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623 W 58Th St, Los Angeles, CA 90037
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623 W 58Th St Los Angeles, CA 90037

$700,000
  • 4 Beds
  • 4 Baths
  • 2,400 Sq.Ft.
For Sale
$700,000 Get Pre-Qualified
Map preview of 623 W 58Th St, Los Angeles, CA 90037

Property Overview: 623 W 58Th St Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,400 living square feet and 4,475 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcoming all investors. This quadruplex is the perfect unit for your portfolio. Just minutes from the Highway this multi-family unit sits on a considerably well maintained block. Each unit is a 1/1 bath at approximately 600 sqft per unit. all units are currently renting out on month-to-month leases. The unit has a Separate 4 car garage that may permit an additional dwelling unit being built on top of the garage. Zoned LAR2. This unit is priced to sell.

Listed by Anthony Johnson | BRE #02093356 | REALTY MASTERS & ASSOCIATES
Last checked: 5 minutes ago | Last updated: April 17th, 2024 | Source CRMLS | DOM: 54
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Home details

Lot Sq. Ft
4,475
HOA Dues
$0/mo
Year built
1922
Garage
4 Car
Property Type:
Mixed Use
Status
Active
MLS#
CV24040266
City
Los Angeles
County
Los Angeles
Time on Site
57 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $500
  • Total Rent: $500
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $500
  • Total Rent: $500
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $500
  • Total Rent: $500
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $3,000
  • Net Operating Income: $500
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $500
  • Trash: $100
  • Insurance: $400

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Property Details for 623 W 58Th St

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • See Remarks
Interior Features
  • Security Features: 24 Hour Security
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: Condominium
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5001018022
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Sluason and 58th St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 623 W 58Th St

Last sold for $575,000 on August 6th, 2020

  • March, 2024

  • Mar 1, 2024

    Date

    Active

    CRMLS: CV24040266

    $839,000

    Price

  • August, 2020

  • Aug 10, 2020

    Date

    Sold

    CRMLS: 20563264

    $575,000

    Price

  • Jul 10, 2020

    Date

    Pending

    CRMLS: 20563264

    $575,000

    Price

  • Jun 26, 2020

    Date

    Active

    CRMLS: 20563264

    $575,000

    Price

  • Jun 22, 2020

    Date

    Withdrawn

    CRMLS: 20563264

    $575,000

    Price

  • May 23, 2020

    Date

    Active

    CRMLS: 20563264

    $575,000

    Price

  • May 19, 2020

    Date

    Active Under Contract

    CRMLS: 20563264

    $575,000

    Price

  • May 1, 2020

    Date

    Price Change

    CRMLS: 20563264

    $575,000

    Price

  • Apr 29, 2020

    Date

    Price Change

    CRMLS: 20563264

    $597,000

    Price

  • Mar 11, 2020

    Date

    Active

    CRMLS: 20563264

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    Global Platinum Properties is proud to present this income-property investment. The said property consists of a 2,400 SF, 4-Unit residential dwelling that sits on a 4,478 SF, R-2, TOC (Tier 2) lot. All 4 units are individually metered for gas and power. (**1 Unit VACANT**). There is a detached garage with 4X 1-car garages. The said property is in the heart of the thriving Slauson-Vermont neighborhood in the HOT 90037 zip code. Just South of Exposition Park, USC and the Coliseum). This neighborhood in the center of many existing and proposed Metro transit projects. There are planned regional connectors along both, Slauson and Vermont Blvd. 58th St is perched just North of the Harbor Subdivision Transit Corridor. This area is master-planned for Stations that will connect to Downtown Los Angeles, Long Beach, San Pedro, and LAX. Just West of the freeway and minutes to Downtown Los Angeles. This property is a great addition to any portfolio with a promising upside in development.

  • August, 2020

  • Aug 4, 2020

    Date

    Sold (Public Records)

    Public Records

    $575,000

    Price

  • February, 2019

  • Feb 1, 2019

    Date

    Expired

    CRMLS: MB18254855

    $625,000

    Price

  • Jan 14, 2019

    Date

    Withdrawn

    CRMLS: MB18254855

    $625,000

    Price

  • Oct 23, 2018

    Date

    Active

    CRMLS: MB18254855

    $625,000

    Price

  • Listing provided courtesy of CRMLS

    Global Platinum Properties is proud to present this income-property investment. The said property consists of a 2,400 SF, 4-Unit residential dwelling that sits on a 4,478 SF, R-2, TOC (Tier 2) lot. All 4 units are individually metered for gas and power. There is a detached garage with 4X 1-car garages. The said property is in the heart of the thriving Slauson-Vermont neighborhood in the HOT 90037 zip code. Just South of Exposition Park, USC and the Coliseum). This neighborhood in the center of many existing and proposed Metro transit projects. There are planned regional connectors along both, Slauson and Vermont Blvd. 58th St is perched just North of the Harbor Subdivision Transit Corridor. This area is master-planned for Stations that will connect to Downtown Los Angeles, Long Beach, San Pedro, and LAX. Just West of the freeway and minutes to Downtown Los Angeles. This property is a great addition to any portfolio with a promising upside in development.

  • February, 2016

  • Feb 5, 2016

    Date

    Sold (Public Records)

    Public Records

    $345,000

    Price

  • January, 2016

  • Jan 8, 2016

    Date

    Price Change

    CRMLS: 16970147

    $325,000

    Price

  • Listing provided courtesy of CRMLS

    2- Story Four plex with great rent potential. All units have living rooms, kitchens with breakfast nooks and service porches with washer/dryer hook-ups. There is a newly constructed four car garage in the rear with additional parking in front each garage. All units are currently occupied by long term tenants under rent control. Owner also owns the property next door that shares the driveway. It is for sale as well and seller will consider selling both parcels as a package deal. Offers are subject to inspection. Please DO NOT DISTRUB the tenants. No for sale sign on property.

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Tax History for 623 W 58Th St

Assessed Value (2020): $297,666
Year Land Value Improved Value Assessed Value
2020 $216,485 $81,181 $297,666

Home Value Compared to the Market

This property vs the competition

623 W 58Th St is listed 43.96% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $291.67 per/sqft which puts the price per square foot 62.22% lower than the median price per square foot for the city of Los Angeles.

About 623 W 58Th St

Detailed summary of property

623 W 58Th St is a mixed use located in Los Angeles, CA 90037 and is currently for sale. This mixed use property offers 4 bedrooms, 4 bathrooms, roughly 2,400 living square feet, and sits on an approximately 4,475 square foot lot. 623 W 58Th St was first listed on ArdentRealEstateGroup.com on March 1, 2024. The homeowner is currently asking $700,000 and was originally asking $839,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 43.96% lower than the median priced home. Local competing homes currently for sale include 300 S Pecan St, 3306 E 8th St and 5718 E Beverly Blvd. While the average home in Los Angeles, CA is selling in 97 days, 623 W 58Th St has a days on market of 54 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 623 W 58Th St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 623 W 58Th St

Public county record property details
Beds
4
Baths
2
Year built
1922
Sq. Ft.
2,400
Lot Size
4,475
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5001-018-022

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$562
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$472
Total Inventory
33
Median Sale to List Price %
101.93%
Avg Days on Market
35
Loan Type
Conventional (50%), FHA (25%), VA (0%), Cash (25%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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