$1,600,000
For Sale

606 E 51ST Street

Los Angeles, CA 90011
Courtesy of Kidder Mathews of California, Inc.
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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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  • Property Details
    • Property
      • View:CityLights
    • Measurements
      • Acres:0.2281
  • Construction Details
    • Type & Style
      • Property type:Purchase
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original list_price:$1, 600, 000
      • Selling office_commission:2.000
  • Other
    • Source
      • MLS #:22153619

Location

Cristina Arneson-CabreraReal Estate Group
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