6553 California Avenue SW, Seattle, WA 98136
- $2,900,000
- 8,406
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $2,900,000
- Status
- ACTIVE
- MLS#
- 2285962
- Days on Market
- 11
- Style
- 55 - 5-9 Units
- Finished SqFt
- 8,406
- Area Total SqFt
- 8406
- Annual Tax Ammount
- 27257
- Lot Size (sq ft)
- 7,454
- Sewer
- Sewer Connected
Property Description
The Holly Court is a meticulously maintained apartment building with significant rental upside and prime retail frontage on California Ave. This property features seven well-appointed residential units and two retail spaces, all complemented by ten open parking stalls. The owners have taken exceptional care of the building, recently remodeling units 3, 4, 6, and 7 with no expense spared as unit 6 and 7 were at one-point owner-occupied units. The property’s appeal is further enhanced by its stable retail tenants benefiting from high-visibility street frontage and the convenience of in-unit washer/dryers in all residential units.
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Additional Information
- List Date
- 2024-09-04 16:58:11
- Community
- Gatewood
- Net Operating Income
- $149,801
- Gross Adjusted Income
- $225,086
- Gross Scheduled Income
- $229,680
- Total Monthly Income
- $19,140
- Insurance Expenses
- $7,380
- Water/Sewer/Garbage Expenses
- $16,430
- Gross Rent Multiplier
- 12.62
- Total Expenses
- $75,285
- Cap Rate
- 5.17
- Vacancy Rate
- 2
- Total Number of Units
- 9
- Unit Name
- 6553
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1986
- Roof
- Flat
- Other Expenses
- 24218
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $19,140
- Gross Scheduled Income
- $229,680
- Vacancy Rate
- 2
- Gross Adjusted Income
- $225,086
- Tax Year
- 2024
- Insurance Expense
- $7,380
- W/S/G Expenses
- $16,430
- Total Expenses
- $75,285
- Net Operating Income
- $149,801
- Gross Rent Multiplier
- 12.62
- Cap Rate
- 5.17
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