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Key Details
Sold Price $775,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Signal Hill (Sh)
MLS Listing ID OC19261249
Sold Date 12/24/19
HOA Y/N No
Year Built 1950
Lot Size 6,969 Sqft
Property Description
*5.6% Cap Rate* RARE opportunity to own this corner lot duplex with incredible views of downtown Long Beach and San Pedro harbour in one of Signal Hills up and coming areas! The first unit consists of a 2 bed,1 bath, with a den/office and has an abundance of natural light as well as a large living space. Another possibility would be to convert the downstairs den (444 sqft) into a studio apartment since there is direct access to the den from the outside. This studio already has an existing kitchen, shower, and bathroom. Title currently has the property listed as a triplex although it is being used as a duplex. The second unit is a large one bedroom one bathroom apartment. Fabulous location as you are across the street from City Hall, the brand new library, and Rec Center. Also you are minutes away from the beach, Mother's Market, great dining & entertainment, brand new shopping centers and much more. A great investment opportunity to get in early on a vastly growing area of Signal Hill. FYI the seller also owns the property next door and is willing to sell both properties as a bundled deal. You could have a 12,000 sqft corner lot to develop or combine together as a once in a lifetime rare and unique investment opportunity.
Location
State CA
County Los Angeles
Area 8 - Signal Hill
Zoning SHR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Urban
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7215005016
Acceptable Financing Cash, Cash to New Loan, Conventional, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Submit
Financing Cash to Loan
Special Listing Condition Standard, Trust
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Bought with Elyssa Apodaca • Keller Williams Pacific Estate