2348 Lemon Avenue

Signal Hill, CA 90755

$2,995,000
Last Sold Price
18
Beds
9
Baths
7,436 Sq. Ft.
$403 / Sq. Ft.
7,436
Sq. Ft.
$403
per Sq. Ft.

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,...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.
  1. Listed by Christopher Stone • DRE #01311075 • Brokerage DRE #01914434 • Buckingham Investments, Inc.

Property Details for 2348 Lemon Avenue

Parking Spaces Total
9
Private Pool
No
Total Units
9.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7436
Assessor Parcel Number
7211-020-020
Property Attached YN
true

Location

Listing Courtesy of Buckingham Investments, Inc., Christopher Stone, DRE #01311075

Sold By Dilbeck Real Estate, Linda Neino, DRE #01321196

Add your commute
LISTING UPDATED: 04/30/2022 01:06 AM

Property Details for 2348 Lemon Avenue

StatusClosed
MLS #IN21221208
Days on Market52
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.16 AC / 7,152 SF
CountyLos Angeles County

Location

Listing Courtesy of Buckingham Investments, Inc., Christopher Stone, DRE #01311075

Sold By Dilbeck Real Estate, Linda Neino, DRE #01321196

Add your commute

Building Information for 2348 Lemon Avenue

Stories3Residences-Year Built1963Building Size-Lot Size0.16 AC / 7,152 SF

Payment Calculator

$19,782 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,345

Property Taxes

$3,437

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2348 Lemon Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $185,640
  • Gross Scheduled Income: $185,640
  • Net Operating Income: $120,667
  • Financing: Conventional
Expense Details
  • Operating Expense: $64,973
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 4
  • Tax Census Tract: 5734.02
  • CFD/Mello-Roos Fee: $3,034
  • Tax Lot: 19
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments, Buyer to Verify
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: Bath
  • Fireplace Rooms: Bath
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 9
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 9
  • Carport Spaces: 0
  • Parking Features: Assigned
Property / Structure Info
  • Builders Tract Name: Signal Hill
  • Builders Tract Code: Signal Hill (SH)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,615
  • Unit Type Total Rent: $1,615
  • Unit Type Pro Forma: 2350
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2350
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,705
  • Unit Type Total Rent: $1,705
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,705
  • Unit Type Total Rent: $1,705
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,830
  • Unit Type Total Rent: $1,830
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,805
  • Unit Type Total Rent: $1,805
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 8
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,860
  • Unit Type Total Rent: $1,860
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 9
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 1

Property History for 2348 Lemon Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2348 Lemon Avenue

Taxable ValueLand$2,040,000Additions$1,015,620Total$3,055,620
Tax Record2023$41,238 ($3,437 / month)
Home Facts
Total Finished SqFt7,436 SqFtAbove Grade Finished SqFt7,436 SqFtLot Size7,152 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningSHR2*CountyLOS ANGELESAPN7211-020-020

Schools near 2348 Lemon Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Signal Hill Elementary School
PublicK to 5

Jessie Nelson Academy
Public6 to 8

Polytechnic High School
Public9 to 12

Clear Passage Educational Center
Charter9 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.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Buckingham Investments, Inc., Christopher Stone, DRE #01311075

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.