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Listed by:Paragon Real Estate Advisors • Tanner Fogle
$ 7,700,000
Est. payment /mo
New
5631 California AVE SW Seattle, WA 98136
30 Beds
29 Baths
19,564 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 19,564 sqft
Price per Sqft $393
Subdivision Alaska Junction
MLS Listing ID 2558493
Style 56 - 10+ Units
Bedrooms 30
Year Built 1980
Annual Tax Amount $67,918
Lot Size 0.344 Acres
Property Sub-Type Multi Family
Property Description
Fully renovated, turnkey mixed-use asset located in the heart of the West Seattle Junction, The EOS consists of 15 luxury apartments situated above four fully leased retail spaces, offering a diversified income stream in a premier urban location. All 2BD units with W/D, balconies, and modern interior finishes. 17 open and covered residential parking spaces located at the rear of the building and 8 open commercial parking spaces at the front of the property. Built in 1980 and renovated, EOS offers investors a true turnkey ownership opportunity with a low maintenance profile. The building features an elevator, renovated formal lobby, Amazon package lockers, copper plumbing, newer lower roof, and freshly upgraded common areas. Located just steps from the West Seattle Junction's premier restaurants, shops, and cafes, this asset is priced at an in-place 6.00 percent cap rate, providing strong in place cash flow with long term value growth driven by transit-oriented development
Location
State WA
County King
Area 140 - West Seattle
Interior
Flooring Engineered Hardwood, Laminate, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete, Stone
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.