- ERA
- California
- Los Angeles
- 238 W 58th
238 W 58th, Los Angeles, CA 90037
Local realty services provided by:ERA Excel Realty
238 W 58th,Los Angeles, CA 90037
$979,777
- 6 Beds
- 4 Baths
- 2,216 sq. ft.
- Multi-family
- Active
Listed by: elgin walker
Office: exp realty of california inc
MLS#:SR26015536
Source:CRMLS
Price summary
- Price:$979,777
- Price per sq. ft.:$442.14
About this home
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.
Contact an agent
Home facts
- Year built:1912
- Listing ID #:SR26015536
- Added:8 day(s) ago
- Updated:January 29, 2026 at 06:18 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Living area:2,216 sq. ft.
Structure and exterior
- Year built:1912
- Building area:2,216 sq. ft.
- Lot area:0.11 Acres
Utilities
- Water:Public
Finances and disclosures
- Price:$979,777
- Price per sq. ft.:$442.14
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