Oak & Ellum

JLL as selling agents are pleased to present the Oak & Ellum, located at 2627 Live Oak Street, Dallas, Texas 75204.

This is a unique opportunity to acquire a 424-unit luxurious Class A residential asset, strategically positioned in the heart of Dallas' vibrant urban core. Oak & Ellum offers a compelling value proposition with its prime location adjacent to the Dallas CBD, offering residents a desirable live, work, play environment.

This property spans over 319,917 square feet, with an occupancy rate of 93.2% and a leased rate of 95.2% as of August 2026. Built in 2015, with significant renovations completed in 2022, including a full roof replacement, the property boasts premier amenities such as a saltwater swimming pool, 24-hour fitness center, private movie theater, and proximity to a Tom Thumb grocery store. With a Walkscore of 90, the location ensures unparalleled access to downtown attractions and amenities.

Strategically situated along US-75, Oak & Ellum benefits from excellent connectivity, allowing swift access to key areas like Uptown, Victory Park, and Deep Ellum. The immediate vicinity is marked by strong demographic trends, including an 82% population growth and an average household income of $145,892 within a one-mile radius, further bolstering its investment appeal.

The investment thesis for Oak & Ellum is underscored by the property's ability to offer stable cash flow with limited competing supply. The current market conditions imply a significant discount to replacement cost, which positions this asset as a prime candidate for sustained rental growth, fueled by Dallas' thriving employment hubs and corporate relocations. This is a strategic acquisition for investors seeking long-term appreciation and value creation in a dynamic urban market.