1965 St Louis Ave — Sale in Signal Hill, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Signal Hill, CA 90755

Investment Figures

Cap rate
3.65%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 1965 Saint Louis Avenue, located on the west side of Saint Louis Avenue, conveniently situated between East Pacific Coast Highway and East 20th Street in the City of Signal Hill, California. The two-story, two-unit multifamily property was originally built in 1991 and consists of approximately 2,982 square feet of building area on a 6,376 square foot parcel. The property consists of two (2) detached single-family style residences on one lot, each featuring a 3-Bedroom / 2-Bathroom layout. The sought-after unit mix is coupled with generously sized floor plans, with Unit 1 spanning approximately 1,806 square feet and Unit 2 approximately 1,195 square feet, maximizing both rental income potential and owner-occupant appeal. The property boasts two double-car garages totaling four (4) parking spaces, offering tenants and/or owners a rare combination of private parking and additional storage. The front residence is a single-level conventional home with a covered porch, fireplace, and direct street presence. The rear residence sits above the garage on the second level, offering privacy and separation from the front unit. Both homes are wood frame construction with stucco exterior, composition roofing, slab foundation, and central FAU/AC with in-unit washer/dryer for tenant and/or owners convenience. The property is also separately metered gas and electric. Situated in Signal Hill the subject property benefits from one of the most supply-constrained submarkets in greater Los Angeles. Signal Hill's close proximity to the beach, the 405 Freeway, Long Beach Airport, and the Port of Long Beach, creates a consistently high demand rental and ownership environment with minimal competing inventory. Tenants enjoy living in a quiet neighborhood containing 771 Single Family Residences within a half-mile radius. It is also a short distance to the Traffic Circle which contains many grocery stores, major retailers and shops as well as a variety of

Market Context

This multifamily in Signal Hill, CA is listed for sale. It is offered at an approximate 3.6% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Signal Hill, CA — view the full market.

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