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
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