231 Blackshear Avenue, Los Angeles, California 90022, Los Angeles, 90022 - bed, bath

231 Blackshear Avenue, Los Angeles, California 90022 home-pic-0
ACTIVE$1,198,000
231 Blackshear Avenue, Los Angeles, California 90022
0Bed
0Bath
2,271Sqft
5,188Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Development Potential: Approved plans for a 950 sqft ADU (2 bed, 2 bath, laundry) offer immediate value-add opportunity.
Top Cons:
Year Built: Built in 1948, the property may require updates to meet modern standards and preferences.

Compared to the nearby listings

Price:$1.20M vs avg $820.0K (+$378,000)94%
Size:2,271 sqft vs avg 1,994 sqft59%
Price/sqft:$528 vs avg $40888%

More Insights

Built in 1948 (77 years old).
Condition: The property was built in 1948 and appears to be a triplex with an approved plan for a fourth unit (ADU). The images show the exterior and some interior spaces. The interiors appear dated, suggesting that while the property has been maintained, it likely requires updates to the kitchens and bathrooms. Given the age and the likely need for updates, a 'fair' condition score is appropriate.
Year Built
1948
Close
-
List price
$1.2M
Original List price
$1.15M
Price/Sqft
$528
HOA
-
Days on market
-
Sold On
-
MLS number
PF25002201
Home ConditionFair
Features
View-

About this home

Tucked away on a peaceful corner in East Los Angeles, right where the city meets Montebello, sits an opportunity waiting to be seized. This three-unit property doesn't just offer a prime location—it opens the door to something bigger. Step outside, and you'll find yourself minutes from everything that matters. The Metro stop beckons to commuters, while nearby shops and schools make daily life a breeze. Dual street addresses and easy freeway access add layers of convenience that modern city dwellers crave. But here's where it gets interesting: that empty four-car garage isn't just storage space—it's your next investment. The City of Los Angeles has already approved plans for a fourth unit, an ADU spanning 950 square feet. Picture this: two bedrooms, two bathrooms, and a dedicated laundry area, all ready to transform from blueprint to reality. Smart investors take note—this isn't just a building, it's a foundation for growth.

Price History

Date
Event
Price
05/05/99
Sold
$233,000
07/25/22
Sold
$900,000
Condition Rating
Fair

The property was built in 1948 and appears to be a triplex with an approved plan for a fourth unit (ADU). The images show the exterior and some interior spaces. The interiors appear dated, suggesting that while the property has been maintained, it likely requires updates to the kitchens and bathrooms. Given the age and the likely need for updates, a 'fair' condition score is appropriate.
Pros & Cons

Pros

Development Potential: Approved plans for a 950 sqft ADU (2 bed, 2 bath, laundry) offer immediate value-add opportunity.
Prime Location: Located in East Los Angeles, near Montebello, with convenient access to the Metro, shops, schools, and freeways.
Income Property: The property is a triplex, providing immediate rental income potential.

Cons

Year Built: Built in 1948, the property may require updates to meet modern standards and preferences.
Garage Conversion Required: The ADU requires converting the existing four-car garage, incurring construction costs and potential delays.

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