For more information about this investment opportunity, please contact the listing broker.
5952 California Ave SW is a development site in the West Seattle neighborhood with permitted plans for 35 apartment units.
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.
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.