6553 California Ave SW
Seattle WA 98136
Holly Court
6553 California Ave SW Seattle WA 98136
Listing #: 686261 | Status: Pending | Last Modified: 9/25/2024 |
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$ 2,900,000.0
- $/SF$ 345.0
- $/Unit$ 2,900,000.0
- Listing StatusPending
- Days on Market25
- Asset ClassRetail, Office, Multi-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income225,086
- Vacancy Factor %2.00%
- Operating Expenses75,285
- Net Operating Income145,299
- CAP Rate 5.17 %
- 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
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- CAP Rate 5.17 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units9
- # of Elevators0
- Clearance Height Min0
- Clearance Height Max
- Bay Depth
- Total Building SF8406
- Net Rentable Area8406
- Total Office SF1900
- Largest Contiguous SF
- Lot SF7454
- Acres0.17
- Property TypeMulti-Family
- Office TypeOther
- Building ClassC
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNot Assigned
- Tax ID #5637500005|2
- Additional Parcels
- ZoningNC3-55 (M1)
- # Covered Spaces0
- # Uncovered Spaces10
- Total Parking Spots10
- Parking Ratio\
- Year Built1985
- Year Renovated0
- Completion Date
- Roof Type
- SprinklersYes
- Construction Type
Holly Court
We are pleased to present The Holly Court, a premier investment opportunity in West Seattle. The Holly Court is a meticulously maintained apartment building with significant rental upside and prime retail frontage on California Ave. This property features seven well-appointed residential units and two retail spaces, all complemented by ten open parking stalls. The owners have taken exceptional care of the building, recently remodeling units 3, 4, 6, and 7 with no expense spared as unit 6 and 7 were at one-point owner-occupied units. The property’s appeal is further enhanced by its stable retail tenants benefiting from high-visibility street frontage and the convenience of in-unit washer/dryers in all residential units. Currently, Unit 6 commands a rental rate of $2,600 as of August 2024,
Good frontage on Calif. Skylights
