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606 E 51st Street

Los Angeles (City), CA 90011
  • $1,400,000
  • STATUS: Active Under Contract
  • ON SITE: 458 Days
  • ID#: 23234037
Under Contract
UPDATED: 145 min ago
$1,400,000
  • 6
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,870
    SQFT
  • $488
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

Listing Agent(s): Shahram Shamounpour of Keller Williams Realty Westside (310-482-2500)


Description

The Avalon Park Development, a 9,937SF C2, Tier 1 TOC development site is located within the heart of South LA, across the street from the 20-acre South Park that encompasses walking paths, a baseball diamond (lighted), basketball courts (lighted), and a seasonal pool. 606 E 51st St provides a developer with the opportunity to build up to a maximum of 38 units (Buyer to verify). The property is 80 feet in width and 125 feet in depth, with a 15-foot wide alley on the East property line. The property is currently improved with 6 detached bungalow structures; all one-bedroom + one-bathroom units. With the existing rents, the property presently provides a value-add investor with over 90+% of rental upside. Contact the listing broker today for additional information.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-22T18:51:40.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/136217644
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606 E 51st Street Los Angeles (City), CA 90011

  • Price: $1,400,000
  • Status: Active Under Contract
  • On Site: 458 Days
  • Updated: 145 min ago
  • ID#: 23234037
6
Beds
0
Baths
0
½ Baths
0.23
Acres
2,870
SQFT
$488
$/SQFT
1915
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
The Avalon Park Development, a 9,937SF C2, Tier 1 TOC development site is located within the heart of South LA, across the street from the 20-acre South Park that encompasses walking paths, a baseball diamond (lighted), basketball courts (lighted), and a seasonal pool. 606 E 51st St provides a developer with the opportunity to build up to a maximum of 38 units (Buyer to verify). The property is 80 feet in width and 125 feet in depth, with a 15-foot wide alley on the East property line. The property is currently improved with 6 detached bungalow structures; all one-bedroom + one-bathroom units. With the existing rents, the property presently provides a value-add investor with over 90+% of rental upside. Contact the listing broker today for additional information.
Exterior Features

Parking Features None Parking Total 6

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Community Features Gated Gross Income 77750 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 54425 New Construction YN No Rent Control YN Yes Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-22T18:51:40.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370834830-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370834830-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370834830-1.jpg
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395
Listing Agent(s): Shahram Shamounpour of Keller Williams Realty Westside (310-482-2500)