231 Blackshear Avenue, Los Angeles, CA 90022

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
231 Blackshear Avenue,Los Angeles, CA 90022
$958,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: danny villela
Office: bot real estate
MLS#:PF26108445
Source:MLSListings

Price summary

  • Price:$958,000

About this home

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...

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Home facts

  • Year built:1948
  • Listing ID #:PF26108445
  • Added:54 day(s) ago
  • Updated:July 14, 2026 at 07:50 PM

Structure and exterior

  • Year built:1948
  • Lot area:0.12 Acres

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$958,000

Features and amenities

  • Laundry features:Gas Hook-up
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