Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap. Last updated 2024-09-16 08:11:37.000000. Listing information © 2024 CLAW.
Asking Price: $950,000
1609 Oak, Los Angeles CA 90015
Community: C42 - Downtown L.A.
This property was built in 1922 and is priced at $950,000. Please see the additional details below.
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.
