1330 California Avenue SW, Seattle, WA 98116

$1,850,000
4,450
SqFt

Listing courtesy of Berkshire Hathaway HS NW.

List Price
$1,850,000
Status
CONTINGENT
MLS#
1946116
Days on Market
157
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
4,450
Area Total SqFt
4450
Annual Tax Ammount
12094
Lot Size (sq ft)
7,725
Sewer
Sewer Connected

Property Description

Classic, pristine 5 unit apartment building with incredible views of downtown Seattle, Cascade Mountains & Elliott Bay. Unique unit layouts include: very large 2 plus bed unit (could be great for owner), three 1 bed units & a studio. Plus separate laundry room, detached one car garage & sited on a large street-to-street lot (7,725 sq ft). Prime North Admiral location just steps to Hamilton Viewpoint & convenient to beach, parks, restaurants & water taxi. Long term tenant situation with significant upside by bringing rents to market levels, &/or "curb the market" by living in the owner unit & having additional income. Very unique opportunity!

Additional Information

List Date
2022-06-22 21:27:10
Community
North Admiral
Net Operating Income
$57,041
Gross Adjusted Income
$90,504
Gross Scheduled Income
$90,504
Total Monthly Income
$7,542
Insurance Expenses
$5,586
Water/Sewer/Garbage Expenses
$6,000
Gross Rent Multiplier
20
Total Expenses
$33,463
Cap Rate
3.1
Total Number of Units
5
Unit Name
1330
Potential Terms
Cash Out
Year Built
1912
View
Bay, City, Mountain(s), Sound
Roof
Composition
Site Features
Cable TV, Deck, Patio
Heating/Cooling Type
Radiator
Electric Expenses
2100
Other Expenses
5600
Energy Source
Natural Gas
School District
Seattle
Total Monthly Income
$7,542
Gross Scheduled Income
$90,504
Gross Adjusted Income
$90,504
Tax Year
2022
Insurance Expense
$5,586
W/S/G Expenses
$6,000
Total Expenses
$33,463
Net Operating Income
$57,041
Gross Rent Multiplier
20
Cap Rate
3.1
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