3045 California Avenue SW, Seattle, WA 98116
- $1,950,000
Listing courtesy of Windermere West Metro.
- List Price
- $1,950,000
- Status
- ACTIVE
- MLS#
- 2227994
- Days on Market
- 61
- Annual Tax Ammount
- 7340
Property Description
West Seattle permitted development site in the Admiral District on California Ave SW. This prime location is zoned NC22-55 (M) & is ready to build a 12,331 SF, 5-story, 15-unit apartment building, complete with 1 retail space & 14 residential apartments. California Ave SW is the main thoroughfare for West Seattle connecting the neighborhood's three major hubs The Admiral District, The Alaska Junction & The Morgan Junction. A Walker's Paradise with a score of 92 & in proximity to the 3 major hubs, Alki Beach, shopping, restaurants, & 10 min drive to downtown. An exceptional opportunity for investors & developers to create a thriving community in one of Seattle’s most sought-after neighborhoods.
Additional Information
- Community
- Admiral
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1960
- Roof
- Composition, Flat
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Ceramic Tile, Concrete, Laminate, Wall to Wall Carpet
- Flooring
- Ceramic Tile, Concrete, Laminate, Vinyl, Carpet
- Driving Directions
- Driving west on West Seattle Bridge, take Admiral exit, continue onto SW Admiral Way, turn left at California Ave SW, Property will be on the right hand side.
- Energy Source
- Electric
- Buyer Agency Compensation
- 2.5
- Net Operating Income
- $26,660
- Gross Adjusted Income
- $36,000
- Gross Scheduled Income
- $36,000
- Cap Rate
- 1.24
- Total Expenses
- $9,340
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