723 58th, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Multi-Unit Residential Asset is listed at $799,000, representing a strategic play compared to the $572,650 Fair Market Value due to its unique three-unit conversion. Despite a Condition Rating of 5 and aging 1911 infrastructure, the property delivers exceptional Income Generation Potential with two 2-bedroom units and a studio. Located in a revitalization zone near USC and 2028 Olympics infrastructure, it offers significant long-term appreciation. This is a high-utility acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset housing costs through aggressive house-hacking.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 723 58th Subject | $789,000* List Price | 0 | 0 | 1,132 | $503 | - |
A 933 W 57th Sold | $585,000 | 3 | 2 | 1,152 | $508 | 0.2 mi |
B 1111 W 54th Sold | $640,000 | 3 | 1 | 1,188 | $539 | 0.5 mi |
C 840 W 53rd Street Sold | $635,000 | 3 | 2 | 1,189 | $534 | 0.3 mi |
D 430 W 58th Street Sold | $650,000 | 3 | 1 | 1,020 | $637 | 0.3 mi |
E 945 W 54th Street Active | $620,000 List Price | 2 | 1 | 1,219 | $509 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1911, the property is over 100 years old and the listing analysis explicitly notes aging infrastructure and the need for updates to century-old systems. The absence of interior photos typically indicates poor internal condition, and the conversion of a small 1,132 sqft footprint into three separate units suggests substandard layouts and significant wear on major systems.
The property is currently configured into three separate living units (two 2-bedroom units and a studio), offering high rental yield potential or the ability for an owner-occupant to significantly offset mortgage costs through house-hacking.
Situated in a major Los Angeles revitalization zone with significant infrastructure investment ahead of the 2028 Olympics, the property is well-positioned for long-term capital appreciation.
The divided layout provides private, separate living spaces for multiple families, making it an ideal and rare solution for multi-generational households seeking both proximity and privacy.
As a single-family residence converted into three units, there is a significant risk regarding the legality of the conversions, which may complicate traditional financing and lead to potential code enforcement issues.
Built in 1911, the property likely requires updates to century-old systems; furthermore, splitting only 1,132 square feet into three units results in very cramped living quarters that may limit tenant quality.
LIVE IN THIS PROPERTY FOR A VERY LOW MORTGAGE PAYMENT, CALL AGENT TO ASK HOW. Single family home that has been converted to three separate spaces. Showing as a 2 bed, a 2 bed, and a studio with strong rents. Perfect property for multi generational living! Home is divided for private living for multiple families . Conveniently located near schools, freeways, shopping and entertainment. Los Angeles continues to see major revitalization and long-term investment, with billions being poured into infrastructure, transportation, and development ahead of the 2028 Olympics. Do not disturb occupants, contact listing agent for showings. Buyer to do their due diligence. Do not disturb occupants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 9% |
| Baths | 0.0 | 2.0 | 9% |
| Square foot | 1,132 | 1,250.5 | 22% |
| Lot Size | 5,122 | 5,266 | 38% |
| Price | $789.0K | $652.5K | 78% |
| Price per sq ft | $697 | $488 | 94% |
| Built year | 1911 | 1911 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 100 | 181 | 28% |
Apr 9, 2026
$789,000
$799,000
-1% Price Drop
Initial Listing
Feb 25, 2026
$799,000
$850,000
-6% Price Drop
Initial Listing
Jan 12, 2026
$850,000
Initial Listing
Mar 11, 2025
$700,000
Public Record
Oct 1, 2024
$440,000
Public Record
Jan 30, 1995
$130,000
Public Record