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6533 California Ave SW
Seattle, WA 98136
Marnae Apartments · Multifamily Property For Sale
·
26 Units
Investment Highlights
- Very walkable location on California Ave, West Seattle's primary commercial corridor; walking distance to a variety of shops, dining, and grocery
- New units can likely be added within existing storage room and preliminary feasibility shows additional buildings - total of ±18 new units
- Excellent unit mix of 20 one-bedroom units and 6 two-bedroom units
- Significant rent upside exists by simply increasing rents and charging for parking and utilities, with remodeling higher rents are likely possible
- 22,500-SF lot with NC3-55 (M1) zoning and 3.75 FAR will allow the construction of an 84,375-SF Mid Rise apartment building
- Ample off-street parking – 10 parking spaces off California and another 16 parking spaces off the alley for residents
Property Facts
| No. Units | 26 | Building Size | 18,661 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | B | Parking Ratio | 1.39/1,000 SF |
| Lot Size | 0.52 AC | ||
| Zoning | NC3-55 (M1) | ||
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.52 AC |
| Building Size | 18,661 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | NC3-55 (M1) |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Pantry
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $930.00 | 610 |
| 2+1 | 6 | $1,096 | 870 |
Property Taxes
| Parcel Number | 762570-4470 | Improvements Assessment | $1,622,500 |
| Land Assessment | $3,937,500 | Total Assessment | $5,560,000 |
Property Taxes
Parcel Number
762570-4470
Land Assessment
$3,937,500
Improvements Assessment
$1,622,500
Total Assessment
$5,560,000
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