1706 California Avenue SW, Seattle, WA 98116

$1,650,000
7,704
SqFt

Listing courtesy of Windermere R.E. Wall St. Inc.. Selling Office: Paragon Real Estate Advisors.

Sold Price
$1,650,000
List Price
$1,900,000
Status
SOLD
MLS#
1376933
Closing Date
Apr 30, 2019
Days on Market
112
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
7,704
Area Total SqFt
7704
Annual Tax Ammount
16046
Lot Size (sq ft)
5,500
Sewer
Sewer Connected

Property Description

Amazing opportunity. Custom built North Admiral building with five large 1-bedroom units & full floor penthouse owner unit boasting expansive views of the city & Cascades. Strong, long term tenancy. 3 garage spaces, 3 parking spots. Finished additional room for possible extra living space. Coin-op laundry room with storage spaces. Elevator, secured building entry. Attractive boutique property or owner-occupied investment. Walkable to shopping, entertainment & transit. Income upside.

Additional Information

List Date
2019-01-08 00:00:00
Community
North Admiral
Net Operating Income
$58,652
Gross Adjusted Income
$87,780
Gross Scheduled Income
$92,400
Total Monthly Income
$7,700
Insurance Expenses
$1,932
Water/Sewer/Garbage Expenses
$2,834
Gross Rent Multiplier
20
Total Expenses
$29,128
Cap Rate
3
Vacancy Rate
3
Total Number of Units
6
Unit Name
1706
Potential Terms
Cash Out, Conventional
Year Built
1976
View
City, Mountain(s), Territorial
Roof
Flat
Site Features
Cable TV, Deck, Fenced-Partially, Patio, Shop
Electric Expenses
657
Other Expenses
7659
School District
Seattle
Elementary School
Lafayette
Middle School
Madison Mid
High School
West Seattle High
Total Monthly Income
$7,700
Gross Scheduled Income
$92,400
Vacancy Rate
3
Gross Adjusted Income
$87,780
Tax Year
2018
Insurance Expense
$1,932
W/S/G Expenses
$2,834
Total Expenses
$29,128
Net Operating Income
$58,652
Gross Rent Multiplier
20
Cap Rate
3
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