238 W 58th, Los Angeles, CA 90037

MAJOR PRICE ADJUSTMENT! BEST DEAL IN THE AREA BY FAR!

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.