(Photo by Cleary O’Farrell)
Just announced by McQuaid Commercial Real Estate – they’ve sold a 24-unit West Seattle apartment building, Sound Crest at 3515 SW Ocean View Drive (map) in Arbor Heights, for $2,050,000. The announcement quoted broker Michael McQuaid as saying, “We are pleased to get this property closed in 2010, after an exhaustive marketing effort over many months.” The firm adds that this is the first-ever sale of the building, built in 1979; they identify the buyer as local investor David Katt, who they say plans to spend $200,000 on the building for “deferred maintenance and upgrades.”

SIDE NOTE: We just checked the current commercial listings to see what other apartment buildings are on the market in West Seattle right now. Top of the price list is Ivy Court in Morgan Junction, 6525 California SW, listed for $5.6 million – 33 units and three commercial spaces (currently bicycles, mailboxes, fitness).