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!
Listing ID2056994
Price$1,850,000
StatusActive
SqFt
4,450
Acres
0.177
CountyKing
SubdivisionNorth Admiral
Year Built1912
Property TypeResidential Income
Property Sub TypeMulti-Family
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
Show Map Link
yes
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
1330 California Avenue SW Seattle, WA 98116
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.
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