606 E 51st Street, Los Angeles, CA 90011

About this property

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.

Listing description from the June 2024 sale, as reported to CRMLS.

Sale history

$1,365,000

Sold June 2024 · listed $1,400,000, on market January 2023 · MLS #23234037 · Source: CRMLS

Listing Agent: Shahram Shamounpour · Listing Office: Keller Williams Realty Westside · Contact: 310-482-2500 · Bought with: Meran Solamany · Keller Williams Realty Westside

$900,000

Sold February 2021 · listed $1,000,000, on market July 2020 · MLS #CV20132084 · Source: CRMLS

Listing Agent: SYED ZAIDI · Listing Office: SMART SELL REAL ESTATE · Contact: 909-256-2560 · Bought with: CARLOS SANDOVAL · SAND MANAGEMENT GROUP

Explore Los Angeles