3600 California Avenue SW, Seattle, WA 98116
- $2,325,000
- 6,414
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: Westlake Associates, Inc..
- Sold Price
- $2,325,000
- List Price
- $2,500,000
- Status
- SOLD
- MLS#
- 1378091
- Closing Date
- May 01, 2019
- Days on Market
- 125
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 6,414
- Area Total SqFt
- 6414
- Annual Tax Ammount
- 16671
- Lot Size (sq ft)
- 12,500
- Sewer
- Available
Property Description
REDEVELOPMENT POTENTIAL ABOUNDS • 13 Unit Townhome Site • 14+ Unit Condo or Apartment Site • 12,500 square foot corner lot • LR3-RC Zoning • 125’ x 100’ • Potential View Units with Rooftop Deck CLASSIC EXISTING 9 UNIT WITH IMMEDIATE UPSIDE • Anhalt-Style trophy building • Ability to significantly increase NOI • Cash Flow to off-set holding costs • 6 Parking Garages
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Additional Information
- List Date
- 2018-12-27 00:00:00
- Community
- North Admiral
- Net Operating Income
- $129,851
- Gross Adjusted Income
- $187,520
- Gross Scheduled Income
- $193,320
- Total Monthly Income
- $16,110
- Insurance Expenses
- $3,975
- Water/Sewer/Garbage Expenses
- $15,797
- Gross Rent Multiplier
- 14
- Total Expenses
- $57,669
- Cap Rate
- 5.19
- Vacancy Rate
- 3
- Total Number of Units
- 9
- Unit Name
- 3600
- Potential Terms
- Cash Out
- Year Built
- 1928
- Roof
- Composition
- Other Expenses
- 21226
- School District
- Seattle
- Total Monthly Income
- $16,110
- Gross Scheduled Income
- $193,320
- Vacancy Rate
- 3
- Gross Adjusted Income
- $187,520
- Tax Year
- 2018
- Insurance Expense
- $3,975
- W/S/G Expenses
- $15,797
- Total Expenses
- $57,669
- Net Operating Income
- $129,851
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.19
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