Property Details

5631 California Ave SW

Seattle, WA 98136

$7,700,000

Available

CBA# 715559 courtesy of CBA Listing firm: Paragon Real Estate Advisors

Schedule a Showing

Select your date preference

Request More Info

I’d like more information about 5631 California Ave SW, Seattle, MLS# 715559

Commercial

Property Type

19,594

Bldg Sq Ft

Units

6.00%

Cap Rate

1980

Year Built

Property Overview

EOS consists of 15 luxury residential apartments situated above four fully leased street level retail spaces, offering a diversified income stream in a premier urban location. The residential unit mix includes fourteen two-bedroom two bath units and one two-bedroom one bath unit, with an average unit size of 1,012 square feet. All units feature in unit washer and dryers, balconies, and modern interior finishes, making them highly attractive to today’s renter profile. This includes young families, working professionals and remote workers seeking spacious and functional layouts. The property offers a highly functional and well-designed parking configuration, with 17 open and covered residential parking spaces located at the rear of the building and 8open commercial parking spaces at the front of the property, providing clear separation between residential and retail uses. This dedicated parking layout is a rare and valuable feature for a mixed-use asset on California Avenue in the West Seattle Junction.Built in 1980 and renovated, EOS offers investors a true turnkey ownership opportunity with a low maintenance profile. The building features an elevator, renovated formal lobby, Amazon package lockers, copper plumbing, newer lower roof, and freshly upgraded common areas. Located just steps from the West Seattle Junction’s premier restaurants, shops, and cafes, this asset is priced at an in-place 6.00 percent cap rate, providing strong in place cash flow with long term value growth driven by transit-oriented development.