For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email
  • Listing #:
    • 1303201
  • Price:
    • $3,800,000
  • Status:
    • Pending
  • Property Type:
    • Multi-Family
  • Type:
    • 10+ Units
  • # of Units:
    • 16
  • # of Acres:
    • 0.26
  • Lot Sq.Ft.:
    • 11,500
  • Year Built:
    • 1954
  • School Dist:
    • Seattle
  • Address:
    • 4022 California Ave SW
  • Community:
    • Alaska Junction
  • City:
    • Seattle
  • County:
    • King
  • State:
    • WA
  • Zip:
    • 98116
  • Terms:
    • Cash Out
QR Code

Description
The Monterey Apartments Is A Rare 16-unit Complex In The Heart Of West Seattle Located Just 2 Blocks From The ?junction? Center On California Avenue. A New Owner Can Come In And Start Collecting Great Cash Flow, While Still Capitalizing On Repositioning Of The Remaining Un-renovated Units Or Adding Washer/dryers To The Units. The Monterey Gives A Buyer The Opportunity To Enter This Competitive Seattle Market At Under $250k A Unit.
Property Features
  • Unit 1
    • Rent Unit 1:
      • - $1,450.00
    • Square Feet Unit 1:
      • - 540.00
    • Bedrooms Unit 1:
      • - 1
    • Bathrooms Unit 1:
      • - 1.00
    • Refrigerator Unit 1:
      • - Yes
    • Range/oven Unit 1:
      • - Yes
    • Description Unit 1:
      • - 1
  • Unit 2
    • Rent Unit 2:
      • - $1,295.00
    • Square Feet Unit 2:
      • - 540.00
    • Bedrooms Unit 2:
      • - 1
    • Bathrooms Unit 2:
      • - 1.00
    • Refrigerator Unit 2:
      • - Yes
    • Range/oven Unit 2:
      • - Yes
    • Description Unit 2:
      • - 2
  • Unit 3
    • Rent Unit 3:
      • - $1,295.00
    • Square Feet Unit 3:
      • - 540.00
    • Bedrooms Unit 3:
      • - 1
    • Bathrooms Unit 3:
      • - 1.00
    • Refrigerator Unit 3:
      • - Yes
    • Range/oven Unit 3:
      • - Yes
    • Description Unit 3:
      • - 3
  • Unit 4
    • Rent Unit 4:
      • - $1,395.00
    • Square Feet Unit 4:
      • - 500.00
    • Bedrooms Unit 4:
      • - 1
    • Bathrooms Unit 4:
      • - 1.00
    • Refrigerator Unit 4:
      • - Yes
    • Range/oven Unit 4:
      • - Yes
    • Description Unit 4:
      • - 4
  • Unit 5
    • Rent Unit 5:
      • - $1,445.00
    • Square Feet Unit 5:
      • - 540.00
    • Bedrooms Unit 5:
      • - 1
    • Bathrooms Unit 5:
      • - 1.00
    • Refrigerator Unit 5:
      • - Yes
    • Range/oven Unit 5:
      • - Yes
    • Description Unit 5:
      • - 5
  • Unit 6
    • Rent Unit 6:
      • - $1,295.00
    • Square Feet Unit 6:
      • - 540.00
    • Bedrooms Unit 6:
      • - 1
    • Bathrooms Unit 6:
      • - 1.00
    • Refrigerator Unit 6:
      • - Yes
    • Range/oven Unit 6:
      • - Yes
    • Description Unit 6:
      • - 6
  • Building Details
    • # Of Stories In Building:
      • - 2
    • Units Below Grade:
      • - No
    • Amenities:
      • - Coin Op Laundry
    • Building Condition:
      • - Remodeled
    • Floor Covering:
      • - Laminate Hardwood
      • - Wall To Wall Carpet
    • Heating And Cooling:
      • - Baseboard
  • Misc Details
    • Form 17:
      • - Provided
    • Leased Items:
      • - None
  • Tax Details
    • Tax Amount:
      • - $27,166.00
    • Tax Year:
      • - 2018
  • Finance Details
    • Gross Rent Multiplier:
      • - 14
    • Vacancy Rate:
      • - 3
    • Cap Rate - Noi Div Lp:
      • - 4.80
  • Income
    • Gross Adjusted Income:
      • - $261,609.00
    • Gross Scheduled Income:
      • - $269,700.00
    • Net Operating Income:
      • - $182,459.00
    • Total Monthly Income:
      • - $22,475.00
  • Expenses
    • Insurance Expenses:
      • - $4,613.00
    • Water / Sewer / Garbage:
      • - $14,012.00
    • Other Expenses:
      • - $33,359.00
    • Total Expenses:
      • - $79,150.00
    • Total Expenses:
      • - $79,150.00
  • Construction Details
    • Exterior:
      • - Brick
      • - Wood
    • Foundation:
      • - Slab
    • Roof:
      • - Composition
  • Lot Details
    • Features:
      • - Alley
  • Parking
    • Total # Of Parking:
      • - 8
    • # Of Uncovered Spaces:
      • - 8
  • Utilities
    • Energy Source:
      • - Electric
    • Water Source:
      • - Public
  • Zoning
    • General Zoning Classification:
      • - Multi-family
    • Zoning Jurisdiction:
      • - City
Nearby Listings
0.48 Mi.

3231 41st Ave SW

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 2,020 ft²
1.01 Mi.

5417 Fauntleroy Wy SW

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 4,800 ft²
1.30 Mi.

5952 California Ave SW

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 3,550 ft²
For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email

All information deemed reliable but not guaranteed and should be verified by consumer. All properties are subject to prior sale, change or withdrawal. Listing information is provided for consumer's personal, non-commercial use and may not be used for any other purpose. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) programs of the Northwest Multiple Listing Service and/or the Olympic Multiple Listing Service.

Copyright Notice

Listings courtesy of the NWMLS (Northwest Multiple Listing Service).

MLS IDX by Cevado Technologies