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Merz Apartments
5952 California Ave SW Seattle WA 98136
Listing #: 707583 | Status: Available | Last Modified: 3/3/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 804,408 |
| Vacancy Factor % | 6.57% |
| Operating Expenses | 250,186 |
| Net Operating Income | 501,396 |
| CAP Rate | 5.28 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 5.278 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 5 |
| # of Units | 44 |
| # of Elevators | 1 |
| Total Building SF | 13,225 SF |
| Net Rentable Area | 13,225 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 7,500 SF |
| Acres | 0.17 |
| Year Built | 2024 |
| Sprinklers | Yes |
| Construction Type | Concrete, Framed |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Building Class | C |
| Location | |
|---|---|
| County | King |
| Cross Street | SW Raymond St |
| Market Area | West Seattle |
| Tax ID # | 7625702425 |
| Zoning | LR3-RC(M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 5 |
| # Uncovered Spaces | -5 |
| Total Parking Spots | 0 |
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.
Merz Apartments
5952 California Ave SW Seattle WA 98136
Listing #: 707583 | Status: Available | Listing Date: 1/26/2026 | Last Modified: 3/3/2026 | Email Listing
For Sale
Merz Apartments
