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    1849 Junipero Avenue

    Signal Hill, CA 90755
    • $1,315,000
    • STATUS: ACTIVE
    • ON SITE: 72 days
    • ID#: 302962215
    Price Reduced
    UPDATED: 125 min ago
    $1,315,000
    • 3
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are pleased to present 1849 Junipero Avenue, a 4-unit investment property in Signal Hill, California. The property is located between 19th Street and Pacific Coast Highway just down the road from Chittick Field. This area is a solid majority-renter market with low vacancy rates. 1849 Junipero Avenue consists of two 2 Bedroom 1 Bathroom units and two 1 Bedroom 1 Bathroom units. All of the units are separately metered for gas and electricity, and the property also offers four garage spaces. This property We are pleased to present 1849 Junipero Avenue, a 4-unit investment property in Signal Hill, California. The property is located between 19th Street and Pacific Coast Highway just down the road from Chittick Field. This area is a solid majority-renter market with low vacancy rates. 1849 Junipero Avenue consists of two 2 Bedroom 1 Bathroom units and two 1 Bedroom 1 Bathroom units. All of the units are separately metered for gas and electricity, and the property also offers four garage spaces. This property has been awarded the the Beautification Award and the Sustainability Award from the city of Signal Hill for its extensive renovations with over $150,000 in remodeling and improvements. Improvements include: copper piping, gas lines, complete electrical, waterproof laminate flooring, new and refurbished drywall, paint, garage doors, concrete driveway, landscape, recessed lighting, LED lighting, kitchens, bathrooms, stainless steel appliances, etc. Additionally, a buyer can legally convert the 4 Garage spaces to livable Space per Assembly Bill 68. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents. This is also a great opportunity for a user to move in and enjoy the income. The City of Signal Hill is not under any municipal rent control. Contact Agent for Marketing Package.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.callstein.com/homes/111744188
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    1849 Junipero Avenue Signal Hill, CA 90755

    • Price: $1,315,000
    • Status: ACTIVE
    • Updated: 125 min ago
    • ID#: 302962215
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    Neighborhood:
    Signal Hill (90755)
    County:
    Los Angeles
    Area:
    Signal Hill (90755)
    Property Description
    We are pleased to present 1849 Junipero Avenue, a 4-unit investment property in Signal Hill, California. The property is located between 19th Street and Pacific Coast Highway just down the road from Chittick Field. This area is a solid majority-renter market with low vacancy rates. 1849 Junipero Avenue consists of two 2 Bedroom 1 Bathroom units and two 1 Bedroom 1 Bathroom units. All of the units are separately metered for gas and electricity, and the property also offers four garage spaces. This property We are pleased to present 1849 Junipero Avenue, a 4-unit investment property in Signal Hill, California. The property is located between 19th Street and Pacific Coast Highway just down the road from Chittick Field. This area is a solid majority-renter market with low vacancy rates. 1849 Junipero Avenue consists of two 2 Bedroom 1 Bathroom units and two 1 Bedroom 1 Bathroom units. All of the units are separately metered for gas and electricity, and the property also offers four garage spaces. This property has been awarded the the Beautification Award and the Sustainability Award from the city of Signal Hill for its extensive renovations with over $150,000 in remodeling and improvements. Improvements include: copper piping, gas lines, complete electrical, waterproof laminate flooring, new and refurbished drywall, paint, garage doors, concrete driveway, landscape, recessed lighting, LED lighting, kitchens, bathrooms, stainless steel appliances, etc. Additionally, a buyer can legally convert the 4 Garage spaces to livable Space per Assembly Bill 68. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents. This is also a great opportunity for a user to move in and enjoy the income. The City of Signal Hill is not under any municipal rent control. Contact Agent for Marketing Package.
    Exterior Features

    Pool N/K Site Curbs Topography Level

    Interior Features

    Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1

    Property Features

    Actual Cap Rate 4.62 Annual Expense Actual 25356 Buildings 2 Gross Rent Multiplier Actual 1.81 Gross Scheduled Income Actual 88800 Home Owners Fees 0.0 Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1500.0 Unit2 Rent Actual 2200.0 Zoning Public Rec

    Listing provided courtesy of Marcus & Millichap. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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