1609 Oak Street
$910,000
4
6
5,518
5,518
$165
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...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.
- Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 1609 Oak Street
Zoning
LAM1
Parcel Number5135028014
Total Units6.0
Living Area5518
Source Living AreaAssessor
AreaDowntown L.A. (C42)
Vacancy Rate0
Lot Size Area4745
LISTING UPDATED: 10/09/2024 09:38 AM
Property Details for 1609 Oak Street
Status | Active |
---|---|
MLS # | 24-429973 |
Days on Market | 96 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.11 AC / 4,745 SF |
County | Los Angeles County |
Building Information for 1609 Oak Street
Stories2Residences-Year Built1922Building Size-Lot Size0.11 AC / 4,745 SF
Property Information for 1609 Oak Street
Property History for 1609 Oak Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1609 Oak Street
Taxable ValueLand$603,637Additions$233,001Total$836,638
Tax Record2024$10,722 ($893 / month)
Home Facts
Total Finished SqFt5,518 SqFtAbove Grade Finished SqFt5,518 SqFtLot Size4,745 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLAM1CountyLOS ANGELESAPN5135-028-014
Schools near 1609 Oak Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Norwood Street Elementary School PublicK to 5 | ||
John Adams Middle School Public6 to 8 | ||
West Adams Preparatory High School Public9 to 12 | ||
Downtown Value School CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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