606 E 51St Street

Los Angeles, CA 90011

$1,365,000

Sold Price
6

bed Beds

6

shower Baths

2,870 sqft

straighten / sqft

1915

calendar_month Built

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.

Listing Information

Close Price $1,365,000
Close Date Monday, June 24th, 2024
Status Closed
MLS 23234037
Type Residential Income
Year Built 1915
Lot Size 9,937
Structure Size 2,870
DOM 4
Courtesy Of Keller Williams Realty Westside
Listing Agent Shahram Shamounpour DRE#02122389

Interior Features

Total Bedroom
Bedrooms 6
Total Bathroom
Bathrooms 6
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Shahram Shamounpour, Keller Williams Realty Westside 424-313-2744. *Based on information from the Association of REALTORS/Multiple Listing as of Jun 24th, 2024 at 9:45 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.