$910,000
1609 Oak Street Los Angeles, CA 90015
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$910,000
Est. payment /mo
5,518 SqFt
Active
1609 Oak Street Los Angeles, CA 90015
UPDATED:
10/09/2024 05:22 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,518 sqft
Price per Sqft $164
MLS Listing ID CL24429973
HOA Y/N No
Year Built 1922
Lot Size 4,745 Sqft
Acres 0.11
Property Description
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to offer for sale a six-unit apartment community located at 1609 Oak Street. The subject property is located west of the 110 Freeway and south of Venice Boulevard. Situated on a 4,745 square foot parcel, the property is comprised of two studios and four one-bedroom units. The property has 40% remaining rental upside through unit renovations. 1609 Oak Street presents investors a unique opportunity to acquire an asset with a strong value-add component and the opportunity to capitalize on the westward expansion and revitalization of the Downtown sub-market. Located in close proximity to multiple venues for the 2028 Summer Olympics in Los Angeles. The property is a short distance from venues in the "Downtown Sports Park", Including the LA Memorial Coliseum, Crypto.com Arena, BMO Stadium, & more, which bode well for the long term prospects of this neighborhood.
Location
State CA
County Los Angeles
Area Listing
Zoning LAM1
Interior
Fireplace No
Exterior
Parking Type None
Building
New Construction No
Others
Tax ID 5135028014
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Sean Rosenzweig • Marcus & Millichap
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