1849 Junipero Avenue
1849 Junipero Avenue
Closed 4/19/21
Closed 4/19/21
Description
1849 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...We are pleased to present 1849 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.
1849 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. Additionally, a buyer can legally convert the 4 Garage spaces to livable Space per Assembly Bill 68. 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. Contact Agent for Marketing Package.
- Listed by Shane Young • DRE #01963090 • Brokerage DRE #00530854 • Marcus & Millichap
Property Details for 1849 Junipero Avenue
Location
Sold By First American Team Realty Inc, Vincent Te, DRE #01972737
Property Details for 1849 Junipero Avenue
| Status | Closed |
|---|---|
| MLS # | PW20236348 |
| Days on Market | 86 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1929 |
| Lot Size | 0.12 AC / 5,404 SF |
| County | Los Angeles County |
Location
Sold By First American Team Realty Inc, Vincent Te, DRE #01972737
Building Information for 1849 Junipero Avenue
Payment Calculator
$6,904 per month
30 year fixed, 7.25% Interest
$6,904
—
$0
Property Information for 1849 Junipero Avenue
- Gross Income: $0
- Gross Scheduled Income: $88,800
- Net Operating Income: $61,020
- Gross Multiplier: 14.58
- Cap Rate: 4.71
- Financing: Cash
- Operating Expense: $25,116
- New Taxes Expense: $16,787
- Gardener Expense: $240
- Fuel Expense: $640
- Pest Control Expense: $200
- Electric Expense: $640
- Insurance Expense: $997
- Maintenance Expense: $2,000
- Other Expense: $2,332
- Other Expense Description: Other
- Trash Expense: $640
- Water Sewer Expense: $640
- Total Expenses: $25,116
- Tax Tract Number: 2350
- Tax Census Tract: 5734.02
- Tax Lot: 8
- Community Features: Curbs
- Laundry: Yes
- Laundry Features: Community
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Level with Street
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Topography: Level
- Levels: One
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Builders Tract Name: Signal Hill
- Builders Tract Code: Signal Hill (SH)
- Unit Type Units Total: 2
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,500
- Unit Type Total Rent: $3,000
- Unit Type Pro Forma: 3600
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,200
- Unit Type Total Rent: $4,400
- Unit Type Pro Forma: 4800
- Unit Type Type: 2
- Rent Controlled: No
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 2
Schools near 1849 Junipero Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Alvarado Elementary School PublicK to 5 | ||
Jessie Nelson Academy Public6 to 8 | ||
Wilson High School Public9 to 12 | ||
Richard D. Browning High Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Marcus & Millichap, Shane Young, DRE #01963090
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.