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Los Angeles, CA 90011 606 E 51st Street

$1,400,000

606 E 51St Street Los Angeles, Ca - Image 1606 E 51St Street Los Angeles, Ca - Image 2606 E 51St Street Los Angeles, Ca - Image 3
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Presented By: Shahram Shamounpour with Keller Williams Realty Westside;
  • MLS# 23234037
  • 01/19/2023
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  • BedBeds • 6
  • BathBaths • 6
  • FootageSQFT • 2,870

Home Details

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.
Presented By: Shahram Shamounpour with Keller Williams Realty Westside;

Interior Features for 606 E 51st Street

Bedrooms

Total Bedrooms6

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths6

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories1

General for 606 E 51st Street

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CoolingNone
CountyLos Angeles
Days on Market4
DirectionsAvalon And 51TH STREET
Garage Y/NNo
Gross Income77750.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet9937.0
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income54425.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Street Name51st
Total Units6
View Y/NNo
Waterfront Y/NNo
Year Built1915
ZoningLAC2

Exterior for 606 E 51st Street

Building Area Total2870.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2281
Lot Size Area9937.0
Lot Size UnitsSquareFeet
Number of Buildings6
Open Parking Y/NNo
Parking FeaturesNone
SpaNo
Total Parking6.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,400,000
MLS#23234037
List Date 01/19/2023
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors