5631 California Avenue SW, Seattle, WA 98136
- $7,700,000
- 19,564
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $7,700,000
- Status
- ACTIVE
- MLS#
- 2558493
- Days on Market
- 4
- Style
- 56 - 10+ Units
- Finished SqFt
- 19,564
- Area Total SqFt
- 19564
- Annual Tax Ammount
- 67918
- Lot Size (sq ft)
- 15,000
- Sewer
- Sewer Connected
Property Description
Fully renovated, turnkey mixed-use asset located in the heart of the West Seattle Junction, The EOS consists of 15 luxury apartments situated above four fully leased retail spaces, offering a diversified income stream in a premier urban location. All 2BD units with W/D, balconies, and modern interior finishes. 17 open and covered residential parking spaces located at the rear of the building and 8 open commercial parking spaces at the front of the property. 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
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Additional Information
- List Date
- 2026-07-22 16:06:18
- Community
- Alaska Junction
- Net Operating Income
- $462,380
- Gross Adjusted Income
- $665,324
- Gross Scheduled Income
- $696,290
- Total Monthly Income
- $58,024
- Insurance Expenses
- $15,571
- Water/Sewer/Garbage Expenses
- $27,183
- Gross Rent Multiplier
- 11.06
- Total Expenses
- $202,944
- Cap Rate
- 6
- Vacancy Rate
- 5
- Total Number of Units
- 19
- Unit Name
- 5631
- Potential Terms
- Cash, Conventional
- Year Built
- 1980
- Roof
- Flat
- Other Expenses
- 92272
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $58,024
- Gross Scheduled Income
- $696,290
- Vacancy Rate
- 5
- Gross Adjusted Income
- $665,324
- Tax Year
- 2025
- Insurance Expense
- $15,571
- W/S/G Expenses
- $27,183
- Total Expenses
- $202,944
- Net Operating Income
- $462,380
- Gross Rent Multiplier
- 11.06
- Cap Rate
- 6
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.