Skip To Content

    2348 Lemon Avenue

    Signal Hill, CA 90755
    • $2,995,000
    • STATUS: Active
    • ON SITE: 17 Days
    • ID#: IN21221208
    UPDATED: 24 min ago
    $2,995,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Rarely available 9 unit building located in Signal Hill on the south side, with views of the city, Queen Mary, & harbor from a few of the upper units. Great location that is minutes from downtown Long Beach, freeway access, and the beach. This property was built in the 1960s and features separately metered electric & gas, common laundry room, and the two front units have private balconies. The units are well laid out 2 bedroom 1 baths that each come with a 1 car garage. Plenty of room to raise rents, income is 25% or more under market.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-23T07:33:49.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/122109506
    Print Image

    2348 Lemon Avenue Signal Hill, CA 90755

    • Price: $2,995,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: IN21221208
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1963
    Built
    Neighborhood:
    Signal Hill (Sh)
    County:
    Los Angeles
    Area:
    8 - Signal Hill
    Property Description
    Rarely available 9 unit building located in Signal Hill on the south side, with views of the city, Queen Mary, & harbor from a few of the upper units. Great location that is minutes from downtown Long Beach, freeway access, and the beach. This property was built in the 1960s and features separately metered electric & gas, common laundry room, and the two front units have private balconies. The units are well laid out 2 bedroom 1 baths that each come with a 1 car garage. Plenty of room to raise rents, income is 25% or more under market.
    Exterior Features

    Lot Features Rectangular Lot Number Of Separate Electric Meters 10 Parking Features Assigned Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls Fireplace Features Bath Fireplace YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Electric Expense 0 Exclusions Tenant Owned Appliances Garage YN Yes Gross Income 185640 Gross Scheduled Income 185640 Inclusions Appliances Owned By Current Owners Insurance Expense 0 Land Lease YN No Laundry Features Common Area Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 120667 New Construction YN No Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 9 Operating Expense 64973 Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 15470 Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Shr2*

    Listing provided courtesy of Christopher Stone of Buckingham Investments, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-23T07:33:49.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367372590-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367372590-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367372590-1.jpg
    Logo
    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101