4027 Beach Dr SW

—
Beds
—
Baths
9,256 Sq. Ft.
$421 / Sq. Ft.
9,256
Sq. Ft.
$421
per Sq. Ft.

Description

Welcome to Beachwood Apartments. This is a 10-unit Multifamily property on the Puget Sound with 65 feet of waterfront. The property provides tenants with a beautiful sunset over the Olympic Mountains, crisp breeze off the Puget Sound, and quick access to all the wonderful amenities West Seattle has to offer. Ownership has spent roughly 250k in capital improvements since 2015 including roughly 100k in the past year. This investment gives an investor a great opportunity to acquire one of the few waterfront...Welcome to Beachwood Apartments. This is a 10-unit Multifamily property on the Puget Sound with 65 feet of waterfront. The property provides tenants with a beautiful sunset over the Olympic Mountains, crisp breeze off the Puget Sound, and quick access to all the wonderful amenities West Seattle has to offer. Ownership has spent roughly 250k in capital improvements since 2015 including roughly 100k in the past year. This investment gives an investor a great opportunity to acquire one of the few waterfront apartments in Seattle.

Listing Agent

  1. Tommy Boguch

    Tommy Boguch

    Listing Agent

    Compass

    P: (425)-765-3585

Property Details for 4027 Beach Drive Southwest

Community Name
Alki
School District
Seattle
View
Bay, City, Mountain(s), Ocean, Sound
Number of Assigned Spaces
0
Total Covered Parking
0
Entry Date
01-05-2023
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 09/05/2024 05:46 AM

Property Details for 4027 Beach Drive Southwest

StatusSold
MLS #2025532
Days on Market77
Cumulative Days on Market78
Taxes$31,415 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1901
Lot Size0.21 AC / 9,256 SF
CountyKing County
Buyer's Agent Compensation1.5%

Location

Listing Courtesy of COMPASS

Sold By ZNonMember-Office-MLS

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Building Information for 4027 Beach Drive Southwest

Stories3Residences10Year Built1901Building Size-Lot Size0.21 AC / 9,256 SF

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$22,256 per month

30 year fixed, 6.46% Interest

Principal and Interest

$19,639

Property Taxes

$2,618

HOA Dues

$0

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Property Information for 4027 Beach Drive Southwest

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 140 - West Seattle
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Effective Year Built Source: See Remarks
  • Directions: W Sea bridge to Admiral Way exit, turn left onto 63rd Ave SW, Destination is on right across from La Rustica Restaurant.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: Yes
Taxes and HOA Information
  • Tax Year: 2022
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl Plank, Carpet
  • Features: Wall to Wall Carpet
  • Amenities: See Remarks
  • Cooling: Yes
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Brick, Wood
  • Roof: Torch Down
  • Waterfront Description: Bay/Harbor, Bulkhead, Ocean Access, Sound
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 12000
  • Power Company: Seattle City Light
  • Sewer Company: Seattle Public Utilities
  • Water Company: Seattle Public Utilities
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2015
  • Photos Count: 15
Lot Information
  • Lot Details: Curbs, Paved, Sidewalk
  • Lot Size Source: KCR
  • Parcel Number Free Text: 1563100070
  • Building Condition: Good
  • Calculated Square Footage: 9256
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 9256.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 3
  • Vacancy Rate: 5
  • Number Of Units Total: 10
  • Units Below Grade: false
  • Units In Building Total: 10
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 56595
  • Gross Adjusted Income: 296970
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $312,600
  • Insurance Expense: $13,180
  • Net Operating Income: $211,990
  • Other Expenses: $0
  • Total Monthly Income: 0
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 9255.0
  • Leasable Area Units: Square Feet

Property History for 4027 Beach Drive Southwest

DateEvent & SourcePriceAppreciation
May 30, 2023

Sold

NWMLS #2025532

$3,900,000—
May 26, 2023

Sold (Public Record)

Public Record #1511974080

$3,795,000

+3.1% / yr

Mar 24, 2023

Pending

NWMLS #2025532

—
DateEvent & SourcePrice
05/30/2023

Sold

NWMLS #2025532

$3,900,000
05/26/2023

Sold (Public Record)

Public Record #1511974080

$3,795,000

+3.1% / yr

03/24/2023

Pending

NWMLS #2025532

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For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4027 Beach Drive Southwest

Taxable ValueLand$1,580,100Additions$1,813,900Total$3,394,000
Tax Record2025$34,973 ($2,914 / month)
Home Facts
Total Finished SqFt9,500 SqFtAbove Ground SqFt9,500 SqFtStories2Lot Size12,979 SqFtStyleMulti-Family Dwelling (2-4)Year Built1901Year Renovated1984ZoningLR2CountyKINGAPN156310-0070

Schools near 4027 Beach Drive Southwest

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Alki Elementary School
PublicPK to 5

Madison Middle School
Public6 to 8

West Seattle High School
Public9 to 12

Pathfinder K-8
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of COMPASS

Based on information submitted to the MLS GRID as of 09/05/2024 05:46 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.