Seattle,
Washington WA98136
With clean and cool mid-century architecture, the Westernaire sits proudly on a 10,000 square foot corner lot just one block from California Ave in a wonderful West Seattle location. On the market for the first time in over 30 years, the Westernaire features a total of 28 apartments with 27, one-bedroom units and 1, larger two-bedroom unit. The property has been well-maintained and managed by the current local owners with a focus on stability and low-turnover and is perfectly positioned for new ownership that wants a stable, turn-key asset or a value-add property to renovate and “reposition”.
Listing ID2039855
Price$5,250,000
StatusActive
SqFt
11,284
Acres
0.230
CountyKing
SubdivisionWest Seattle
Year Built1956
Property TypeResidential Income
Property Sub TypeMulti-Family
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
West Seattle
Year Built
1956
Building Area Units
Square Feet
Furnished
Unfurnished
Living Area Units
Square Feet
Stories Total
3
Elevation Units
Feet
Exterior Features
Stucco, Wood
Lot Size Square Feet
10000
Lot Size Units
Square Feet
MLS Lot Size Source
King County
Number Of Units Total
28
Roof
Flat
Sewer
Sewer Connected
Structure Type
Multi Family
Style Code
56 - 10+ Units
Units Below Grade
false
Units In Building Total
28
Water Sewer Garbage
28675
Building Area Total
11284
Country
US
High School District
Seattle
MLS Area Major
140 - West Seattle
Waterfront
no
Zoning Jurisdiction
City
Amenities
Coin Op Laundry,Storage
Mls Status
Active
Offers
Seller intends to review offers upon receipt
Power Production Type
Electric
Preliminary Title Ordered
yes
Show Map Link
yes
Cap Rate
5.71
Gross Adjusted Income
442491
Gross Rent Multiplier
11.27
Gross Scheduled Income
465780
Insurance Expense
6454
Leasable Area
11284
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
299699
Other Expense
66640
Possession
Closing
Sale Type
MLS
Seller Disclosure
Not Provided
Special Listing Conditions
None
Tax Annual Amount
41023
Tax Year
2023
Total Expenses
142792
Total Monthly Income
32040
Vacancy Rate
5
4201 SW Graham Street Seattle, WA 98136
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