4054 California Avenue SW, Seattle, WA 98116
- $1,860,000
- 4,640
- SqFt
Listing courtesy of Windermere West Metro. Selling Office: Keller Williams Seattle Metro.
- Sold Price
- $1,860,000
- List Price
- $1,950,000
- Status
- SOLD
- MLS#
- 1789494
- Closing Date
- Dec 16, 2021
- Days on Market
- 47
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 4,640
- Area Total SqFt
- 4640
- Annual Tax Ammount
- 12965
- Lot Size (sq ft)
- 5,750
- Sewer
- Sewer Connected
Property Description
Amazing Alaska Junction 100% Occupied Mixed Use Investment Property in the heart of West Seattle. The building has been well cared for w/ little to no deferred maintenance including beautiful landscaping, new siding, new windows, paint, newer roof, & much more. It is rare that a mixed use building like this comes to market in this location boasting 4 apartments & commercial office unit w/ frontage on California Ave which is occupied with a long term national tenant. It is a Walker's Paradise with a Walk Score of 96 & within steps to parks, shopping, & restaurants including Easy Street, Shadowlands, Cupcake Royale, Husky Deli, Elliot Bay Brewery, Jak's, & so much more.
Additional Information
- List Date
- 2021-10-30 00:00:00
- Community
- Alaska Junction
- Net Operating Income
- $83,089
- Gross Adjusted Income
- $112,416
- Gross Scheduled Income
- $117,100
- Total Monthly Income
- $9,450
- Insurance Expenses
- $2,202
- Water/Sewer/Garbage Expenses
- $7,505
- Gross Rent Multiplier
- 16
- Total Expenses
- $29,327
- Cap Rate
- 4.27
- Vacancy Rate
- 4
- Total Number of Units
- 5
- Unit Name
- 4054
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1977
- Roof
- Flat
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet
- Electric Expenses
- 70
- Other Expenses
- 6585
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Genesee Hill Elementary
- Middle School
- Madison Mid
- High School
- West Seattle High
- Total Monthly Income
- $9,450
- Gross Scheduled Income
- $117,100
- Vacancy Rate
- 4
- Gross Adjusted Income
- $112,416
- Tax Year
- 2021
- Insurance Expense
- $2,202
- W/S/G Expenses
- $7,505
- Total Expenses
- $29,327
- Net Operating Income
- $83,089
- Gross Rent Multiplier
- 16
- Cap Rate
- 4.27
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