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2699 E 20th St
Signal Hill, CA 90755
5 units in Signal Hill · Multifamily Property For Sale
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5 Units


Investment Highlights
- Perched on top of Signal Hill
- Garage Parking
- Strong Unit Mix
- impressive city views
- Value-Add & Income Upside
- Legal 4-Plex + Non-Conforming 5th Unit
Executive Summary
Welcome to 2699 E. 20th St., Signal Hill—a 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 you’re looking for a stable long-term hold or a property with value-add potential, this Signal Hill asset checks all the boxes. Don’t miss the chance to own a view property with strong fundamentals in a highly desirable location.
Property Facts In Escrow
| Price Per Unit | $379,800 | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.58% | Lot Size | 0.10 AC |
| Gross Rent Multiplier | 12.84 | Building Size | 5,340 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1964 |
| Zoning | SHR4* - High-rise residential zone | ||
| Price Per Unit | $379,800 |
| Sale Type | Investment |
| Cap Rate | 4.58% |
| Gross Rent Multiplier | 12.84 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 5,340 SF |
| No. Stories | 3 |
| Year Built | 1964 |
| Zoning | SHR4* - High-rise residential zone |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $2,868 | - |
| 3+2 | 1 | $3,895 | - |
| Studios | 1 | $1,595 | - |
Property Taxes
| Parcel Number | 7216-002-018 | Improvements Assessment | $574,490 |
| Land Assessment | $1,127,787 | Total Assessment | $1,702,277 |
Property Taxes
Parcel Number
7216-002-018
Land Assessment
$1,127,787
Improvements Assessment
$574,490
Total Assessment
$1,702,277
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