5916 California Avenue SW, Seattle, WA 98136
- $1,600,000
- 5,156
- SqFt
Listing courtesy of KW Everett.
- List Price
- $1,600,000
- Status
- ACTIVE
- MLS#
- 2576278
- Days on Market
- 1
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,156
- Area Total SqFt
- 5156
- Annual Tax Ammount
- 17162
- Lot Size (sq ft)
- 6,750
- Sewer
- Sewer Connected
Property Description
Rare value-add opportunity in the heart of West Seattle's Admiral District. This 8-unit multifamily property sits on a 6,750 SF LR3 RC (M) zoned lot in a designated Urban Village — with permits already in hand to expand to 10 units. Renovate the existing 1969-built structure and capture immediate rent upside, or leverage approved plans to rebuild and maximize density. Solid poured-concrete foundation, on-site parking for 8 vehicles, and Puget Sound views from upper units add lasting value regardless of path chosen. With Seattle's One Seattle Comprehensive Plan and pending Centers and Corridors legislation positioning Admiral District for continued growth, this is a rare entry point for investors seeking income today and upside tomorrow. Offered at $1,600,000. *Some pics prior to current remodel*
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Additional Information
- List Date
- 2026-08-31 18:26:16
- Community
- Seaview
- Net Operating Income
- $207,600
- Gross Adjusted Income
- $190,438
- Gross Scheduled Income
- $207,600
- Total Monthly Income
- $17,300
- Gross Rent Multiplier
- 7.7
- Total Expenses
- $17,162
- Cap Rate
- 6.9
- Total Number of Units
- 8
- Unit Name
- 5916
- Potential Terms
- Cash, Conventional
- Year Built
- 1969
- View
- Mountains, Partial, Sound, Territorial
- Roof
- Flat, Torch Down
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Gatewood
- Middle School
- Madison Mid
- High School
- West Seattle High
- Total Monthly Income
- $17,300
- Gross Scheduled Income
- $207,600
- Gross Adjusted Income
- $190,438
- Tax Year
- 2025
- Total Expenses
- $17,162
- Net Operating Income
- $207,600
- Gross Rent Multiplier
- 7.7
- Cap Rate
- 6.9
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.