1330 California Avenue SW

Seattle, Washington WA98116

Classic, pristine 5 unit apartment building in Amazing, Sought after North Admiral area with ability for great owners unit (over 2000 sq ft). Incredible views of downtown Seattle, Cascade Mountains & Elliott Bay. Unique unit layouts include: very large 2 plus bed unit, three 1 bed units & a studio. Plus separate laundry room, detached one car garage & sited on a large oversized street-to-street lot (7,725 sq ft). Prime North Admiral location just steps to Hamilton Viewpoint & 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!

About This Property

Listing ID2056994
SqFt 4,450
Acres 0.177
SubdivisionNorth Admiral
Year Built1912
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision North Admiral
Year Built 1912
Building Area Units Square Feet
Flooring Ceramic Tile, Engineered Hardwood, Carpet
Furnished Unfurnished
Interior Features Ceramic Tile, Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 2
Covered Spaces 1
Elevation Units Feet
Exterior Features Metal/Vinyl
Foundation Details Poured Concrete
Lot Features Curbs, Paved, Sidewalk
Lot Size Square Feet 7725
Lot Size Units Square Feet
MLS Lot Size Source KCR
Number Of Units Total 5
Open Parking Spaces 1
Parking Total 1
Parking Uncovered Spaces 1
Roof Composition
Sewer Sewer Connected
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade false
Units In Building Total 5
Water Sewer Garbage 6000
Water Source Public
Building Area Total 4450
Country US
High School District Seattle
MLS Area Major 140 - West Seattle
View Bay, City, Mountain(s), Sound
Waterfront no
Zoning Class Residential
Amenities Basement,Coin Op Laundry,See Remarks
Effective Year Built Source Public Records
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Residential
Power Production Type Natural Gas
Preliminary Title Ordered yes
Property Condition Good
Site Features Deck, Patio
Year Built Effective 1987
Cap Rate 3.34
Electric Expense 2100
Fuel Expense 2083
Gross Adjusted Income 95004
Gross Rent Multiplier 19
Gross Scheduled Income 95004
Insurance Expense 5586
Leasable Area 4450
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 61863
Other Expense 5600
Possession See Remarks, Tenant's Rights
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 11772
Tax Year 2023
Total Expenses 33141
Total Monthly Income 7917

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1330 California Avenue SW Seattle, WA 98116

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The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2023 NWMLS. All rights reserved. Data last updated: Thursday, June 1st, 2023 09:34:54 PM.
Active Listing courtesy of Berkshire Hathaway HS NW
Active Listing courtesy of Berkshire Hathaway HS NW
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