on the market

Listings/5952 California Development

5952 California Development

Get Marketing Materials
Contact Listing Agent

Price: $2,000,000

For more information about this investment opportunity, please contact the listing broker.

Executive Summary

5952 California Ave SW is a development site in the West Seattle neighborhood with permitted plans for 35 apartment units.

Listing Details

Address
5952 California Ave SW, Seattle, WA
Parcel No.
762570-2425
Site Area
7,500 SF
Zoning
LR3 RC
Project Architect
Hybrid Architecture - Barrett Eastwood

Building Programming

SEDU
23 units
SEDU Loft
6 units
One Bedroom
4 units
One-Bedroom Loft
2 units

Investment Opportunity

  • Master Use Permit & Building Permit in hand
  • Thoughtful unit mix & efficient building layout
  • 8 lofted units support premium rents
  • Great West Seattle location, close proximity to amenities

Fully entitled

Thoughtful design

Premium rents

Great location

Location

Open Google Maps

5952 California Development

5952 California Ave SW
Seattle, WA 98136
Units: 35
Price: $2,000,000

Location Overview

West Seattle offers renters an escape from Seattle’s bustling core without sacrificing proximity to job
centers and an urban lifestyle.

Rental rates in older West Seattle apartment buildings steadily climbed since 2012, showing a strong renter demand in the neighborhood. Furthermore, West Seattle is affordable relative to other core Seattle neighborhoods, yet rent growth is outpacing Capitol Hill on a 5-year average.

West Seattle is also poised to undergo a transformation with the arrival of light rail service, slated for 2030. The service will connect the neighborhood to Downtown and projected ridership is upwards of 35,000 daily riders.

82

Walk Score
Very Walkable

50

Transit Score
Good Transit

74

Bike Score
Very Bikeable

8,208

Population
(0.5 Mile)

Access marketing materials

Have questions? Give us a call

Contact Us

Exclusive Listing Brokers

Kidder Mathews is the exclusive Listing Brokerage for this Offering. Dylan Simon, Jerrid Anderson, and Matt Laird are exclusively representing the Seller in the sale of 5952 California Ave SW.

Direct: 425.736.5516

       

Direct: 206.414.8575