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Haven Apartments
7130 California Ave Seattle WA 98136
Listing #: 686250 | Status: Pending | Last Modified: 10/24/2024
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 245,940 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 116,282 |
| Net Operating Income | 129,658 |
| CAP Rate | 3.93 % |
| 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 | 3.929 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 4 |
| # of Units | 16 |
| # of Elevators | 1 |
| Total Building SF | 13,120 SF |
| Net Rentable Area | 13,120 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 40,497 SF |
| Acres | 0.93 |
| Year Built | 1967 |
| Construction Type | Framed, Stucco, Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Building Class | B |
| Location | |
|---|---|
| County | King |
| Vicinity | Gatewood |
| Market Area | West Seattle |
| Tax ID # | 4317700005 |
| Zoning | LR2(M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 15 |
| Total Parking Spots | 15 |
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
Haven Apartments
7130 California Ave Seattle WA 98136
Listing #: 686250 | Status: Pending | Listing Date: 9/3/2024 | Last Modified: 10/24/2024 | Email Listing
For Sale
Haven Apartments
