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1847 Junipero Ave
Signal Hill, CA 90755
Galaxy Apartments · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Two 2 Bedroom 1 Bathroom Units and Two 1 Bedroom 1 Bathroom Units
- Upside in Rents! - 72.1% Renter-Occupied Market
- Desirable Signal Hill Location with Quick Access to PCH and 405
- 4 Garage Spaces
- Very Walkable 70 Walk Score
- The City of Signal Hill is currently not subject to any municipal rent control ordinance
PROPERTY FACTS
| No. Units | 4 | Building Size | 2,216 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1929 |
| Building Class | C | Parking Ratio | 1.81/1,000 SF |
| Lot Size | 0.12 AC | ||
| Zoning | SHR3* | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,216 SF |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | SHR3* |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 1847 JUNIPERO AVE , SIGNAL HILL, CA 90755
Shane Young, in conjunction with Steve Bogoyevac, of Marcus & Millichap are pleased to present 1847 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. 1847 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. 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.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,450 | - |
| 2+1 | 2 | $2,213 | - |
PROPERTY TAXES
| Parcel Number | 7216-026-006 | Improvements Assessment | $503,330 |
| Land Assessment | $865,945 | Total Assessment | $1,369,275 |
PROPERTY TAXES
