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Sarah Bytyqi

[email protected] +1(405) 850-0362

$ 3,175,000

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Price Dropped by $225K

631 W California Avenue Oklahoma City, OK 73102

12 Beds

12 Baths

9,765 SqFt

UPDATED:

02/20/2025 03:02 AM

Key Details

Property Type Multi-Family

Sub Type More Than 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,765 sqft

Price per Sqft $325

MLS Listing ID 1148190

Style Modern

Bedrooms 12

Full Baths 12

Construction Status Concrete,Metal,Steel

Year Built 2023

Property Sub-Type More Than 4 Units

Property Description

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.

Location

State OK

County Oklahoma

Exterior

Roof Type Other

Private Pool Yes

Building

Lot Description Corner, Zero Lot Line

Story 4.0000

Foundation Slab

Structure Type Concrete,Metal,Steel

Construction Status Concrete,Metal,Steel

Schools

Elementary Schools John Rex Charter

Middle Schools Moon Ms

High Schools Douglass Hs

School District Oklahoma City

Others

Miscellaneous Elevator,Fire Escape,Fire Stairs

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/okc/1148190

Multiple Listing Service of Oklahoma (MLSOK)

Listed by Cole Strickland • Metro Mark Realtors

Sarah Bytyqi

Broker | License ID: 154928

+1(405) 850-0362

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Oklahoma City, OK

Sarah Bytyqi

631 W California Avenue Oklahoma City, OK 73102

Key Details

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Schools

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631 W California Avenue