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

231 Blackshear Avenue, Los Angeles, California 90022 home-pic-0

231 Blackshear Avenue

Los Angeles, California 90022

ACTIVE
CONDITION: POOR
0Beds
0Baths
2,271Sq Ft
5,188Lot Size

Property Price

LIST PRICE$975,000

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

Poor
TeardownExcellent

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photos combined with the age and the need for 'substantial updates' indicates that the existing units are likely very outdated and require significant rehabilitation, aligning with the 'poor' condition criteria.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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot2,2711,977
70%
Lot Size5,1886,351
20%
Price$975.0K$799.5K
85%
Price per sq ft$429$397
55%
Built year19481928
65%
HOA$0$0
50%
Days on market59219
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

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