1930 Blake, Los Angeles, California 90039, Los Angeles, 90039 - 4 bed, 3 bath
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1930 Blake
Los Angeles, California 90039
ACTIVE
CONDITION: TEAR DOWN
4Beds
3Baths
1,368Sq Ft
6,106Lot Size
Property Price
LIST PRICE$859,900
EST. MARKET VALUE
$1,092,444
8% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $999,000—positioned well below the $1,092,444 Fair Market Value by 8%. This valuation gap offers $93,444 in Instant Equity for buyers capable of managing a Condition Rating of 6. Featuring three units on a 6,106 sqft lot in the vibrant Frogtown district, this Development Asset requires cash-only acquisition. It is an ideal project for Buy-and-Hold Investors or Contractors seeking to re-envision this prime Los Angeles site.
Estimated Market Value
$1,092,444+$232,544 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1920 and held by the same owner for 80 years, this property is marketed as 'Cash Only' and will not qualify for financing, indicating severe structural or systemic deficiencies. The listing emphasizes the lot's potential for re-envisioning rather than the existing structures, which lack any evidence of modern updates to kitchens, baths, or HVAC systems.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Frogtown Location
Situated in the highly desirable Elysian Valley community, the property offers immediate access to the LA River bike path, trendy cafes, and Dodger Stadium.
- Development Potential
With three existing units on a 6,106 sqft lot, this property presents a significant 're-envisioning' opportunity for investors looking to capitalize on the area's growth.
- Rare Market Opportunity
Offered for the first time in 80 years, this long-held asset provides a unique chance to acquire a property with substantial upside in a competitive submarket.
CONSRISKS & DEFICIENCIES
- Financing Restrictions
The property does not qualify for traditional financing and requires cash offers only, significantly limiting the potential buyer pool.
- Distressed Condition
Built in 1920 and sold as a redevelopment opportunity, the structures likely require extensive capital expenditure or a complete rebuild to be habitable or profitable.
About 1930 Blake
First time on the market in about 80 years! Situated in the vibrant community of Elysian Valley, also known as "Frogtown." Adjacent to local parks, trendy cafes, the LA River bike path, and Dodger Stadium. This property is a perfect blend of urban living and outdoor lifestyle. Property will not qualify for financing, Cash Offers only! Property currently has three units, (1) 1930 Blake, (2) 2732 Queen, and (3) 2736 Queen. Great opportunity to re-invison this lot as many have done in the community. Don’t miss out on this prime Los Angeles property!
Property Details
Public Facts
- Property Type
- Single Family Residence
- 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
8/10
Glassell Park Elementary School
Grades K-6 • 0.5 mi
4/10
Dorris Place Elementary School
Grades K-6 • 0.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,368 | 1,675.469 |
| Lot Size | 6,106 | 6,126.393 |
| Price | $859.9K | $1.34M |
| Price per sq ft | $629 | $800 |
| Built year | 1920 | 1941 |
| HOA | $0 | $262 |
| Days on market | 8 | 56 |
Pricing History
Listed for Sale
Oct 22, 2026
$859,900
$999,000
-14% Price Drop
Initial Listing
Price Change
Oct 16, 2026
$999,000
Initial Listing