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238 58th W Los Angeles CA 90037
Price $ 979,777
Listing ID SR26015536
Status Active
Property Type Duplex
County Los Angeles
Beds 6
Baths 4
House Size 2216
Year Built 1912
Days on website 10
Description
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.
Location
Financial Information
List Price: $ 979777
Property Features
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
Listed By:   Elgin Walker   eXp Realty of California Inc 
CA Lic#
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