Listing Agent: Elgin Walker Broker/Office: eXp Realty of California Inc
238 58th W Los Angeles CA 90037
Listing ID
#SR26015536
Status
Active
Property Type
Duplex
County
Los Angeles
Year Built
1912
Days on website
16
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.
Community Features:
Curbs, Sidewalks
High School District:
Los Angeles Unified
Levels:
Two
Lot Features:
Yard
Senior Community YN:
false
Sewer:
Unknown
Structure Type:
Duplex
Water Source:
Public
High School District:
Los Angeles Unified
MLS Area Major:
699 - Not Defined
City:
Los Angeles
Senior Community YN:
false
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Direct link:
http://www.searchproperties.sdvalues.com/listings/direct/49aa7cf295b9dd4fb4b65da6c7595b4e
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Listed By:
Elgin Walker
eXp Realty of California Inc
CA Lic#
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