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

231 Blackshear Avenue
Los Angeles, California 90022
Property Price
SUMMARY
Analysis of 231 Blackshear Avenue, Los Angeles, California 90022 is currently available with a list price of $975,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1948, this property is over 70 years old. The listing explicitly states that the 'existing triplex units may require substantial updates to systems, finishes, and overall aesthetics.' While exterior images show a functional structure, the lack of interior photos combined with the age and the need for 'substantial updates' indicates that the existing units are likely very outdated and require significant rehabilitation, aligning with the 'poor' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Value-Add Opportunity
City-approved plans for a 950 sqft, 2-bed, 2-bath ADU in the existing 4-car garage present a clear path to significantly increase the property's income potential and overall value.
- Established Income Property
The property is already a three-unit residential income property (triplex), providing immediate rental income and a foundation for further investment growth.
- Prime Location & Accessibility
Strategically located in East Los Angeles near Montebello, offering excellent access to Metro stops, shops, schools, and major freeways, enhancing tenant desirability and convenience.
CONSRISKS & DEFICIENCIES
- Age of Property & Potential Renovation Needs
Built in 1948, the existing triplex units may require substantial updates to systems, finishes, and overall aesthetics to optimize rental income and attract premium tenants.
- Additional Investment for ADU Construction
While ADU plans are approved, the actual construction of the fourth unit will require a significant additional capital investment and time commitment from the buyer, which is not included in the purchase price.
- Limited Information on Existing Units
The property description lacks specific details regarding the current condition, rental income, or tenant status of the existing three units, making it challenging for investors to fully assess immediate cash flow and potential capital expenditures.
About 231 Blackshear Avenue
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1948
- Lot Size
- 5,188 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,271 | 1,977 | 70% |
| Lot Size | 5,188 | 6,351 | 20% |
| Price | $975.0K | $799.5K | 85% |
| Price per sq ft | $429 | $397 | 55% |
| Built year | 1948 | 1928 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 59 | 219 | 5% |
Pricing History
Listed for Sale
Jan 6, 2026
$975,000
Initial Listing
Sold
Jul 25, 2022
$900,000
Public Record
Sold
May 5, 1999
$233,000
Public Record






















