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$910,000

Beds
4
sq ft
5,518

1609 Oak St, Los Angeles, CA 90015

1609 Oak St

Los Angeles, CA 90015

  • 127 days on market
    • Price drop $40,000↓
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

$165

Year built

1922

HOA

No

Price History

12/05/2024
CLAW

CLAW #24429973

Listed
$910,000
12/05/2024
CLAW

CLAW #24429973

Removed
$910,000
10/09/2024
CLAW

CLAW #24429973

Price change
$910,000
-4.21%

Schools & Community

Neighborhood: 

Pico-Union

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/25/2024 at 6:15 AM

Listing updated: 12/05/2024 at 2:37 PM

Listed by: Sean Rosenzweig, Marcus & Millichap Phone #: (310) 909-5500

MLS: CLAW #24429973

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