5631 California Ave SW, Seattle, WA 98136

The Ridgeview Apartments offers investors the chance to own an extensively updated mixed-use building located between Alaska and Morgan Junctions in West Seattle. 15 condominium quality residential units and 3 commercial spaces with dedicated parking. Apartment units include a full sized washer and dryer, stainless steel appliances, granite counter tops, high quality laminate flooring and private decks. The commercial spaces are always occupied and offer separate HVAC systems.

  • Pride of ownership building
  • Sound and mountian views
  • 15 condo quality residential units and 3 commercial spaces
  • 1980 construction with exentisve updatesin 2012/2013
No. Units:
18
Building Size:
19,264 SF
Price/Unit:
$361,111.11
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Strip Center
Property Use Type:
Investment
Cap Rate:
4.64%
Gross Rent Multiplier:
15.05
Year Built:
1980
Lot Size:
15,000 SF

5 Year Note at 9%

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