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723 W 58th, Los Angeles, California 90037, Los Angeles, 90037 - 4 bed, 3 bath

723 W 58th, Los Angeles, California 90037 home-pic-0
ACTIVE$850,000
723 W 58th, Los Angeles, California 90037
4Beds
3Baths
1,132Sqft
5,122Lot
Year Built
1911
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$751
HOA
-
Days on market
-
Sold On
-
MLS number
SB25277582
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 29% below the list price. We found 5 Cons,5 Pros. Rank: price - $850.0K(85th), sqft - 1132(21th), beds - 4(64th), baths - 3(91th).

Single family home that has been converted to three separate spaces. 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. As a global hub for entertainment, tech, culture, and international tourism—with limited housing supply—owning real estate in LA remains a proven strategy for appreciation, demand, and long-term wealth. Do not disturb occupants, contact listing agent for showings.

Price History

Date
Event
Price
12/17/25
Listing
$850,000
03/11/25
Sold
$700,000
10/01/24
Sold
$440,000
01/30/95
Sold
$130,000
Condition Rating
Poor
Built in 1911, this property is over a century old. The MLS analysis explicitly states it is 'likely requiring substantial updates to major systems (plumbing, electrical, HVAC) and general maintenance to meet modern standards.' While the exterior shows some newer windows, the overall impression from the single image, combined with the unkempt yard and the presence of a blue tarp structure, suggests deferred maintenance. Crucially, there are no interior images, especially of the kitchen and bathrooms, which are key assessment areas. Given the property's age and the stated need for substantial system updates, it falls into the 'poor' category, indicating it requires significant repairs and rehabilitation to meet modern living standards and comfort.
Pros & Cons

Pros

Income-Generating Potential: The property has been converted into three separate spaces, offering significant potential for rental income or multi-generational living arrangements.
Strategic Location: Conveniently located near schools, freeways, shopping, and entertainment, providing excellent accessibility and amenities in a desirable Los Angeles area.
Strong Market Appreciation: Situated in Los Angeles, a market experiencing major revitalization, long-term investment, and limited housing supply, indicating strong potential for appreciation and demand.
Generous Lot Size: The 5,122 sqft lot provides ample outdoor space or potential for future expansion, which is a valuable asset in a dense urban environment.
Functional Room Count: With 4 bedrooms and 3 bathrooms, the property offers a good number of rooms, enhancing its versatility, especially given its multi-unit conversion.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Recently Sold Property: The property was recently sold within the past year on 2025-03-11. The sold price is $700,000.00.
Advanced Age of Property: Built in 1911, the property is over a century old, likely requiring substantial updates to major systems (plumbing, electrical, HVAC) and general maintenance to meet modern standards.
Compact Living Space: At 1,132 sqft divided into three separate units, individual living areas are likely very small, which could limit comfort and appeal for potential tenants or occupants.
Occupancy & Showing Restrictions: The instruction 'Do not disturb occupants' suggests potential difficulties for showings, inspections, and implies the property may not be delivered vacant, complicating the transaction process.

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