5952 California Ave SW
Seattle WA 98136
Merz Apartments
5952 California Ave SW Seattle WA 98136
Listing #: 707583 | Status: Available | Last Modified: 3/3/2026 |
For Sale
- Phone:(425) 736-5516
- Email:matt.laird@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(425) 681-7695
- Agent Email:winslow.lee@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 10,500,000.0
- $/SF$ 794.0
- $/Unit$ 10,500,000.0
- Listing StatusAvailable
- Days on Market97
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income804,408
- Vacancy Factor %6.57%
- Operating Expenses250,186
- Net Operating Income501,396
- CAP Rate 5.28 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 5.28 %
- Building StatusExisting
- # of Buildings1
- # of Floors5
- # of Units44
- # of Elevators1
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF13225
- Net Rentable Area13225
- Total Office SF
- Largest Contiguous SF
- Lot SF7500
- Acres0.17
- Property TypeMulti-Family
- Office Type
- Building ClassC
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross StreetSW Raymond St
- Market AreaWest Seattle
- Tax ID #7625702425
- Additional Parcels
- ZoningLR3-RC(M)
- # Covered Spaces5
- # Uncovered Spaces-5
- Total Parking Spots0
- Parking Ratio
- Year Built2024
- Year Renovated
- Completion Date
- Roof Type
- SprinklersYes
- Construction TypeConcrete, Framed
Merz Apartments
Located along the highly walkable California Avenue corridor, this West Seattle asset offers immediate access to top shops, cafés, Lincoln Park, beaches, trails, and transit—plus the full suite of neighborhood amenities. Residents enjoy exceptional common-area features including an artfully designed lobby with private patio, a rooftop deck with water and mountain views, secure smart-controlled access, pet run and wash station, landscape lighting, and EV-ready parking. Units are thoughtfully designed with open, functional layouts and elevated finishes—high-end appliances, in-unit washer/dryers, fast-charge USB outlets, custom cabinetry, vaulted ceilings, and scenic views. Strong in-place operations provide immediate, reliable cash flow, positioning the property as an ideal 1031 exchange op
Fully permitted to build 35 units, 29 SEDUs and 6 1-bdrms. Potential to build up to 9 townhomes.
