$ 958,000
-
$958,000
Price -
5
Bed -
3
Bath -
2,271
SqFt
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About the Listing pf11434m - PF21800,p21625
231 Blackshear Avenue presents a clean, well-maintained triplex in the heart of East Los Angeles, offering an investor a stabilized asset with multiple paths to meaningful upside. The property features an attractive unit mix of one (1) 3-bedroom / 1-bathroom single-family residence and two (2) 1-bedroom / 1-bathroom units, appealing to a broad tenant base of families and individuals alike. Each unit is served by its own water heater, eliminating any gas expense for ownership and simplifying operations. The opportunity here is defined by its upside. The vacant garages offer significant value-add potential through conversion to an ADU — with no loss of existing services — while the addition of community laundry provides a clear path to incremental income. Existing units carry strong rental upside of approximately ±15%, giving a new owner immediate room to grow in-place income. Expense efficiency adds to the appeal: ownership carries no garbage expense, as all trash services are paid through the property tax bill, and the individual water heaters keep gas costs off the owner's ledger. Four open parking spaces sit in front of the garages, adding convenience and tenant value. Positioned with easy access to the 60 Freeway and just 7 miles from Downtown Los Angeles, the property is surrounded by major employment centers including Commerce Casino, Citadel Outlets, Bimbo Bakeries, AltaMed Health Services, and Beverly Hospital — anchoring sustained rental demand for years to come.
Listing Highlights
Status
Active
Days on Site
14
Property Type
Multi-Family
MLS ®
PF26108445
Year Built
1948
Total Square Footage
2,271
Lot/Acreage
0.12
County
Los Angeles
Area
699 - Not Defined
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Zoning: LCR4YY
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5249015014
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
231 Blackshear Ave Los Angeles, CA 90022
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