5430 California Avenue SW Unit #1CU, Seattle, WA 98136

$1,299,000

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Listing courtesy of John L. Scott Vashon.

List Price
$1,299,000
Status
ACTIVE
MLS#
2580921
Days on Market
0
Annual Tax Ammount
12444
Internet Provider
Xfinity

Property Description

Meticulously restored/renovated historic Craftsman with unique architectural features is an common areas include waiting room, break area, kitchen and bathrooms.Located on the popular California Avenue in West Seattle, this 2,269 SF Craftsman-style office building contains seven individual office suites, a shared kitchen, and two bathrooms. The offices are served the first floor living room which doubles as very comfortable waiting room. Each suite has its own character and appeal, making the property well-suited for a range of professional tenants. Additional features include nearly 1,000 SF of climate-controlled basement storage, three covered and secured parking stalls, a new ductless heating and AC system, full sprinklers, and ADA compliance. The HOA fee covers water, sewer, garbage, recycling, common area maintenance, exterior irrigation, earthquake and fire insurance, and reserves. The total rent reflects all seven offices, three parking spaces, and two storage units. A solid opportunity for an investor or owner-user seeking immediate cash flow with great potential.

Additional Information

Community
Alaska Junction
Building Condition
Good
Style
73 - Office
Year Built
2000
# of Assigned Spaces
3
Roof
Composition
Tax Year
2026
HOA Dues
$893
Potential Terms
Cash, Conventional, Owner Will Carry, See Remarks
Flooring
Hardwood
Driving Directions
GPS Friendly. On East side of California Ave. Park on street or pay to park in the parking lot next door.
Electric Expenses
2748
Other Expenses
11652
Energy Source
Electric
Net Operating Income
$70,680
Gross Adjusted Income
$105,804
Gross Scheduled Income
$120,300
Cap Rate
5
Total Expenses
$27,780
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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