5426 California Ave Seattle, WA 98136
- Office Properties & Spaces
- 2,269 SF
Current Use by Public Records
- Dr. Allison Lau, Counseling Psychologist / Psychotherapist
- Lori Spears Mental Health Counselor / Psychotherapist
- Patti Nequette / Psychotherapist
- Nourishing Compassion Therapy / Mental Health Service
- Garvey Lynn / Psychotherapist / Professional Services
Property Details for 5426 California Ave
- Year built
- 1909
- Property size
- 2,269 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Office space
Description
This exceptional West Seattle office building presents a unique investment opportunity. Located on California Avenue, this beautifully restored early 20th-century craftsman building offers 2,269 square feet of creative office space across two stories, plus approximately 1,000 square feet of basement storage. The property boasts modern systems including updated electrical, plumbing, data, HVAC, A/C, security, and sprinklers. The building features a welcoming reception area, seven individual office suites, two bathrooms, and a kitchen. With 95% occupancy and a strong NOI of $85,178, this stabilized investment offers a 6.55% cap rate. The asking price is $1,300,000, translating to $572.94 per square foot. The property includes three secure underground parking spaces, supplemented by ample street parking. Built in 1909 and renovated in 2000, this multi-tenant building is zoned NC and consists of one building with seven units. This is an owner/user opportunity in a highly desirable West Seattle location. The property's quiet and inviting atmosphere makes it an ideal workspace.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.387
- Latitude
- 47.553
