Bought with Paragon Real Estate Advisors
$2,870,000
$3,300,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
7130 California AVE SW Seattle, WA 98136
24 Beds
16 Baths
13,120 SqFt
Key Details
Sold Price $2,870,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,120 sqft
Price per Sqft $218
Subdivision Gatewood
MLS Listing ID 2285900
Sold Date 01/10/25
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 false
Exterior
Exterior Feature See Remarks
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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