Multifamily

1849 Junipero Ave

1849 Junipero Ave, Signal Hill, CA 90755

Listing Price: $1,295,000

Cap Rate
4.71%
Number of Units
4
Price/Unit
$323,750
Price/Gross SF
$584.39
Gross SF
2,216

Investment Overview

Marcus & Millichap is 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 mar- ket 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 Beautifica- tion 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 refur- bished 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.

Investment Highlights

  • Two 2 Bedroom 1 Bathroom Units and Two 1 Bedroom 1 Bathroom Units
  • 4 Garages - Buyer Can Legally Convert to Additional Units per AB68
  • Potential Upside In Rents - Signal Hill is 72.1% Renter Occupied
  • Very Walkable 70 Walk Score
  • Desirable Signal Hill Location with Quick Access to PCH and 405
  • The City of Signal Hill is currently not subject to any municipal rent control ordinance
  • Subject Property was Awarded the Beautification and Sustainability Award from the City of Signal Hill for its $150,000+ in Renovations

Exclusively Listed By

  • Steve Bogie Bogoyevac

    Senior Managing Director Investments

    (424) 405-3826

    Email Steve Bogie

    License(s): CA: 01332755

    South Bay

  • Shane Young

    First Vice President Investments

    Email Shane

    License(s): CA: 01963090

    South Bay

Listing Price: $1,295,000

Cap Rate
4.71%
Number of Units
4
Price/Unit
$323,750
Price/Gross SF
$584.39
Gross SF
2,216

Investment Highlights

  • Two 2 Bedroom 1 Bathroom Units and Two 1 Bedroom 1 Bathroom Units
  • 4 Garages - Buyer Can Legally Convert to Additional Units per AB68
  • Potential Upside In Rents - Signal Hill is 72.1% Renter Occupied
  • Very Walkable 70 Walk Score
  • Desirable Signal Hill Location with Quick Access to PCH and 405
  • The City of Signal Hill is currently not subject to any municipal rent control ordinance
  • Subject Property was Awarded the Beautification and Sustainability Award from the City of Signal Hill for its $150,000+ in Renovations

Investment Overview

Marcus & Millichap is 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 mar- ket 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 Beautifica- tion 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 refur- bished 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.

Exclusively Listed By

  • Steve Bogie Bogoyevac

    Senior Managing Director Investments

    (424) 405-3826

    Email Steve Bogie

    License(s): CA: 01332755

    South Bay

  • Shane Young

    First Vice President Investments

    Email Shane

    License(s): CA: 01963090

    South Bay

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