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2699 20th , Signal Hill, CA 90755
Priced at Only: $1,899,000
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Address: 2699 20th , Signal Hill, CA 90755
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  • MLS#: PW26011742 ( Apartment )
  • Street Address: 2699 20th
  • Viewed: 6
  • Price: $1,899,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 25
  • Additional Information
  • County: LOS ANGELES
  • City: Signal Hill
  • Zipcode: 90755
  • Subdivision: Signal Hill (sh)
  • Provided by: Sage Real Estate Group, Inc.
  • Contact: Juan Juan
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Welcome to 2699 E. 20th St., Signal Hilla rare opportunity to own a well located 4 plex perched at the top of Signal Hill, offering tremendous city views and strong income potential. This property features a legal 4 unit configuration with a non conforming 5th unit, allowing investors to benefit from five income streams while maintaining conventional 4 unit residential financing. The unit mix includes one spacious 3 bedroom, 2 bath unit, three 2 bedroom, 2 bath units, and one studio unit, providing a versatile layout that appeals to a wide tenant base. The property offers four large garages, adding both convenience and additional rental value potential. Recent improvements include fresh exterior paint and nicely updated interiors, making this a clean, well presented asset with minimal immediate capital expenditure needed. There is also clear upside in rents, giving investors the opportunity to increase cash flow over time. Whether youre looking for a stable long term hold or a property with value add potential, this Signal Hill asset checks all the boxes. Dont miss the chance to own a view property with strong fundamentals in a highly desirable location.
Features
Architectural Style
  1. Traditional
Building Area Total
  1. 5340.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Cooling
  1. None
Country
  1. US
Days On Market
  1. 17
Electric Expense
  1. 0.00
Exclusions
  1. Tenant belongings
Fuel Expense
  1. 0.00
Garage Spaces
  1. 4.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 4500.00
Laundry Features
  1. Inside
  2. Community
  3. See Remarks
Levels
  1. Three Or More
Lockboxtype
  1. See Remarks
Lockboxversion
  1. Supra BT LE
Lot Features
  1. Corner Lot
  2. 0-1 Unit/Acre
Netoperatingincome
  1. 116924.00
Newtaxesexpense
  1. 23737.00
Parcel Number
  1. 7216002018
Parking Features
  1. Assigned
Pool Features
  1. None
Professionalmanagementexpense
  1. 8350.00
Property Type
  1. Apartment
Roof
  1. Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 454840887:CRM
Subdivision Name Other
  1. Signal Hill (SH)
Tenant Pays
  1. Electricity
Totalactualrent
  1. 13919.00
Totalexpenses
  1. 50110.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 12000.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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