7130 California Ave
Seattle WA 98136
Haven Apartments
7130 California Ave Seattle WA 98136
Listing #: 686250 | Status: Pending | Last Modified: 10/24/2024 |
For Sale
- Phone:(206) 623-8880
- Email:ericsmith@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:
- Agent Phone:(206) 812-9123
- Agent Email:michael@paragonrea.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,300,000.0
- $/SF$ 251.5
- $/Unit$ 3,300,000.0
- Listing StatusPending
- Days on Market84
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income245,940
- Vacancy Factor %0.00%
- Operating Expenses116,282
- Net Operating Income129,658
- CAP Rate 3.93 %
- 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 3.93 %
- Building StatusExisting
- # of Buildings1
- # of Floors4
- # of Units16
- # of Elevators1
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF13120
- Net Rentable Area13120
- Total Office SF
- Largest Contiguous SF
- Lot SF40497
- Acres0.93
- Property TypeMulti-Family
- Office Type
- Building ClassB
- CountyKing
- VicinityGatewood
- Location Description
- Second Address
- Cross Street
- Market AreaWest Seattle
- Tax ID #4317700005
- Additional Parcels2324039081, 7625704470
- ZoningLR2(M)
- # Covered Spaces0
- # Uncovered Spaces15
- Total Parking Spots15
- Parking Ratio
- Year Built1967
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed, Stucco, Wood
Haven Apartments
We are pleased to announce the exclusive listing of the Haven Apartments. The Haven is a well-located apartment building on California Ave, just south of Morgan Junction, offering a prime opportunity for investors in the vibrant West Seattle market. This asset features a desirable unit mix of 8 generously sized 1BD/1BTH units and 8 spacious sized 2BD/1BTH units, catering to a broad range of potential tenants. The Haven is a great value-add opportunity with a low entry basis of $206,250 per unit and $251 per square foot. Current rents are well below market presenting significant potential to enhance revenue through increased rents, parking fees, utilities charges, pet rents, and further cosmetic upgrades. The offering presents the opportunity for a buyer to get to a 7.6% market cap rate b
