606 51st Street, Los Angeles

$1,400,000

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5 Beds
5 Baths
2,870 Sqft
.23 Acre
0 Garage

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.

Essential Information

MLS® #
23234037
Price
$1,400,000
Bedrooms
5
Bathrooms
5.00
Square Footage
2,870
Acres
0.23
Year Built
1915
Type
Residential Income
Status
Active Under Contract

Community Information

Address
606 51st Street
Area
C42 - Downtown L.A.
City
Los Angeles
County
Los Angeles
Zip Code
90011
Community Features
Gated
Senior Community
N

Amenities

Parking Spaces
6
Parking
None
Garages
None

Interior

Heating
Wall Furnace
Cooling
None
# of Stories
1

Additional Information

Date Listed
January 19th, 2023
Days on Market
484
Zoning
LAC2

Listing Details

Agent
Shahram Shamounpour

Office

Keller Williams Realty Westside

Property History
Status Changed from Active to Active Under Contract

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Based on information from California Regional Multiple Listing Service, Inc. as of May 17th, 2024 at 6:55pm PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.