4000 California Avenue SW, Seattle, WA 98116

$2,875,000
6,137
SqFt

Listing courtesy of Venture Real Estate Group LLC.

List Price
$2,875,000
Status
ACTIVE
MLS#
1848968
Days on Market
62
Style
55 - 5-9 Units
Finished SqFt
6,137
Area Total SqFt
6137
Lot Size (sq ft)
5,750

Property Description

Very clean, turnkey, low maintenance big bldg w/concrete floors & mix of large 1 & 2 bdrm units in popular area of W. Seattle. 6 of 7 units completely updated w/new soft close kitchen cabinets, quartz countertops, SS appliances, new flooring, new combo W&D inside units, new hardware, double pane windows, high end paint job. Long term tenant in 7th unit. Quiet, walking distance of Junction-Restaurants, Shops, & around corner from KC bus routes 50, 55, & 128 w/daily service to Alki Bch, DT Seattle, & Southcenter. Permit ready w/designed studio, ready to convert garage to 8th unit. New pitched torch down roof. New security sys, secure entry, covered pkg, all water heaters on ground fl. Great 1031 l/t invest. Corner lot zoned L3-RC

Additional Information

List Date
2021-10-05 22:27:09
Community
West Seattle
Potential Terms
Cash Out, Conventional
Year Built
1966
View
Territorial
Roof
Torch Down
Site Features
Cable TV, Deck, High Speed Internet
Heating/Cooling Type
Baseboard, Wall
Other Expenses
15161
Energy Source
Electric
School District
Seattle
Elementary School
Genesee Hill Elementary
Middle School
Madison Mid
High School
West Seattle High
Total Monthly Income
$15,419
Gross Scheduled Income
$185,806
Vacancy Rate
5
Gross Adjusted Income
$176,516
Tax Year
2020
Insurance Expense
$3,681
W/S/G Expenses
$7,898
Total Expenses
$45,707
Net Operating Income
$130,808
Cap Rate
4
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