sold | $750,000 | 0 | 0 | 2,390 | $314 | 0.4 mi |
B 323 W 47th Place Active | $814,999 List Price | 6 | 2 | 1,925 | $423 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1912, the property has undergone an extensive recent renovation that meets modern quality standards. The interior features a fully updated kitchen with contemporary grey shaker cabinets, quartz countertops, and a glass tile backsplash. Bathrooms have been modernized with stylish patterned and subway tiling. The home includes updated recessed lighting, consistent wood-look laminate flooring throughout, and a move-in-ready legal ADU, showing no signs of deferred maintenance.
The property generates a strong combined gross monthly income of approximately $5,550 from stable, long-term tenants paying market rents, ensuring immediate ROI for investors.
Features a rare two-story legal ADU with its own garage and separate entry, complemented by a driveway that accommodates up to four additional vehicles.
Both units were renovated in recent years and are in move-in-ready condition, offering a low-maintenance profile and reducing the need for immediate capital improvements.
Built in 1912, the property may possess aging core systems or structural elements typical of century-old homes that require more frequent maintenance than newer builds.
The property is fully occupied with a 'Do Not Disturb' policy, which may complicate the showing process and delay immediate possession for owner-user buyers.
MAJOR PRICE ADJUSTMENT! BEST DEAL IN THE AREA BY FAR! Two-Unit Income Property with Legal ADU | Strong In-Place Cash Flow + Upside Excellent opportunity to acquire a well-performing two-unit income property in a strong rental pocket of Los Angeles featuring stable long-term tenants, in-place market rents, and future upside potential. The property consists of: Main Residence: 4 Bedrooms | 2 Bathrooms Currently rented at approximately $3,300 per month Legal ADU (Two-Story with Garage & Separate Entry): 2 Bedrooms | 1 Bathroom Currently rented at approximately $2,250 per month Combined gross monthly income of approximately $5,550 per month ($66,600 annually) with tenants paying market rents and additional room for future rent growth. Both units were renovated in recent years and are in more than decent, move-in-ready condition, offering a low-maintenance investment profile with immediate cash flow. The property offers excellent functionality with a driveway accommodating up to four vehicles, plus a garage dedicated to the second unit, enhancing tenant convenience and desirability. Long-term tenants provide consistent income stability while preserving upside potential through future rent adjustments as permitted by local guidelines. This asset is ideal for investors seeking predictable income, long-term appreciation, and diversified unit mix, or owner-users looking to offset housing costs through rental income. Offered at $979,777 Appointment Only – Do Not Disturb Occupants A rare opportunity to secure a stabilized two-unit property with a legal ADU in a high-demand Los Angeles rental corridor.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 0.0 | 74% |
| Baths | 3.0 | 0.0 | 68% |
| Square foot | 2,216 | 2,012 | 63% |
| Lot Size | 4,842 | 5,377 | 26% |
| Price | $939.8K | $939.8K | 50% |
| Price per sq ft | $424 | $392 | 63% |
| Built year | 1912 | 1923 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 91 | 242 | 21% |
Mar 21, 2026
$939,777
$979,777
-4% Price Drop
Initial Listing
Jan 21, 2026
$979,777
Initial Listing
Sep 22, 2020
$725,000
Public Record
Dec 4, 2019
$375,000
Public Record