4138 California Avenue SW
Seattle,
Washington WA98116
Mid-Century Mixed-Use West Seattle Multifamily + Office + Street Retail under the same owner since 1986. The 4 Multifamily units are fully leased, and Street Retail is perfect for Owner / User / Investor. Street retail in the West Seattle market is under supplied and high demand. The perfect building for the early investor that is looking to jump to Commercial Property with development upside or the seasoned investor that knows the ‘prime’ West Seattle Junction micro market.
Listing ID1981288
Sold For$2,350,000
StatusClosed
Sold Date10/28/2022
SqFt
4,896
Acres
0.132
CountyKing
SubdivisionAlaska Junction
Year Built1960
Property TypeResidential Income
Property Sub TypeMulti-Family
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Alaska Junction
Year Built
1960
Building Area Units
Square Feet
Furnished
Unfurnished
Heating Cooling Type
Baseboard
Living Area Units
Square Feet
Stories Total
2
Elevation Units
Feet
Exterior Features
Cement/Concrete, Stucco
Lot Size Square Feet
5750
Lot Size Units
Square Feet
MLS Lot Size Source
King County Assessor
Number Of Units Total
4
Open Parking Spaces
5
Parking Total
5
Parking Uncovered Spaces
5
Roof
Torch Down
Sewer
Sewer Connected
Structure Type
Quadruplex
Style Code
54 - 4-Plex
Units Below Grade
false
Units In Building Total
4
Utilities
Sewer Connected, Electricity Available
Water Sewer Garbage
9713
Building Area Total
4896
Country
US
High School District
Seattle
MLS Area Major
140 - West Seattle
Waterfront
no
Zoning Class
Multi-Family,Office,Retail,See Remarks
Zoning Jurisdiction
City
Effective Year Built Source
Public Records
First Right Of Refusal
no
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Possible Use
Multi-Family, Office, Retail, See Remarks
Power Production Type
Electric
Preliminary Title Ordered
yes
Show Map Link
yes
Year Built Effective
1980
Buyer Financing
Conventional
Cap Rate
4.48
Electric Expense
1812
Fuel Expense
1646
Gross Adjusted Income
151328
Gross Rent Multiplier
16.5
Gross Scheduled Income
151328
Leasable Area
4896
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
112144
Other Expense
11047
Possession
Closing
Sale Type
MLS
Seller Disclosure
Not Provided
Special Listing Conditions
None
Tax Annual Amount
14966
Tax Year
2022
Total Expenses
39184
Total Monthly Income
12610
4138 California Avenue SW Seattle, WA 98116
Based on information submitted to the MLS GRID as of Thursday, March 28th, 2024 04:47:49 PM. 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-primaryPhoto,#idx-details-headerClosed
Closed Listing courtesy of Westlake Associates, Inc.
Listing sold by Keller Williams Seattle Metro
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Closed Listing courtesy of Westlake Associates, Inc.
Listing sold by Keller Williams Seattle Metro