293 Blackshear Avenue, Los Angeles, California 90022, East Los Angeles, 90022 - 2 bed, 2 bath
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Los Angeles, California 90022
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well below the $646,814 Fair Market Value by 14%. This valuation gap offers $96,814 in Instant Equity for buyers. Featuring a 2-bedroom plus den layout and an enclosed patio, the home has a Condition Rating of 4, indicating a need for modernization. Given the non-vacant occupancy status, this is a strategic acquisition ideal for Buy-and-Hold Investors or experienced renovators seeking to build long-term equity.
Property is moderate renovation needed.
Built in 1947 with renovations to the kitchen and bathrooms that appear to be 20+ years old. While functional, the home features dated finishes, older wall heating units, and visible deferred maintenance on the exterior garage door and landscaping, indicating a need for modernization and minor repairs.
Priced strategically below market value at $550,000, this property offers a rare high-value entry point for investors or buyers looking to build equity in the Los Angeles area.
The home is ideally situated near East Los Angeles College, Downtown LA, and major transit arteries including the 60 and 10 freeways, ensuring strong long-term demand and convenience.
Featuring a bonus den, formal dining room, and an enclosed patio, the layout provides more functional living space and flexibility than a standard two-bedroom residence.
The property will not be delivered vacant, which presents a significant hurdle for owner-occupants and may complicate traditional financing or require legal steps to gain possession.
Sold in as-is condition, the 1947-built structure likely requires modernization and repairs, which could lead to unforeseen costs for the buyer post-acquisition.
Priced under market value for a fast sale!!! The charming single-story home features 2 bedrooms plus den and 1.5 bathrooms, spacious living room, formal dining room, large kitchen, enclosed patio and tool shed on a nice flat backyard with many fruit trees. Close to shopping centers, East Los Angeles College, DTLA and the 60 and 10 freeways. Property will not be delievered vacant. Property to be sold As-Is. This home is the perfect starter or downsizing. Don't miss your chance to make this house your home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 1.0 |
| Square foot | 1,048 | 1,046 |
| Lot Size | 4,903 | 4,628.5 |
| Price | $550.0K | $688.5K |
| Price per sq ft | $525 | $661 |
| Built year | 1947 | 1923 |
| HOA | $0 | $0 |
| Days on market | 22 | 90 |
Jun 30, 2026
$550,000
Initial Listing