NOT LISTED FOR SALE

606 E 51st St Los Angeles, CA 90011

South Park Neighborhood
6 Beds
6 Baths
2,870 Sq Ft
9,937 Sq Ft Lot

Last Sold June 24, 2024

Last sale price $1,365,000 $476 Per Sq Ft

4 Days on Market

Highlights

  • Gated Home
  • 1-Story Property
  • 4-minute walk to 49th Street Park

About This Home

As of June 2024

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.

Last Agent to Sell the Property

Shahram Shamounpour

Keller Williams Beverly Hills License #02122389 Listed on: 01/19/2023

Keller Williams Beverly Hills

Last Buyer's Agent

Meran Solamany

Keller Williams Beverly Hills License #01301571

Keller Williams Beverly Hills

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1915

Lot Details

  • 9,937 Sq Ft Lot
  • Gated Home
  • Property is zoned LAC2

Parking

  • 6 Parking Spaces

Interior Spaces

  • 2,870 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5103-001-004

Home Details

Home Type

Single Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 2870
  • Lot Acreage: 0.2281
  • Probate: No
  • Stories: 1
  • Year Built: 1915
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Common Walls: Detached/No Common Walls
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 487.80

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 6

Utilities

  • Heating: Wall
  • Security: Gated

Lot Info

  • Assessed Improvement Percent: 22.22
  • Assessed Improvement Value: 204000
  • Assessed Land Percent: 77.78
  • Assessed Land Value: 714000
  • Total Assessed Value: 918000
  • Assessor Parcel Number: 5103-001-004
  • Lot Size Area: 9937

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 18.00
  • Number Of Units: 6
  • Type Of Units: Bungalow

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/24/2024 06/24/24 Sold $1,365,000 -2.5% $476 / Sq Ft
01/23/2023 01/23/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $1,400,000 +55.6% $488 / Sq Ft
02/18/2021 02/18/21 Sold $900,000 -10.0% $314 / Sq Ft View Prior Sale
02/16/2021 02/16/21 Pending -- -- --
07/07/2020 07/07/20 For Sale $1,000,000 -- $348 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,564 $1,392,300 $1,076,100 $316,200
2024 $12,564 $955,086 $742,845 $212,241
2023 $12,337 $936,360 $728,280 $208,080
2022 $11,798 $918,000 $714,000 $204,000
2021 $4,337 $277,358 $146,481 $130,877
2020 $4,368 $274,516 $144,980 $129,536
2019 $4,234 $269,135 $142,138 $126,997
2018 $4,026 $263,858 $139,351 $124,507
2016 $3,800 $253,614 $133,941 $119,673
2015 $3,756 $249,806 $131,930 $117,876
2014 $3,809 $244,913 $129,346 $115,567
Source: Public Records

Agents Affiliated with this Home

  • Shahram Shamounpour

    Seller's Agent in 2024

    Shahram Shamounpour

    Keller Williams Beverly Hills

    (424) 313-2744

    4 in this area

    17 Total Sales

    Shahram Shamounpour
    Section Image
  • Meran Solamany

    Buyer's Agent in 2024

    Meran Solamany

    Keller Williams Beverly Hills

    (310) 666-7822

    1 in this area

    41 Total Sales

    Meran Solamany
    Section Image
  • Sam Ali

    Seller's Agent in 2021

    Sam Ali

    ASH REALTY

    (949) 354-4430

    1 in this area

    63 Total Sales

    Sam Ali
    Section Image

  • C

    Buyer's Agent in 2021

    Carlos Sandoval

    SAND MANAGEMENT GROUP

    (818) 652-9817

    1 in this area

    12 Total Sales

    Carlos Sandoval
    Section Image
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Map

Source: The MLS

MLS Number: 23-234037

The MLS
California Los Angeles County Los Angeles 90011 South Park

606 E 51st St, Los Angeles, CA

Not Listed for Sale

Detached

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