6900 California Ave SW
Seattle WA 98136

California Court

6900 California Ave SW Seattle WA 98136

Listing #: 677055 | Status: Pending | Last Modified: 4/26/2024 |

For Sale
Ryan Iles
  • Phone:(206) 812-9119
  • Email:ryan@paragonrea.com
  • Office Name:Paragon Real Estate Advisors
  • Office Phone:(206) 623-8880
  • Office Website:
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 6,600,000.0
  • $/SF$ 359.5
  • $/Unit$ 275,000.0
  • Listing StatusPending
  • Days on Market89
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income512,800
  • Vacancy Factor %3.00%
  • Operating Expenses177,992
  • Net Operating Income319,424
  • CAP Rate 5.07 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units24
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 5.07 %
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors4
  • # of Units24
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF18360
  • Net Rentable Area18360
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF17860
  • Acres0.41
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyKing
  • VicinityWest Seattle
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaWest Seattle
  • Tax ID #3869900055
  • Additional Parcels
  • ZoningLR3(M)
Parking Information
  • # Covered Spaces4
  • # Uncovered Spaces24
  • Total Parking Spots28
  • Parking Ratio
Construction
  • Year Built1990
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeFramed, Wood

California Court Apartments

Public Comments

For sale California Court; a 24-unit, value-add apartment community in an ideal West Seattle location. Built in 1990 and under the same owner¬ship since 1992, California Court is an attractive garden style community consisting of three, connected buildings on a spacious 18,000 square foot lot. There is an even mix of (12) one-bedroom and (12) two-bedroom apartments with spacious floor plans and complete appliance packages including washer/dryers. The buildings have elevator service and secure, intercom entry into the shared community areas and walkways. Wonderful water, mountain and territorial views can be seen from upper-level units and open-air breezeway corridors. The property has been well-maintained and managed by the current local owners with a focus on stability and low-turnover

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