Multifamily
1609 Oak Street
1609 Oak St, Los Angeles, CA 90015
Listing Price: $910,000
Investment Overview
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS.
Marcus & Millichap, as the exclusive listing agent, is 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.
1609 Oak Street
Investment Highlights
- Located in a Designated Opportunity Zone and May be Eligible for Preferential Tax Treatment
- There is 40 Percent Remaining Rental Upside Through Interior Renovations
- Located in a Dense Pocket Approximately 0.9 Miles from LA Live & Crypto Arena. With a Walk Score of 78, Most Errands can be Accomplished on Foot
- Located in Close Proximity to Major Venues in the "Downtown Sports Park" for the 2028 Summer Olympics in Los Angeles. Venues Include the LA Coliseum, Crypto.com Arena, & BMO Stadium
- Family Owned & Operated for the Last 11 Years
- Located in the Path of Future Growth between Downtown Los Angeles, West Adams & Koreatown
Exclusively Listed By
Financing By
Listing Price: $910,000
Investment Highlights
- Located in a Designated Opportunity Zone and May be Eligible for Preferential Tax Treatment
- There is 40 Percent Remaining Rental Upside Through Interior Renovations
- Located in a Dense Pocket Approximately 0.9 Miles from LA Live & Crypto Arena. With a Walk Score of 78, Most Errands can be Accomplished on Foot
- Located in Close Proximity to Major Venues in the "Downtown Sports Park" for the 2028 Summer Olympics in Los Angeles. Venues Include the LA Coliseum, Crypto.com Arena, & BMO Stadium
- Family Owned & Operated for the Last 11 Years
- Located in the Path of Future Growth between Downtown Los Angeles, West Adams & Koreatown
Investment Overview
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. Marcus & Millichap, as the exclusive listing agent, is 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.
Exclusively Listed By
Financing By
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