Active

631 W California Avenue

Oklahoma City OK, 73102

$3,400,000


$348.18 per sqft

Active

12 Beds

12 Baths

9,765 sqft

Multi-family

Built in 2023

Listing courtesy of Cole Strickland and with Metro Mark Realtors Listing Contact: 405-848-8818

Incredible investment opportunity with this Brand New Construction in Downtown OKC!! Located on the East side of Film Row, this location is perfect for short walks to great restaurants, bars like The Jones Assembly, Bar Arbolada, Big Biang and The Study! As an added bonus, only a 10 minute walk to the Omni, Myriad Gardens, Paycom Center and soon to be brand new Arena for the Thunder! Investors will love this property for its location as well as the building design and materials. All flooring and most walls are cast-in-place concrete offering long term sustainability as well as high efficiency for utilities. Floor to ceiling windows provide one of the best views of Downtown! John Rex Elementary is a 2 minute walk away! With continued support of the local MAPS project, this area will continue to grow offering a great long term capital investment opportunity! PLUS, a Cost Segregation study has been mostly completed and offers a HUGE immediate tax savings for investors. Please contact the listing agent for more information on this portion!

The building is made up of 6 condo units each with 2 bedrooms, 2 bathrooms, personal laundry room and an open kitchen/living space with a smaller balcony space! Access to the 2,000+ sq/ft shared rooftop patio space for each unit is essential to soak in the beautiful sunsets and 360* view of OKC at its best! The first floor has 6 garage spaces with automatic doors giving each unit its own private parking space! And for investors, an additional 750 sq/ft commercial space facing California Ave for additional revenue!

This property is currently being professionally managed for short term rental grossing nearly $20k/mo! This company can continue business for the new owners if desired! Each unit has the potential to rent for $3,500-$4,500/mo! For private tours or any additional information, contact the listing agent directly.

1148190

MLS ID

December 22, 2024

Listed

December 22, 2024

Updated

Map

631 W California Avenue
Oklahoma City OK, 73102

Interior Features

Total Stories

4


Bedrooms

12


Total Bathrooms

12


Full Bathrooms

12


Interior Features

Balcony, Elevator, Furnished, Storage


Appliances

Dryer, Dishwasher, Microwave, Refrigerator, Washer


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.08 Acres


Exterior Features

Elevator, Private Entrance


Lot Features

Corner Lot, Zero Lot Line


Architectual Style

Modern


Roof

Other

School Information

School District

Oklahoma City


High School

Douglass HS


Elementary School

John Rex Charter

Other Property Details

Association Fee Frequency

Yearly


Garage

No


Parking

Concrete, Driveway


View

No


County

Oklahoma


Pool

No

The information provided is believed to be accurate but is not guaranteed and is subject to verification by all parties. It is intended for consumers' personal, non-commercial use and should not be used for any other purpose than to identify prospective properties for purchase. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual, and/or purpose without the express written permission of MLSOK, Inc. The IDX display contains information sourced from MLSOK, Inc. as of 12/22/2024. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered. Information last updated on 12/22/2024.

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