Thank you
Shahram Shamounpour
Keller Williams Realty Westside
310-482-2500
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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Total Bedrooms : 6
Total Baths: 6
Full Baths: 0
Half Baths: 0
None
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1915
Building Area Total: 2,870
Gated Community
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2281
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 9937
Original List Price: 1,400,000
Listing Contract Date: 2023-01-19
Listing Agreement: Seller Reserved
Parcel Number: 5103001004
Garage Description: None
Lease Term: Negotiable
Source Listing Status: Active Under Contract
Source Neighborhood: C42 - Downtown L.A.
Postal Code Plus 4: 4020
Directions: Avalon And 51TH STREET
Zoning: LAC2
Source Property Type: Residential Income
Area: C42 - Downtown L.A.
Property Age: 109
Common Walls: No Common Walls
Year Built Source: Vendor Enhanced
Total Square Feet Living: 2870
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Residential Income, Los Angeles, CA,90011 | $990,000 | 6 | -- | 2,302 | 4400 Sqft |
876 -876 1/2 E 41st Place, Los Angeles, CA,90011 | $739,900 | 6 | 3 | 2,112 | 6250 Sqft |
4725 Compton Avenue, Los Angeles, CA,90011 | $450,000 | 2 | 1 | 1,029 | 2731 Sqft |
128 E 54th Street, Los Angeles, CA,90011 | $795,000 | -- | -- | 4,186 | 5306 Sqft |
851 E 32nd Street, Los Angeles, CA,90011 | $688,000 | -- | -- | 2,400 | 5230 Sqft |
2808 Maple Avenue, Los Angeles, CA,90011 | $650,000 | 2 | -- | 1,072 | 4800 Sqft |
209 E 31st Street, Los Angeles, CA,90011 | $675,000 | 2 | 1 | 1,028 | 6280 Sqft |
461 E 30th Street, Los Angeles, CA,90011 | $775,000 | -- | -- | 3,097 | 6244 Sqft |
1598 E 46th Street, Los Angeles, CA,90011 | $700,000 | -- | -- | 1,794 | 5257 Sqft |
178 E 49th Street, Los Angeles, CA,90011 | $999,999 | 6 | 4 | 2,438 | 6749 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 02:42
MLS: 23234037
LISTED BY: Shahram Shamounpour, Keller Williams Realty Westside
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.