SOLD // LORHEIM

Lorheim

Sold

PRICE:

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

Value Add Opportunity

Will be available to capture significant rental upside through renovations
Rare Opportunity

Going in basis below $220k per unit in Burien, with a 92-walk score
Attractive Going in Cap

Attractive going in cap rate with ability to stabilize at 5.75% after renovations
Near Burien’s Restaurant Row

96-walk score in the heart of Burien. Block from downtown Burien restaurants, shopping, grocers, and night life.
Short Drive To Downtown Seattle

20-minute drive to Downtown Seattle
Spacious Units

Units averaging 700 square feet
Ample Parking For Residents

Spot for each tenant and one guest spot
Immediate Access to Public Transit

Close Proximity to Burien Transit Center and Link Light Rail