1930 Blake Avenue, Los Angeles, California 90039, Los Angeles, 90039 - 4 bed, 3 bath
1930 Blake Avenue
Los Angeles, California 90039
Property Price
SUMMARY
Analysis of 1930 Blake Avenue, Los Angeles, California 90039 is currently available with a list price of $1,050,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1920 and on the market for the first time in about 80 years, this property shows clear signs of severe age and neglect. The exterior images reveal faded paint, overgrown vegetation, and general disrepair. One image depicts a severely dilapidated structure, indicating significant defects and potential safety concerns. Without interior photos, it's highly probable that the kitchens, bathrooms, and other interior components are original or very outdated, requiring substantial repairs and rehabilitation to meet modern standards and ensure habitability.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Triplex
The property features three distinct units on one lot, categorized as 'Residential Income,' providing immediate rental income potential for investors.
- Prime Elysian Valley Location
Situated in the vibrant 'Frogtown' community, the property boasts an excellent location across from local parks, trendy cafes, the LA River bike path, and is adjacent to Dodger Stadium, offering a highly desirable urban and outdoor lifestyle.
- Significant Development Potential
The availability of multiple adjacent lots for purchase (as indicated in the MLS) presents a unique opportunity for a larger development project or portfolio expansion.
CONSRISKS & DEFICIENCIES
- Advanced Age of Construction
Built in 1920, the property is over a century old, which likely implies the need for significant updates to plumbing, electrical, and other core systems, potentially incurring substantial renovation costs.
- Limited Unit Square Footage
With a total of 1368 sqft distributed across three units (2+1, 1+1, 1+1), the individual unit sizes are relatively small, which could limit rental income potential or appeal to certain tenant demographics.
- Lack of Desirable Views
The property explicitly states 'view: None,' which can be a drawback in the Los Angeles market where scenic views often command a premium and enhance property value.
About 1930 Blake Avenue
First time on the market in about 80 years! 3 units on one lot. 1930 Blake is 2+1, 2736 Queen 1+1, and 2738 Queen 1+1. Situated in the vibrant community of Elysian Valley, also known as "Frogtown." Across the street from local parks, trendy cafes, the LA River bike path, and Dodger Stadium adjacent, this property is a perfect blend of urban living and outdoor lifestyle. Don’t miss out on this prime Los Angeles property! The following lots are available for purchase and in the MLS: 1) 5442-011-030 -2724 Queen St 2) 5442-011-031- 2728 Queen St 3) 5442-011-032 – 1930 Blake Ave 4) 5442-011-009 – 2723 Pirtle St 5) 5442-013-002 – 2746 Benedict St
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1920
- Lot Size
- 6,106 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Allesandro Elementary School
Grades K-6 • 0.4 mi
Glassell Park Elementary School
Grades K-6 • 0.5 mi
Dorris Place Elementary School
Grades K-6 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,368 | 1,950 | 29% |
| Lot Size | 6,106 | 6,106 | 50% |
| Price | $1.05M | $1.05M | 50% |
| Price per sq ft | $768 | $507 | 86% |
| Built year | 1920 | 1933 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 545 | 290 | 0% |
Pricing History
Listed for Sale
Sep 7, 2024
$1,050,000
Initial Listing