NOT LISTED FOR SALE
6 Beds
6 Baths
2,870 Sq Ft
9,937 Sq Ft Lot Lot

Sale Details

Date 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

9,937 Sq Ft Lot

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $17,687 $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

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Map

Source: The MLS

MLS Number: 23-234037

The MLS
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