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(253) 209-4200
Real Estate Company
4017 California Avenue SW, Seattle, WA 98116
- $1,650,000
- 3,949
- SqFt
Listing Broker: Windermere West Metro; Bill Reid; 206-852-6293; billreidre@gmail.com
- List Price
- $1,650,000
- Status
- ACTIVE
- MLS#
- 2602335
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 3,949
- Area Total SqFt
- 3949
- Annual Tax Ammount
- 14704
- Lot Size (sq ft)
- 5,750
- Sewer
- Sewer Connected
Property Description
Excellent investment opportunity to own a well-located 6-unit multifamily property on California Avenue, situated just minutes from the Junction. Known as The Lori Dee, this classic two-story building features highly desirable, spacious layouts where each unit boasts its own private deck or patio surrounded by beautifully maintained landscaping. The property has been extensively modernized with major capital expenditures already completed, including a new roof, updated electrical panels, comprehensive PEX plumbing, and a new sewer liner to the main line connection. With all kitchens and bathrooms updated over the last ten years and the entire property meticulously maintained, it offers an investor immediate turnaround value with minimal upcoming CapEx. Additionally, tenants benefit from the premium convenience of six off-street parking spaces accessible via a clean, paved alley and also storage units & in unit washer/dryers.
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Additional Information
- Community
- Alaska Junction
- Net Operating Income
- $104,011
- Gross Adjusted Income
- $104,011
- Gross Scheduled Income
- $135,600
- Total Monthly Income
- $11,300
- Insurance Expenses
- $5,083
- Water/Sewer/Garbage Expenses
- $11,295
- Gross Rent Multiplier
- 12.16
- Total Expenses
- $31,589
- Cap Rate
- 6.3
- Total Number of Units
- 6
- Unit Name
- 4017
- Potential Terms
- Cash, Conventional
- Year Built
- 1966
- Roof
- Torch Down
- Site Features
- Cable TV, Deck, High Speed Internet, Patio
- Electric Expenses
- 507
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $11,300
- Gross Scheduled Income
- $135,600
- Gross Adjusted Income
- $104,011
- Tax Year
- 2026
- Insurance Expense
- $5,083
- W/S/G Expenses
- $11,295
- Total Expenses
- $31,589
- Net Operating Income
- $104,011
- Gross Rent Multiplier
- 12.16
- Cap Rate
- 6.3
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.