$1,650,000
Est. $8,942/mo3,949 sq ft
4017 California Avenue SW, Seattle, WA 98116
• Listed Nov 10, 2026•New today
Listing Broker: Windermere West Metro; Bill Reid; 206-852-6293; billreidre@gmail.com
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Listing Broker: Windermere West Metro; Bill Reid; 206-852-6293; billreidre@gmail.com
About this home
Excellent investment opportunity to own a well-located 6-unit multifamily property on California Avenue, situated just minutes from the Junction. Known as The Lori Dee, this classic two-story building features highly desirable, spacious layouts where each unit boasts its own private deck or patio surrounded by beautifully maintained landscaping. The property has been extensively modernized with major capital expenditures already completed, including a new roof, updated electrical panels, comprehensive PEX plumbing, and a new sewer liner to the main line connection. With all kitchens and bathrooms updated over the last ten years and the entire property meticulously maintained, it offers an investor immediate turnaround value with minimal upcoming CapEx. Additionally, tenants benefit from the premium convenience of six off-street parking spaces accessible via a clean, paved alley and also storage units & in unit washer/dryers.
Listed by Bill Reid • Windermere West Metro
Listing updated: November 10, 2026 at 09:08am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2602335
Around this home
How much should you offer?
4017 California Avenue SW, Seattle, WA 98116
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 5-9 Units
Flooring
- Vinyl
- Carpet
Heating & cooling
- Baseboard heating
- Wall Furnace heating
- None cooling
Schools
Ratings via SchoolDigger- Genesee Hill ElementaryPublic · Grades K-5 · 0.4 mi · State rank 89 of 1,13810/10
- Madison Middle SchoolPublic · Grades 6-8 · 0.4 mi · State rank 25 of 51410/10
- West Seattle High SchoolPublic · Grades 9-12 · 0.6 mi · State rank 34 of 39610/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 6
- Units in building
- 6
- Units below grade
- false
- Building square feet
- 3,949 sq ft
Income & expenses
- Gross scheduled income
- $135,600
- Total monthly income
- $11,300
- Gross adjusted income
- $104,011
- Net operating income
- $104,011
- Cap rate
- 6.3%
- Gross rent multiplier
- 12.16
- Total expenses
- $31,589
- Insurance
- $5,083
- Electric
- $507
- Water / sewer / garbage paid by
- 11295
Parking & storage
- Parking spaces
- 6
- Uncovered parking
- 6
Taxes & assessment
- Annual taxes
- $14,704
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
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Sales & Tax Records for 4017 California Avenue SW
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Nov 10, 2026ListedNWMLS via MLS Grid · #2602335$1,650,000$418/sq ft
- Jun 26, 2014Recorded saleKing County recorder · Statutory warranty deed$795,000$201/sq ft
- Nov 23, 2005Recorded saleKing County recorder · Statutory warranty deed$715,000$181/sq ft
Mortgage payment forecast
$10,580 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Windermere West Metro; Bill Reid; 206-852-6293; billreidre@gmail.com
Market pulse
Seattle is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 66 days.
Recent sales nearby
Within 1 mile · last 6 months$750,000 Sold
6 days ago
2 bd•1 ba•~1,540 sq ft•Single Family
4847 41st Avenue SW, Seattle, WA 98116
0%
Over list
27
Days on market
0.7 mi
Distance
$825,000 Sold
2 weeks ago
3 bd•2.25 ba•~1,550 sq ft•Single Family
3915 SW Genesee Street, Seattle, WA 98116
0%
Over list
30
Days on market
0.3 mi
Distance
$695,000 Sold
2 weeks ago
1 bd•1 ba•~880 sq ft•Single Family
4137 54th Avenue SW, Seattle, WA 98116
10%
Under list
91
Days on market
0.7 mi
Distance
$950,000 Sold
2 weeks ago
2 bd•2 ba•~1,824 sq ft•Single Family
4023 47th Avenue SW, Seattle, WA 98116
0%
Over list
34
Days on market
0.2 mi
Distance
$950,000 Sold
2 weeks ago
3 bd•1.75 ba•~1,300 sq ft•Single Family
5305 SW Orleans Street, Seattle, WA 98116
0%
Over list
19
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Nov 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 10, 2026 at 1:36 PM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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