4 months on rocket

1609 Oak St, Los Angeles, CA, 90015

$910,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
6 Baths
5,518 SqFt
$165/SqFt
House

Location

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1609 Oak St, Los Angeles$910,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingNone
Year Built1922
MLS #24429973
Lot Size0.11 Acres
StatusActive

About 1609 Oak St

DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are 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.

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 2
  • Living Area: 5,518 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Sean Rosenzweig

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Other

Directions Information:

  • Directions: South of Venice Boulevard & East of South Union Avenue

Price Information

Listing Price Info

Price Summary:

  • List Price: $910,000
  • Price Per SqFt: $165/SqFt

Tax Information:

  • Annual Amount: $9,904
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1609 Oak St vs Los Angeles

124 DAYS ON ROCKET

+86 Days

$910,000

-$111.5K Less

$165/SqFt

-$475 Less

KEY TAKEAWAY

This property is $111.5K less than the Median Sold Price and $475/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24429973

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Sean Rosenzweig

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 7:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 10, 2013Home Sold
$693,000
Apr 30, 2012Home Sold
$517,000
Jul 02, 2004Home Sold
$375,000
Mar 11, 2002Home Sold
$325,000
Jan 12, 2000Home Sold
$177,000
Dec 26, 1990Home Sold
$200,000

Tax History

YEARPROP. TAXASSESSMENT
2021$9,904$788,385
2020$9,616$780,302
2019$9,509$765,002
2018$9,312$750,003
2017$9,312$735,298

History based on county public records data.

Payment Calculator

$4,609

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,795

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1063130
5
/10

  • Norwood Street Elementary School

  • 2020 Oak St

  • 0.36 miles

  • Public District Grades KG-5

school-card-donut-1063131
6
/10

  • Equitas Academy Charter

  • 1700 W Pico Blvd

  • 0.39 miles

  • Public Charter Grades KG-5

school-card-donut-1063132
7
/10

  • Equitas Academy #3 Charter

  • 1050 Beacon Ave

  • 0.61 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,353. Most Los Angeles, CA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1609 Oak St

What is the listing price of this property?

The listing price of 1609 Oak St property is $910,000.

What type of property is this?

The property 1609 Oak St is a house located in Los Angeles, California, 90015.

Is this property for sale now?

Active Listing: 1609 Oak St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $9,904 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 10, 2013 for $693,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1609 Oak St has 4 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 1609 Oak St is 5,518 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1609 Oak St is 1922.

Rocket Homes›California›Los Angeles County›Los Angeles›90015›1609 Oak St

This home is located at 1609 Oak St in Los Angeles, CA and zip code 90015 in the Central LA neighborhood. This 5,518 square foot home, which was built in 1922, sits on a 0.11 acre lot. Features: 4 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since August 20, 2024 and is currently priced at $910,000.

Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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