231 Blackshear Ave Los Angeles, CA 90022
Estimated payment $6,176/month
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 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 Agent
BOT Real Estate Brokerage Phone: 6267204760 License #01793116 Listed on: 05/18/2026
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 |
|---|---|---|---|---|---|
| 05/18/2026 05/18/26 | For Sale | $958,000 | +6.4% | $422 / 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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: PF26108445
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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