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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0BEDS
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0.23ACRES
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0BATHS
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01/2 BATHS
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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T00:32:21.227. 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 The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.