606 East 51st Street Los Angeles, CA ^$ 1,400,000

606 East 51st Street

^$ 1,400,000

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606 East 51st Street

Los Angeles, CA, 90011

^$ 1,400,000

Studio Baths0.0 Sq 2,870

Monthly Estimate*

^$ 9,779

606 East 51st Street, Los Angeles, CA 90011 - Image 1

606 East 51st Street, Los Angeles, CA 90011 - Image 2

606 East 51st Street, Los Angeles, CA 90011 - Image 3

606 East 51st Street, Los Angeles, CA 90011 - Image 4

606 East 51st Street, Los Angeles, CA 90011 - Image 5

606 East 51st Street, Los Angeles, CA 90011 - Image 6

Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,400,000. This 2,870 square foot home was built in 1915 on a lot size of 0.23.

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.

Multi-Family Contingent

Price

^$ 1,400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.23

Year Built

1915

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0023234037

Features

General

Sewer None

Heating Wall Furnace

Zoning LAC2

Security Features Gated Community

Year Built 1915

County Los Angeles

Net Operating Income 54425.0

New Construction No

Property Type C

HOA / Comm Assn No

Contingency Active Under Contract

Status Active Under Contract

City Los Angeles

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 9937.0

Street Name 51st

Standard Status Active Under Contract

Buyer Agent Compensation Type %

Exterior

Lot Size Area 9937.0

Foundation Details None

Building Area Total 2870.0

Lot Size Acres 0.23

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 1

Common Walls No Common Walls

Air Conditioning Y/N No

Heating Y/N Yes

Street Suffix Street

Total Baths 0

* Excluded Features

List By

Shahram Shamounpour

Listing Agent

Keller Williams Realty Westside

Broker

Affordability Calculator

$9,779

Per Month

Monthly Principal & Interest: $9,779
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,000,821

Percent of Sale Price 43%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/20/2023	$1,400,000		Listed Price

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606 East 51st Street, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $1,400,000 with 2,870 sqft and a lot size of 0.23. 606 East 51st Street is a studio with 0.0 baths and was built in 1915. The property's zip code is 90011 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 2/20/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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606 East 51st Street

Multi-Family Home for sale in Los Angeles, CA

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