5631 California Avenue SW, Seattle, WA 98136

$7,700,000
19,564
SqFt

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Courtesy of Paragon Real Estate Advisors

List Price
$7,700,000
Status
ACTIVE
Days on Market
7
MLS#
2558493
Subtype
Residential Income
Style
56 - 10+ Units
Year Built
1980
Living Area
19,564
Lot Size
15,000
Acres
0.34
Subdivision
Alaska Junction
Neighborhood
Alaska Junction
MLS Area Major
West Seattle

Property Description

Fully renovated, turnkey mixed-use asset located in the heart of the West Seattle Junction, The EOS consists of 15 luxury apartments situated above four fully leased retail spaces, offering a diversified income stream in a premier urban location. All 2BD units with W/D, balconies, and modern interior finishes. 17 open and covered residential parking spaces located at the rear of the building and 8 open commercial parking spaces at the front of the property. Built in 1980 and renovated, EOS offers investors a true turnkey ownership opportunity with a low maintenance profile. The building features an elevator, renovated formal lobby, Amazon package lockers, copper plumbing, newer lower roof, and freshly upgraded common areas. Located just steps from the West Seattle Junction’s premier restaurants, shops, and cafes, this asset is priced at an in-place 6.00 percent cap rate, providing strong in place cash flow with long term value growth driven by transit-oriented development

Additional Information

Amenities
Elevator, See Remarks, Thermal Windows
Exterior Features
Cement/Concrete, Stone
Property Description
56 - 10+ Units
Flooring
Engineered Hardwood, Laminate, Vinyl Plank, Carpet
Heating
Baseboard
Air Conditioning
None
Roof
Flat
School District
Seattle
Based on information submitted to the MLS GRID as of . 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.
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Calculator source: Real Geeks