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606 E 51ST Street

Los Angeles (City), CA 90011
  • $1,600,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: 22153613
UPDATED: 18 min ago
$1,600,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

Listing Agent(s): Casey Lins of Kidder Mathews Of California, Inc. (858-369-3010)


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 California Regional Multiple Listing Service, Inc. as of 2022-05-23T19:30:30.077. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128393356
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606 E 51ST Street Los Angeles (City), CA 90011

  • Price: $1,600,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 18 min ago
  • ID#: 22153613
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1915
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - 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

Parking Features Driveway Parking Total 2

Property Features

Association Fee 0 Gross Income 76690 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 42610 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T19:30:30.077. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Casey Lins of Kidder Mathews Of California, Inc. (858-369-3010)