1930 Blake Avenue, Los Angeles, California 90039, Los Angeles, 90039 - 4 bed, 3 bath
ACTIVE UNDER CONTRACT$1,050,000
1930 Blake Avenue, Los Angeles, California 90039
4Beds
3Baths
1,368Sqft
6,106Lot
Year Built
1920
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$768
HOA
-
Days on market
-
Sold On
-
MLS number
SR24186259
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.05M(42th), sqft - 1368(25th), beds - 4(50th), baths - 3(58th).
First time on the market in about 80 years! 3 units on one lot. 1930 Blake is 2+1, 2736 Queen 1+1, and 2738 Queen 1+1. Situated in the vibrant community of Elysian Valley, also known as "Frogtown." Across the street from local parks, trendy cafes, the LA River bike path, and Dodger Stadium adjacent, this property is a perfect blend of urban living and outdoor lifestyle. Don’t miss out on this prime Los Angeles property! The following lots are available for purchase and in the MLS: 1) 5442-011-030 -2724 Queen St 2) 5442-011-031- 2728 Queen St 3) 5442-011-032 – 1930 Blake Ave 4) 5442-011-009 – 2723 Pirtle St 5) 5442-013-002 – 2746 Benedict St
Nearby schools
8/10
Allesandro Elementary School
Public,•K-6•0.4mi
4/10
Glassell Park Elementary School
Public,•K-6•0.5mi
7/10
Dorris Place Elementary School
Public,•K-6•0.7mi
2/10
Aragon Avenue Elementary School
Public,•K-5•1.1mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.7mi
4/10
Loreto Street Elementary School
Public,•K-5•1.8mi
6/10
Irving STEAM Magnet
Public,•6-8•1.3mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.7mi
Price History
Date
Event
Price
09/07/24
Listing
$1,050,000
Condition Rating
Poor
Built in 1920 and on the market for the first time in about 80 years, this property shows clear signs of severe age and neglect. The exterior images reveal faded paint, overgrown vegetation, and general disrepair. One image depicts a severely dilapidated structure, indicating significant defects and potential safety concerns. Without interior photos, it's highly probable that the kitchens, bathrooms, and other interior components are original or very outdated, requiring substantial repairs and rehabilitation to meet modern standards and ensure habitability.
Pros & Cons
Pros
Income-Generating Triplex: The property features three distinct units on one lot, categorized as 'Residential Income,' providing immediate rental income potential for investors.
Prime Elysian Valley Location: Situated in the vibrant 'Frogtown' community, the property boasts an excellent location across from local parks, trendy cafes, the LA River bike path, and is adjacent to Dodger Stadium, offering a highly desirable urban and outdoor lifestyle.
Significant Development Potential: The availability of multiple adjacent lots for purchase (as indicated in the MLS) presents a unique opportunity for a larger development project or portfolio expansion.
Rare Market Opportunity: Being on the market for the first time in approximately 80 years, this property represents a rare acquisition opportunity for a long-held asset in a desirable Los Angeles neighborhood.
Vibrant Lifestyle Amenities: Direct access to local parks, trendy cafes, the LA River bike path, and proximity to Dodger Stadium enhances the property's appeal for tenants seeking an active and amenity-rich lifestyle.
Cons
Advanced Age of Construction: Built in 1920, the property is over a century old, which likely implies the need for significant updates to plumbing, electrical, and other core systems, potentially incurring substantial renovation costs.
Limited Unit Square Footage: With a total of 1368 sqft distributed across three units (2+1, 1+1, 1+1), the individual unit sizes are relatively small, which could limit rental income potential or appeal to certain tenant demographics.
Lack of Desirable Views: The property explicitly states 'view: None,' which can be a drawback in the Los Angeles market where scenic views often command a premium and enhance property value.