Home | Los Angeles County | Los Angeles | 90022 | 231 Blackshear Ave
MLS: CRPF26108445 | Status: Active | Price: $958,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 5,188 | 1948 |
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 i
| Field | Value |
|---|---|
| MLS # | CRPF26108445 |
| MLS Source | California Regional MLS |
| Days on Site | 13 |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 4 Car(s) |
| Listing Agent | Co-Listing Agent |
|---|---|
| Danny Villela | Casey Picard |
| BOT Real Estate | Keller Williams Realty |
| License #: 01793116 | License #: 01921866 |
| Phone: (626) 319-3144 | Phone: (626) 376-9224 |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 3 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 5609 E Beverly Bld | $1,000,000 | – | – | – | Active |
| 1254 S Mcbride | $999,990 | – | – | – | Active |
| 601 S Record Ave | $1,100,000 | – | – | – | Active |
| 920 S La Verne | $830,000 | – | – | – | Active |
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This listing information is up-to-date as of May 21, 2026. For the most current information, please contact Danny Villela, (626) 319-3144.