4847 California Ave - Apartments CONDO FOR SALE


Seattle, WA 98116- Junction
$1,300,000 USD
206-999-9161
4847 California Ave, Seattle, WA for Sale
$1,300,000 USD
Apartments CONDO - FOR SALE
1/10
null | 5.07% Cap Rate

4847 California Ave
Seattle, WA 98116
Junction


HIGHLIGHTS

  • 2,415 SF commercial office condo in the heart of West Seattle's Alaska Junction
  • 12+ ft ceilings, fully sprinklered, air conditioned, 4 deeded parking stalls & a 200+ SF deeded storage unit located across the hall from the unit
  • Currently configured with 4 private offices, large conference room, 2 private restrooms, kitchenette and break area
  • Over 96 feet of street frontage on California Ave SW
  • Currently leased to two long-term tenants at below market rate rent
  • Owner has the ability to terminate one or both of the leases w/ 6-months notice - or do nothing & continue to collect over $65,850/Yr w/ ann. increase

OVERVIEW

Rare ability for a new owner to terminate all, or a portion of the leased space, to make the unit work for their square footage needs. Alternatively, a new owner can also do nothing and continue to collect income from steady long-term tenants.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$538 USD /SF

CAP RATE

5.07%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

32,000 SF

STORIES

5

BUILDING CLASS

C

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

NC2-75 (M)

APN/PARCEL ID

769740-0310

ASK ABOUT THIS PROPERTY

Lauren HendricksWindermere CommercialMore Info
206-999-9161

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Lauren HendricksWindermere CommercialMore Info
206-999-9161

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.