231 Blackshear Ave Los Angeles, CA 90022
Estimated payment $6,130/month
About This Home
Tucked away on a peaceful corner in East Los Angeles, right where the city meets Montebello, sits an opportunity waiting to be seized. This three-unit property doesn't just offer a prime location—it opens the door to something bigger. Step outside, and you'll find yourself minutes from everything that matters. The Metro stop beckons to commuters, while nearby shops and schools make daily life a breeze. Dual street addresses and easy freeway access add layers of convenience that modern city dwellers crave. But here's where it gets interesting: that empty four-car garage isn't just storage space—it's your next investment. The City of Los Angeles has already approved plans for a fourth unit, an ADU spanning 950 square feet. Picture this: two bedrooms, two bathrooms, and a dedicated laundry area, all ready to transform from blueprint to reality. Smart investors take note—this isn't just a building, it's a foundation for growth.
Listing Agent
BOT Real Estate Brokerage Phone: 6267204760 License #01793116 Listed on: 01/06/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 5,188 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 2,271 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 86
- Tax Tract Number 9012
- Assessor Parcel Number 5249015014
- $1,528 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,800
- Water Sewer Expense $3,600
- Operating Expense $3,600
- Gross Income $67,320
- Net Operating Income $63,720
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,803 | $936,360 | $468,180 | $468,180 |
| 2024 | $12,803 | $918,000 | $459,000 | $459,000 |
| 2023 | $12,220 | $900,000 | $450,000 | $450,000 |
| 2022 | $5,463 | $343,748 | $132,946 | $210,802 |
| 2021 | $5,396 | $337,009 | $130,340 | $206,669 |
| 2020 | $5,427 | $333,554 | $129,004 | $204,550 |
| 2019 | $5,251 | $327,015 | $126,475 | $200,540 |
| 2018 | $5,159 | $320,604 | $123,996 | $196,608 |
| 2016 | $4,947 | $308,156 | $119,182 | $188,974 |
| 2015 | $4,878 | $303,528 | $117,392 | $186,136 |
| 2014 | $4,885 | $297,583 | $115,093 | $182,490 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/06/2026 01/06/26 | For Sale | $975,000 | +8.3% | $429 / Sq Ft | |
| 07/25/2022 07/25/22 | Sold | $900,000 | 0.0% | $360 / Sq Ft | View Prior Sale |
| 06/19/2022 06/19/22 | For Sale | $899,900 | 0.0% | $360 / Sq Ft | |
| 09/02/2016 09/02/16 | Rented | $1,850 | 0.0% | -- | |
| 08/24/2016 08/24/16 | For Rent | $1,850 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Grant Deed | $900,000 | Ticor Title | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Ticor Title | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Grant Deed | $233,000 | Equity Title | |
| Gift Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $675,000 | New Conventional | |
| Previous Owner | $160,000 | New Conventional | |
| Previous Owner | $186,100 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PF26003504
APN: 5249-015-014
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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