2215 Parkside Avenue, Los Angeles, California 90031, Los Angeles, 90031 - 4 bed, 3 bath
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Los Angeles, California 90031
This triplex presents a High-Potential Investment Opportunity with a List Price of $999,000—positioned well above the $854,360 Fair Market Value by -16%. Featuring LAR3 Zoning and an expansive 8,253 sq. ft. lot, this asset offers significant development upside. With a Condition Rating of 5, the property requires substantial capital investment to modernize its dated systems. Its proximity to Keck Hospital of USC and downtown ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Developers focused on long-term value-add strategies.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2215 Parkside Avenue Subject | $999,000* List Price | 4 | 3 | 2,250 | $380 | - |
A 2713 Manitou Avenue Sold | $718,000 | 0 | 0 | 2,152 | $334 | 0.8 mi |
B 1709 Sichel Street Sold | $1,000,000 | 0 | 0 | 2,664 | $375 | 0.9 mi |
C 2136 Keith Sold | $765,000 | 0 | 0 | 1,375 | $556 | 0.1 mi |
D 2229 Hancock Street Active | $785,000 List Price | 0 | 0 | 2,394 | $328 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1912, the property shows significant signs of age and deferred maintenance, including extensive cracking in the driveway and weathered exterior stucco/eaves. While one kitchen has received a mid-range update (approx. 10-15 years ago), other units feature severely dated cabinetry and fixtures (>30 years old). The 'sold in present condition' status and focus on land value/development potential indicate that major systems and structural elements likely require a full rehab.
The expansive 8,253 sq. ft. lot combined with LAR3 zoning offers significant upside for investors looking to explore high-density residential development or ADU additions.
Proximity to Downtown Los Angeles, Keck Hospital of USC, and major freeways ensures high rental demand and convenience for both commuters and medical professionals.
The property features three separate addresses with individual electrical meters and gated parking, providing a functional layout for immediate multi-family rental income.
Built in 1912 and sold in its present condition, the property likely requires significant capital investment for modernization and structural repairs.
With two units currently occupied, new owners may face limitations regarding immediate renovations, market-rate rent adjustments, or owner-occupancy due to local tenant protections.
Triplex Opportunity – LAR3 Zoned! Situated on an expansive 8,200+ sq. ft. lot in a well-established neighborhood, this income-producing property offers excellent potential for investors or owner-users. Conveniently located near Downtown Los Angeles, South Pasadena, East Los Angeles, Keck Hospital of USC, shopping, dining, and major freeways. The property consists of three separate addresses: 2215, 2217, and 2217 1/2. The front house features 4 bedrooms and 1.25 bathrooms with its own gated parking area. The rear portion of the property includes two tenant-occupied units, each offering 1 bedroom and 1 bathroom, separate parking areas, and individual electrical meters. LAR3 zoning may provide future development potential (buyer to verify). Buyer to independently verify all information, including zoning, permits, number of units, room counts, square footage, and development possibilities. Property is being sold in its present condition.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 5.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,250 | 2,250 |
| Lot Size | 8,253 | 5,864 |
| Price | $999.0K | $826.7K |
| Price per sq ft | $444 | $395 |
| Built year | 1912 | 1925 |
| HOA | $0 | $0 |
| Days on market | 0 | 83 |
Jun 8, 2026
$999,000
Initial Listing
Jun 9, 2022
$955,000
Public Record
Jun 2, 2005
$380,000
Public Record
Mar 4, 1999
$249,000
Public Record
Apr 23, 1998
$109,000
Public Record
Nov 13, 1997
$87,000
Public Record