2231 Eastlake, Los Angeles, California 90031, Los Angeles, 90031 - 0 bed, 0 bath
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2231 Eastlake
Los Angeles, California 90031
ACTIVE
CONDITION: POOR
0Beds
0Baths
3,807Sq Ft
9,903Lot Size
Property Price
LIST PRICE$1,250,888
EST. MARKET VALUE
$1,173,941
6% AboveMARKET VALUE
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $1,250,888—positioned above the $1,173,941 Fair Market Value. While the property requires significant capital improvements due to its Condition Rating of 5, the asset features a versatile unit mix, including a 3-bedroom front unit and two 2-bedroom units, all with individual utility metering. Located in a historically rich neighborhood near USC Medical Center, this property is a Buy-and-Hold Investor asset ideal for Value-Add Developers seeking to modernize a high-demand rental configuration.
Estimated Market Value
$1,173,941
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 |
|---|---|---|---|---|---|---|
★ 2231 Eastlake Subject 0 bd · 0 ba · 3,807 sqft · $308 | $1,250,888* List Price | 0 | 0 | 3,807 | $308 | - |
A 434 E Avenue 28 Active 0 bd · 0 ba · 4,307 sqft · $261 · 0.6 mi | $1,125,000 List Price | 0 | 0 | 4,307 | $261 | 0.6 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Built in 1908, this triplex shows significant signs of age with kitchens and bathrooms that are largely outdated, featuring 30-50+ year old cabinetry and tiling. Interior images reveal peeling plaster/drywall and worn flooring, while the exterior shows deferred maintenance. The lack of central HVAC and the overall condition of the units suggest the property requires a comprehensive rehab to meet modern safety and functional standards.
PROSSTRENGTHS & OPPORTUNITIES
- High-Demand Unit Mix
The property features a versatile triplex configuration including a large 3-bedroom front unit and two 2-bedroom units, all equipped with individual indoor laundry areas to maximize rental appeal.
- Strategic Urban Location
Situated in the historically rich Lincoln Heights area, the property boasts excellent proximity to Downtown Los Angeles, USC Medical Center, and major transportation hubs, ensuring consistently low vacancy rates.
- Favorable Utility Setup
All units are separately metered for gas and electricity, significantly reducing owner operating expenses and simplifying the management of tenant utilities.
CONSRISKS & DEFICIENCIES
- Limited Inspection Access
The 'drive-by only' restriction and requirement for offers to be made subject to interior inspection may complicate the initial due diligence process and deter some traditional buyers.
- Historic Maintenance Requirements
Built in 1908, the property’s age suggests a higher likelihood of deferred maintenance or the need for significant capital improvements to modernize systems and meet current building codes.
About 2231 Eastlake
TriPlex in most desirable area of Lincoln Heights, Front Unit is a two story, 3Bedrooms,Laundryroom,cellar,Den/Study,Living Room,Dinning Room.Kitchen. The other two units are 2 Bedrooms and One Bathroom, each unit has a Kitchen,Dinning and Living Rqooms with indoor Laundry Area. Currently all units are rented. Triplex located in culturally diverse,Historically rich neighborhood. Close to Los Angeles downtown. Close to Los Angeles County/USC Medical Center,close proximity to major Transportation including city center. All units are seperately metered for electric and gas. Drive by Only.Please do not disturb the TENANTS Make Offers subject to interior inspection. Make offers subject to inside inspection
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1908
- Lot Size
- 9,903 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 • 0.1 mi
4/10
Griffin Avenue Elementary School
Grades K-5 • 0.3 mi
4/10
Albion Street Elementary School
Grades K-6 • 0.7 mi
3/10
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 | 3,807 | 2,090.331 |
| Lot Size | 9,903 | 5,852.908 |
| Price | $1.25M | $830.9K |
| Price per sq ft | $329 | $394 |
| Built year | 1908 | 1928 |
| HOA | $0 | $0 |
| Days on market | 46 | 87 |
Pricing History
Listed for Sale
Sep 24, 2026
$1,250,888
Initial Listing