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2248 Walnut AVE Signal Hill, CA 90755
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Key Details
Sold Price $1,290,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Signal Hill (Sh)
MLS Listing ID PW22054186
Sold Date 05/24/22
HOA Y/N No
Year Built 1963
Lot Size 5,127 Sqft
Property Description
Value Add Multifamily Investment Opportunity in prime Signal Hill, CA. Market Cap Rate over 6%. The City of Signal Hill has No Municipal Rent Control. Market CAP over 6%, Low Tenant Rents Provide Significant Upside Opportunity. On-Site Rear Parking for Tenants and Opportunity to Create Onsite Coin Laundry. Close Proximity to highways and airports such as 405 (1.3 mi), LGB (3.2 mi), and LAX (19.7 mi). Coastal (3.0 mi) and Downtown (3.5 mi) Access. Centrally Located in Signal Hill. Walking Distance to Signal Hill Elementary & the Signal Hill Public Library & Close to Major Retailers like Costco (0.8 mi) and Home Depot (0.7 mi).
Location
State CA
County Los Angeles
Area 8 - Signal Hill
Zoning SHR3*
Interior
Cooling None
Fireplace No
Appliance Electric Range
Laundry See Remarks
Exterior
Garage Driveway Level, Door-Single, Garage, On Street
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Biking, Curbs, Golf, Gutter(s), Park, Street Lights, Suburban, Sidewalks, Water Sports
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Waterfront Description Ocean Side Of Freeway
Roof Type Asphalt
Parking Type Driveway Level, Door-Single, Garage, On Street
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7215008030
Acceptable Financing Cash to New Loan, 1031 Exchange, Submit
Listing Terms Cash to New Loan, 1031 Exchange, Submit
Financing Conventional
Special Listing Condition Standard, Trust
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Bought with Cody Charnell • Buckingham Investments
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