EOS Apartments
5631 California Ave SW, Seattle, WA 98136
Property Type Multi-family
Price $7,700,000
Status Active
Property Highlights:
- Turnkey mixed use asset with 15 fully leased residential units and 4 fully leased street level retail spaces
- Offered at an in place 6.00% cap rate providing strong in place cash flow and long term value growth
- Located in the heart of the West Seattle Junction on California Avenue, a highly walkable and supply constrained mixed use submarket
- Fully occupied street retail with excellent visibility along California Avenue SW - 1/2 block from Rapid Ride stop
- Desirable unit mix of fourteen two bedroom two bath units and one two bedroom one bath unit averaging 1,012 square feet
- Condo like residential units with in unit washer and dryers, large balconies, gas fireplaces, and modern finishes
- Stainless steel appliances, stone countertops, and LVT flooring throughout units
- Rare parking configuration with 17 open and covered alley access residential parking spaces and 8 dedicated commercial spaces
- Built in 1980 the building offers a low maintenance ownership profile with newer roof, copper plumbing, elevator, and recently upgraded common areas
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