Sold

Listed by: Urban Commercial Partners, LLC • Patrick Suarez

Bought with: Urban Commercial Partners, LLC

$2,300,000

4120 109th Street SW, Tacoma, WA 98499

1beds

1baths

--sqft

Multi Family

Built in 1979

-- sqft lot

$-- Zestimate^®

$--/sqft

$1,029 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,029/mo

Zestimate^® history

Owner options

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$1,029/mo

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$1,029/mo

Rent Zestimate^®

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$14,226/mo

Est. payment

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$14,226/mo

Est. payment

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What's special

Plenty of on-site parkingResidential unitsStuds out remodel

The Malibu Apartments is a Turn-Key asset with in place 5.89% Cap Rate with moderate upside. Malibu is comprised of 14 residential units, all 1 bed/1 bath and approximately 520 SF. 2 buildings, consisting of 8 units and 6 units respectively. The 8-unit building saw a studs out remodel in 2023. All 14 units are turn key. Washer/Dryer in each unit and plenty of on-site parking.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1

Heating

Baseboard, Forced Air, Electric

Cooling

None

Features

Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 14

Lot

Size: 0.5 Acres

Details

Parcel number: 6075000120
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 10+ Units
Property subtype: Multi Family

Materials

Wood Siding, Wood Products
Roof: Composition

Condition

Year built: 1979

Utilities & green energy

Sewer: Sewer Connected

Community & HOA

Community

Subdivision: Lakewood

Location

Region: Lakewood

Financial & listing details

Tax assessed value: $968,200
Annual tax amount: $17,014
Date on market: 8/16/2024
Cumulative days on market: 705 days
Listing terms: Conventional

Price history

Date	Event	Price
3/4/2025	Sold	$2,300,000-8%
Source: NWMLS as distributed by MLS GRID #2302122 Report a problem
2/25/2025	Pending sale	$2,500,000
Source: NWMLS as distributed by MLS GRID #2302122 Report a problem
10/15/2024	Listed for sale	$2,500,000+19.4%
Source: NWMLS as distributed by MLS GRID #2302122 Report a problem
3/16/2020	Sold	$2,093,000
Source: Public Record Report a problem
3/12/2020	Listing removed	$1,075
Source: Tecton Corporation Report a problem
2/10/2020	Listed for rent	$1,075
Source: Tecton Corporation Report a problem
11/24/2018	Listing removed	$1,075
Source: Tecton Corporation Report a problem
10/23/2018	Listed for rent	$1,075
Source: Tecton Corporation Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$10,168 -2.3%	$968,200
2023	$10,411 +59.1%	$968,200 +54.5%
2022	$6,544 -2.4%	$626,600 +10.1%
2021	$6,706 +46%	$569,200 +25.4%
2019	$4,592 -6.2%	$453,800 +20%
2018	$4,894 +10.3%	$378,100 +15%
2017	$4,436 +6.3%	$328,800 +26.3%
2016	$4,173	$260,300
2014	$4,173 +22.3%	$260,300
2013	$3,412	$260,300 +22%
2012	--	$213,400
2011	--	$213,400 -4.8%
2010	--	$224,100 -9.2%
2009	--	$246,800 +0%
2008	$2,910 +0%	$246,700 +5%
2007	$2,910 +21.1%	$235,000 +44.2%
2001	$2,403	$163,000 +5.8%
2000	$2,403	$154,100