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606 E 51ST St

Los Angeles, CA 90011
  • $1,499,000
  • STATUS: Active
  • ON SITE: 100 Days
  • ID#: 22-153619
$1,499,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

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 inwidth 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. As of April 2022, five out of six units are occupied by tenants. With the existing rents, the property currently provides a value-add investor with over 75+% of rental upside. Contact the listing broker today for additional information.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-13T23:43:05.457. 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.
www.brandiprattrealestate.com/homes/128394820
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606 E 51ST St Los Angeles, CA 90011

  • Price: $1,499,000
  • Status: Active
  • On Site: 100 Days
  • ID#: 22-153619
0
Beds
0
Baths
0
½ Baths
0.23
Acres
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
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 inwidth 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. As of April 2022, five out of six units are occupied by tenants. With the existing rents, the property currently provides a value-add investor with over 75+% of rental upside. Contact the listing broker today for additional information.
Exterior Features

Lot Size Area 9937 View Description CityCity Lights View YN Yes

Property Features

Cable YN Yes Sale Type Standard Source Lot Size Area Vendor Enhanced Zoning Lac2

Listing provided courtesy of Casey Lins DRE#01902650 of Kidder Mathews Of California, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-13T23:43:05.457. 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.
 
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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583