$950,000
- Beds
- 4
- sq ft
- 5,518
1609 Oak St, Los Angeles, CA 90015
1609 Oak St
Los Angeles, CA 90015
- 30 days on market
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.
Details
Property type
Lot size
4,745 sq ft
Price per sq ft
$173
Year built
1922
HOA
No
Price History
08/20/2024
CLAW #24429973
Listed
$950,000
+37.09%
05/10/2013
CRMLS #WS13024773
Sold
$693,000
Schools & Community
Neighborhood:
Pico-Union
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/20/2024 at 1:55 AM
Listing updated: 08/28/2024 at 6:50 AM
Listed by: Sean Rosenzweig, Marcus & Millichap Phone #: (310) 909-5500
MLS: CLAW #24429973
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