WA > Seattle > Gatewood
Seattle, WA 98136,7130 California AVE SW
Seattle, WA 98136,7130 California AVE SW
Seattle, WA 98136,7130 California AVE SW
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Brad Hanks

Brad Hanks

+1(360) 966-6726
Listed by Paragon Real Estate Advisors
$3,300,000
Est. payment /mo
24 Beds
16 Baths
13,120 SqFt
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UPDATED:

09/26/2024 03:10 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 13,120 sqft

Price per Sqft $251

Subdivision Gatewood

MLS Listing ID 2285900

Style 56 - 10+ Units

Bedrooms 24

Year Built 1967

Annual Tax Amount $40,938

Lot Size 0.270 Acres

Property Description

The Haven is a well-located apartment building on California Ave, just south of Morgan Junction, offering a prime opportunity for investors in the vibrant West Seattle market. This asset features a desirable unit mix of 8 generously sized 1BD/1BTH units and 8 spacious sized 2BD/1BTH units, catering to a broad range of potential tenants. The Haven is a great value-add opportunity with a low entry basis of $206,250 per unit and $251 per square foot. Current rents are well below market presenting significant potential to enhance revenue through increased rents, parking fees, utilities charges, pet rents, and further cosmetic upgrades.

Location

State WA

County King

Area 140 - West Seattle

Interior

Fireplace Yes

Exterior

Exterior Feature See Remarks

Waterfront No

View Y/N No

Roof Type Flat

Building

Sewer Sewer Connected

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)
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Brad Hanks

+1(360) 966-6726

Managing Broker | License ID: 73959

Managing Broker License ID: 73959

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