Haven Apartments

Haven Apartments (Status: Pending)

7130, California Ave, Seattle, WA  98136

We are pleased to announce the exclusive listing of the Haven Apartments. The Haven is a well-located apartment building on California Ave, just south of Morgan Junction, offering a prime opportunity for investors in the vibrant West Seattle market. This asset features a desirable unit mix of 8 generously sized 1BD/1BTH units and 8 spacious sized 2BD/1BTH units, catering to a broad range of potential tenants. The Haven is a great value-add opportunity with a low entry basis of $206,250 per unit and $251 per square foot. Current rents are well below market presenting significant potential to enhance revenue through increased rents, parking fees, utilities charges, pet rents, and further cosmetic upgrades. The offering presents the opportunity for a buyer to get to a 7.6% market cap rate b

Listing Details

Asset Class: Multi-Family
Year Built: 1967
Building Total Square Feet: 13120
Available Lease Space Square Feet: 13120
Number of Floors: 4
Total Parking Spaces: 15
Local Zoning Information: LR2(M)

Listing Courtesy of: Paragon Real Estate Advisors

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.