8-unit West Seattle multifamily on California Ave SW, LR3 RC, permitted for expansion to 10 units. The building is vacant and suited to a value-add or reposition strategy. Seller financing is available to qualified buyers. Offered at $1,500,000
Fairmount Park, located between California Avenue SW and the Fauntleroy ferry corridor, is a residential and hillside Seattle neighborhood with wooded ravines and Puget Sound breezes. The neighborhood’s character concentrates around the California Ave SW & SW Alaska St junction, where espresso counters, indie boutiques, and sidewalk patios set a steady, walk-and-linger rhythm. Community pillars include Easy Street Records & Cafe, the Admiral Theater, and West Seattle Bowl. Streets step up and down the ridge with mid-century ramblers, tidy bungalows, and newer townhomes tucked behind evergreens. Fairmount Park itself adds a pocket of trails and play space, while nearby viewpoints frame ferries and the Olympics. Daily life orbits around local groceries, bakeries, and transit lines linking the peninsula to the rest of the city.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Concrete, vinyl and carpet floors
Coin-operated laundry (on-site)
Storage available
Partially fenced
Bedrooms
Mix of 1- and 2-bedroom units across the building (units of 1 and 2 bedrooms indicated)
Bathrooms
Each unit includes one bathroom
Kitchen
Range/oven in units
Refrigerator in units
Dishwasher in some units
Laundry & utility
Coin-op laundry on site
No in-unit washer/dryer shown
Flooring
Concrete
Vinyl
Carpet
Heating & cooling
Baseboard heating
No central cooling
Exterior features
Partial fencing
Deck and patio
Some fenced areas (partially fenced)
Cable TV and high-speed internet available
Alley access, curbs, paved surfaces and sidewalks
Home design
Residential income property (multi-family)
5–9 unit style (building contains 8 units)
4 stories
Parking
Eight uncovered parking spaces
Security
Partially fenced for security/privacy
Construction
Wood construction
Flat torch-down roof
Poured concrete foundation
Effective year built: 1969
Utilities
Electric energy source
Private water (SPU)
Sewer connected (SPU)
Power provided by SPU
HOA & community
No HOA information provided
Financial info
Listing terms: Cash or Conventional
Total monthly income reported: $17,300
Gross scheduled/gross adjusted income and NOI reported (indicative of multifamily investment): Gross Scheduled Income $207,600; Gross Adjusted Income $190,438; Net Operating Income $207,600; Total expenses $17,162; Gross rent multiplier 7.7
Other
Building area reported as 5,156 square feet
Electricity and solar
View estimated energy costs and solar savings for this home
Replace electrical service panels for multiple residential units and the main house.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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