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
- ACTIVE
- MLS#
- 1946116
- Days on Market
- 11
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 4,450
- Area Total SqFt
- 4450
- Lot Size (sq ft)
- 7,725
Property Description
Incredible North Admiral location (near Hamilton Viewpoint) for this pristine, classic 5 unit apartment building (over 6,000 gross sq ft) with excellent views of downtown Seattle, Cascade Mountains, & Elliott Bay. Unique 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). 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!
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Additional Information
- List Date
- 2022-06-22 23:10:11
- Community
- North Admiral
- 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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