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631 W California Avenue

$3,400,000
631 W California Avenue, Oklahoma City, OK 73102
631 W California Avenue

631 W California Avenue

$3,400,000

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.
Cole Strickland
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Features & Amenities

Interior

Total Bedrooms 12
Total Bathrooms 12
Full Bathrooms 12
Appliances Dishwasher, Microwave, Refrigerator, Washer/Dryer

Exterior

Stories 4
ROOF Other
Lot Features Corner Lot, Zero Lot Line
Parking Concrete
Substructure Slab

Area & Lot

Status For Sale
LIVING SPACE 9,765 Sq.Ft.
LOT SIZE 3,646 Sq.Ft.
MLS® ID 1148190
Type Multi-Family
Year Built 2023
Neighborhood Oklahoma
Architecture Styles Modern
ELEMENTARY SCHOOL John Rex Charter
MIDDLE SCHOOL Moon MS
HIGH SCHOOL Douglass HS
School District Oklahoma City

Financial

SALES PRICE $3,400,000
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Thank you for your interest in 631 W California Avenue, Oklahoma City, OK 73102. We are reviewing your request and will be in touch shortly!

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