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  • 231 Blackshear Avenue

231 Blackshear Avenue, Los Angeles, CA 90022

$958,000 Approx. USD 0 beds, 0 baths
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Photo of Scott Waid

Scott Waid REALTOR® - Sales Associate 858-945-4004 m
858-683-8071 o
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Text Me
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Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
Phone: 858-487-3520
Fax: 858-451-0932
 Rancho Bernardo 16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
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Fax: 858-451-0932
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Listing Agent


Danny Villela | dannyv@bot-realestate.com
Lic#: 01793116
Broker: Courtesy of BOT Real Estate
Phone: 626 319 3144

Co Listing Agent


Casey Picard | casey.picard@aggregateip.com
Lic#: 01921866
Broker: Courtesy of Keller Williams Realty
Phone: (626) 376-9224

Agent Remarks

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 Details

Property type: Triplex (Multi-Family)
Status: Active
MLS# PF26108445
Price: $958,000
Beds: 0
Baths: 0
Built in 1948
0.12 acres
Lot size: 0.1191
County: Los Angeles
Zoning: LCR4YY
Lot description: ZeroToOneUnitAcre
MLS area: 699 - Not Defined

Last Updated: 5/21/2026

 Days On Market (DOM): 35

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 34.032370, -118.145496.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Scott Waid

Scott Waid REALTOR® - Sales Associate 858-945-4004 m
858-683-8071 o
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Text Me
Call My Cell
Call My Office
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com
Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
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