2215 Parkside Avenue, Los Angeles, California 90031, Los Angeles, 90031 - 4 bed, 4 bath
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2215 Parkside Avenue
Los Angeles, California 90031
ACTIVE
CONDITION: POOR
4Beds
4Baths
2,250Sq Ft
8,253Lot Size
Property Price
LIST PRICE$920,000
EST. MARKET VALUE
$818,948
12% AboveMARKET VALUE
SUMMARY
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.
Estimated Market Value
$818,948
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 Avenue Subject | $920,000* List Price | 4 | 4 | 2,250 | $364 | - |
A 2713 Manitou Avenue Sold | $718,000 | 0 | 0 | 2,152 | $334 | 0.8 mi |
B 2229 Hancock Street Active | $775,000 List Price | 0 | 0 | 2,394 | $324 | 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.
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.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
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.
- Strategic Location
Proximity to Downtown Los Angeles, Keck Hospital of USC, and major freeways ensures high rental demand and convenience for both commuters and medical professionals.
- Income-Ready Configuration
The property features three separate addresses with individual electrical meters and gated parking, providing a functional layout for immediate multi-family rental income.
CONSRISKS & DEFICIENCIES
- As-Is Condition
Built in 1912 and sold in its present condition, the property likely requires significant capital investment for modernization and structural repairs.
- Tenant-Occupied Constraints
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.
About 2215 Parkside Avenue
Price Reduced! Excellent investment opportunity featuring a triplex on an approximately 8,200+ sq. ft. LAR3-zoned lot. Conveniently located near Downtown Los Angeles, South Pasadena, East Los Angeles, Keck Hospital of USC, shopping, dining, and major freeways. The property includes three addresses: 2215, 2217, and 2217½. The front residence offers 4 bedrooms and 1.25 bathrooms with gated parking. The rear consists of two units, each a 2-bedroom, 1-bathroom unit, with separate parking and individual electrical meters. LAR3 zoning may offer future development potential. Buyer is advised to independently verify all information, including but not limited to zoning, permits, use, unit count, room count, square footage, occupancy, development potential, and all other aspects of the property. Property is sold AS IS, with no representations or warranties, express or implied.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1912
- Lot Size
- 8,253 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
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 | 4.0 | 4.6 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,250 | 2,187.451 |
| Lot Size | 8,253 | 5,841.385 |
| Price | $920.0K | $841.5K |
| Price per sq ft | $409 | $385 |
| Built year | 1912 | 1928 |
| HOA | $0 | $0 |
| Days on market | 93 | 85 |
Pricing History
Listed for Sale
Jul 22, 2026
$920,000
$999,000
-8% Price Drop
Initial Listing
Price Change
Jun 8, 2026
$999,000
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