723 58th, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$850,000$1,132/sqft
Est. Value: $689,765
-18%
AboveEstimate
723 58th, Los Angeles, California 90037
0Bed
0Bath
1,132Sqft
5,122Lot
Price Vs. Estimate
The estimated value ($689,765.475) is $160,234.525 (18%) lower than the list price ($850,000). This property may be overpriced.
Key pros and cons
Top Pros:
Strong Income Potential: Converted into three separate units (2-bed, 2-bed, studio) with 'strong rents,' offering significant cash flow for investors or owner-occupants.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-03-11. The sold price is $700,000.00.
Compared to the nearby listings
Price:$850.0K vs avg $650.0K (+$200,000)85%
Size:1,132 sqft vs avg 1,422 sqft24%
Price/sqft:$751 vs avg $46497%
More Insights
Built in 1911 (115 years old).
Condition: Built in 1911, this property is over a century old. While it has been converted into three separate units, there are no interior images to assess the condition of kitchens, bathrooms, or other critical systems. The property analysis explicitly notes it is 'likely requiring substantial updates to systems, infrastructure, and aesthetics.' The exterior shows signs of age and some neglect, with an unkempt yard and clutter. The lack of interior access combined with the age and the 'buyer to do their due diligence' clause strongly suggests that the property requires substantial repairs and rehabilitation, particularly for major components and interior finishes like kitchens and bathrooms, which are almost certainly outdated.
Year Built
1911
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$751
HOA
-
Days on market
-
Sold On
-
MLS number
SB26007744
Home ConditionPoor
Features
View-
About this home
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.
E
Erick Claudio
Listing Agent
Price History
Date
Event
Price
01/30/95
Sold
$130,000
03/11/25
Sold
$700,000
10/01/24
Sold
$440,000
Condition Rating
Poor
Built in 1911, this property is over a century old. While it has been converted into three separate units, there are no interior images to assess the condition of kitchens, bathrooms, or other critical systems. The property analysis explicitly notes it is 'likely requiring substantial updates to systems, infrastructure, and aesthetics.' The exterior shows signs of age and some neglect, with an unkempt yard and clutter. The lack of interior access combined with the age and the 'buyer to do their due diligence' clause strongly suggests that the property requires substantial repairs and rehabilitation, particularly for major components and interior finishes like kitchens and bathrooms, which are almost certainly outdated.
Pros & Cons
Pros
Strong Income Potential: Converted into three separate units (2-bed, 2-bed, studio) with 'strong rents,' offering significant cash flow for investors or owner-occupants.
Ideal for Multi-Generational Living: Explicitly designed and marketed for multi-generational families, providing private living spaces within one property.
Strategic Los Angeles Location: Conveniently located near essential amenities like schools, freeways, shopping, and entertainment in a high-demand urban market.
Future Market Growth & Appreciation: Positioned in an area benefiting from major revitalization and long-term investment ahead of the 2028 Olympics, suggesting strong potential for value appreciation.
Versatile Investment Opportunity: Appeals to a broad range of buyers, from investors seeking rental income to families desiring co-living arrangements.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-03-11. The sold price is $700,000.00.
Historic Property Age: Built in 1911, the property is over a century old, likely requiring substantial updates to systems, infrastructure, and aesthetics, leading to potential capital expenditures.
Occupancy & Showing Limitations: The presence of occupants and the 'Do not disturb' instruction create challenges for property showings and thorough buyer inspections, potentially impacting marketability and sale timeline.
Due Diligence & Conversion Risks: The conversion of a single-family home into three units, combined with the explicit 'Buyer to do their due diligence' clause, suggests potential complexities regarding permits, code compliance, or the condition of the converted spaces.