SOLD // LORHEIM
Lorheim
Sold
PRICE:
$1,175,000
Property Overview
ADDRESS
421 Ambaum Blvd SW,
Burien, WA 98166
NET RENTABLE SF
Residential: ± 4,200
NEIGHBORHOOD
Downtown
PARKING
7 Open Spaces
YEAR BUILT
1960
ZONING
RM-24
UNITS
6
SITE AREA
8,553 SF (0.20 aces)
Executive Highlights
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Value Add Opportunity
Will be available to capture significant rental upside through renovations
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Rare Opportunity
Going in basis below $220k per unit in Burien, with a 92-walk score
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Attractive Going in Cap
Attractive going in cap rate with ability to stabilize at 5.75% after renovations
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Near Burien’s Restaurant Row
96-walk score in the heart of Burien. Block from downtown Burien restaurants, shopping, grocers, and night life.
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Short Drive To Downtown Seattle
20-minute drive to Downtown Seattle
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Spacious Units
Units averaging 700 square feet
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Ample Parking For Residents
Spot for each tenant and one guest spot
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Immediate Access to Public Transit
Close Proximity to Burien Transit Center and Link Light Rail
Location
Gallery
