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La Playa Vista Apartments 2250 Bonair Pl SW 10 Unit Apartment Building $3,100,000 ($310,000/Unit) Seattle, WA 98116
Investment Highlights
- ONE BLOCK WALK TO ALKI BEACH
- LOW MINIMUM COMPLEXITY
- 100% OCCUPIED WITH A S TABLE TENANT BA SE
Executive Summary
Cushman & Wakefield is pleased to present La Playa Vista Apartments, a 10-unit boutique multifamily building positioned one block from the Alki Beach waterfront in West Seattle — one of Seattle’s most supply-constrained coastal neighborhoods. Offered at a strike price of $3,100,000, the property presents a private investor with a well-defined renovation value-add opportunity, a stable 100% occupied tenancy, and a clear path to a 20.8% blended return on cost through $200,000 in targeted unit renovations and natural lease-cycle repositioning.
The deal is purpose-built for a hands-on private investor or family office seeking a coastal Seattle asset with real upside: below-market in-place rents, immediate renovation candidates, and a 1927-vintage building with irreplaceable character that commands persistent renter premium in the Alki submarket.
The deal is purpose-built for a hands-on private investor or family office seeking a coastal Seattle asset with real upside: below-market in-place rents, immediate renovation candidates, and a 1927-vintage building with irreplaceable character that commands persistent renter premium in the Alki submarket.
Property Facts
| Price | $3,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $310,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| No. Units | 10 | Building Size | 7,950 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1927 |
| Zoning | LDT, County | ||
| Price | $3,100,000 |
| Price Per Unit | $310,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,950 SF |
| No. Stories | 2 |
| Year Built | 1927 |
| Zoning | LDT, County |
Amenities
Unit Amenities
- Balcony
- Fireplace
- Tile Floors
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Yard
Site Amenities
- Furnished Units Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 300 - 400 |
| 1+1 | 6 | - | 592 |
| 2+1 | 2 | - | 1,200 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 091400-0108 | Improvements Assessment | $1,139,600 |
| Land Assessment | $1,391,400 | Total Assessment | $2,531,000 |
Property Taxes
Parcel Number
091400-0108
Land Assessment
$1,391,400
Improvements Assessment
$1,139,600
Total Assessment
$2,531,000
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