California Flats

California Flats presented a unique opportunity for PH Development to acquire an asset at an attractive basis in a highly sought after neighborhood, West Seattle. The building fit the company’s search parameters and it’s 1990s construction made it a perfect fit for value-add renovation. The building was acquired through a syndication model and was purchased in June 2024. The building is currently fully stabilized and has completed a significant renovation.

Units: 24

Site SF: 18,000

Building SF: 18,360

Status: Stabilized