631 W California Ave Oklahoma City, OK 73102
Property details
About 631 W California Ave
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.
Highlights
Virtual tour
Summary
- MLS Number: 1148190
- MLS Name: MLSOK
- Office Name: Metro Mark Realtors
- Office Phone: (405) 848-8818
- Listing Agent: Cole Strickland
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Last updated on: 3/17/2025, 12:14:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,175,000
631 W California Ave
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $2,004 | $246 |
2022 | $1,908 | $224 |
History based on county public records data.
Nearby schools
6
Eugene Field Elementary School
Public District PK-4
1.4 mi
•1515 N Klein Ave
3
Shidler Elementary School
Public District PK-4
1.5 mi
•1415 S Byers Ave
8
Mark Twain Elementary School
Public District PK-4
1.8 mi
•2451 W Main St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $67,045. Typical income of Oklahoma City, OK residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
This home is located at 631 W California Ave in Oklahoma City, OK and zip code 73102 in the Central Oklahoma City neighborhood. This 9,765 square foot home was built in 2023. Features: 12 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since December 22, 2024 and is currently priced at $3,175,000.
In February 2025 more than 96 listings in Oklahoma City, OK were sold above the asking price. During the same period more than 209 listings were sold at asking price, while more than 314 were sold below. Between January and February 2025, Oklahoma City, OK real estate market has seen increase in the number of listings by 4.4%. Listings spent 54 days on the market in February 2025, and had a median list price of $255,037 during the same period.