3045 California Avenue SW, Seattle, WA 98116
- $1,950,000
Listing courtesy of Windermere Real Estate Midtown.
- List Price
- $1,950,000
- Status
- ACTIVE
- MLS#
- 2264477
- Days on Market
- 195
- Annual Tax Ammount
- 7340
Property Description
West Seattle permitted development site in the Admiral District on California Ave SW. This prime location is zoned NC22-55 (M) & is ready to build a 12,331 SF, 5-story, 15-unit apartment building, complete with 1 retail space & 14 residential apartments. California Ave SW is the main thoroughfare for West Seattle connecting the neighborhood's three major hubs The Admiral District, The Alaska Junction & The Morgan Junction. A Walker's Paradise with a score of 92 & in proximity to the 3 major hubs, Alki Beach, shopping, restaurants, & 10 min drive to downtown. An exceptional opportunity for investors & developers to create a thriving community in one of Seattle’s most sought-after neighborhoods.
Additional Information
- Community
- West Seattle
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1960
- Roof
- Composition, Flat
- Potential Terms
- Cash Out, Conventional, See Remarks
- Interior Features
- Ceramic Tile, Concrete, Laminate, Wall to Wall Carpet
- Flooring
- Ceramic Tile, Concrete, Laminate, Vinyl, Carpet
- Driving Directions
- Permits are in hand and ready to go. Drawings and permits are available for qualified buyers. Short term tenants pay $36,000 per year and are aware they will need to vacate when necessary. Please do n
- Energy Source
- Electric
- Buyer Agency Compensation
- 2.5
- Net Operating Income
- $26,660
- Gross Scheduled Income
- $36,000
- Cap Rate
- 124
- Total Expenses
- $9,340
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.