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Washington Developer Buys West Seattle Multifamily Building

Transaction Could Be Submarket’s Largest Sale in Nearly a Year
The multifamily property 6900 California Ave. SW in Seattle traded for about $258,333 per unit. (CoStar)
The multifamily property 6900 California Ave. SW in Seattle traded for about $258,333 per unit. (CoStar)
By Robert Frasher
CoStar Research
June 24, 2024 | 3:10 P.M.

PH Development, a Bellevue, Washington-based property developer acquired a 24 unit multifamily building in Seattle for $6.2 million, or about $258,333 per unit. The structure was sold by a private individual in what could be the West Seattle submarket's largest sale in almost a year.

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News | Washington Developer Buys West Seattle Multifamily Building