2215 Parkside, Los Angeles, California 90031, Los Angeles, 90031 - 0 bed, 0 bath
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2215 Parkside
Los Angeles, California 90031
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,250Sq Ft
8,253Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$724,238
17% AboveMARKET VALUE
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $850,000—positioned well above the $796,034 Fair Market Value by -6%. Featuring LAR3 Zoning and an expansive 8,253 sq. ft. lot, this asset offers significant density and redevelopment potential. While the property carries a Condition Rating of 5, the triplex configuration with individual meters provides a clear path for value-add repositioning. This is a strategic acquisition ideal for Buy-and-Hold Investors or Developers seeking long-term appreciation in a high-demand Los Angeles corridor.
Estimated Market Value
$724,238
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2215 Parkside Subject 0 bd · 0 ba · 2,250 sqft · $322 | $850,000* List Price | 0 | 0 | 2,250 | $322 | - |
A 2229 Hancock Street Sold 0 bd · 0 ba · 2,394 sqft · $316 · 0.5 mi | $757,000 | 0 | 0 | 2,394 | $316 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1912, this century-old triplex is explicitly listed as needing repair and repositioning. Interior images show visible wall cracks and a lack of central HVAC (relying on portable units), while the exterior shows a crumbling retaining wall and deferred maintenance. The property requires a significant rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The expansive 8,200+ sq. ft. lot paired with LAR3 zoning offers significant density opportunities, allowing for potential expansion or a larger multi-unit redevelopment in a high-demand area.
- Strategic Location
Ideally situated minutes from Downtown LA and USC Medical Center with immediate access to five major freeways, ensuring high rental demand and long-term appreciation potential.
- Value-Add Configuration
The triplex layout features individual electrical meters and gated parking for all units, providing a solid foundation for a renovation-led increase in rental income and market value.
CONSRISKS & DEFICIENCIES
- Significant Repair Needs
All units are in need of repair and the property is sold in 'as-is' condition, requiring substantial upfront capital investment for renovation and repositioning.
- Vintage Infrastructure Risks
Built in 1912, the property may harbor hidden costs related to aging systems and structural integrity, which are not covered by any seller warranties or representations.
About 2215 Parkside
Price Reduced! Motivated Seller — all offers encouraged. This triplex sits on an 8,200+ sq. ft. LAR3-zoned lot, offering multiple exit strategies for investors, developers, and value-add buyers. Located minutes from Downtown Los Angeles, East LA, USC Medical Center, I-10, I-5, Harbor 110, Glendale Hwy 2 and Pomona Hwy 60 freeways. Property includes three addresses: 2215, 2217, and 2217½. The front residence is a 3-bedroom unit with gated parking. The rear features two additional 2-bedroom, 1-bath units, each with separate parking and individual electrical meters. All units are in need of repair, presenting a strong upside for renovation, repositioning, or redevelopment. LAR3 zoning may allow for future expansion or a larger multi-unit build—ideal for investors seeking density and long-term appreciation. Property is sold AS IS, with no warranties or representations. Buyer to independently verify all aspects of the property, including zoning, permits, use, square footage, occupancy, and development potential. Seller currently in default. Excellent short-sale opportunity for the serious investor. No reasonable offer will be turned away.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1912
- Lot Size
- 8,253 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Gates Street Elementary School
Grades K-5 • 0.3 mi
4/10
Multnomah Street Elementary School
Grades K-5 • 0.5 mi
6/10
Griffin Avenue Elementary School
Grades K-5 • 0.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,250 | 2,090.331 |
| Lot Size | 8,253 | 5,852.908 |
| Price | $850.0K | $830.9K |
| Price per sq ft | $378 | $394 |
| Built year | 1912 | 1928 |
| HOA | $0 | $0 |
| Days on market | 40 | 87 |
Pricing History
Listed for Sale
Sep 30, 2026
$850,000
Initial Listing
Sold
Jun 9, 2022
$955,000
Public Record
Sold
Jun 2, 2005
$380,000
Public Record
Sold
Mar 4, 1999
$249,000
Public Record
Sold
Apr 23, 1998
$109,000
Public Record
Sold
Nov 13, 1997
$87,000
Public Record