Est. cap rate

3.4%

Assumed rent, all units

$6,750/mo

Units

3

Price per unit

$399,667

Est. annual NOI

$40,500

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

4

Building size

2,832 sqft

Lot size

12,003 sqft

Year built

1914

Stories

2

Garage spaces

0

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

0

MLS #

249003166

About this property

FOUR UNITS ON A LARGE LOT WITH A REMODELED 3 BEDROOM MAIN HOUSE! Great opportunity for investors or owner occupants looking for additional rental income! Located in the desirable Signal Hill area, this unique property offers approximately 2,832 square feet of living space on an oversized 12,003 square foot lot. The property features a beautifully remodeled 3 bedroom, 2 bathroom main residence, a rear duplex consisting of two 1 bedroom units, and a separate studio style unit. The main house has been extensively remodeled and features a spacious open floor plan, a beautiful kitchen with updated cabinetry, granite countertops, a large center island, built in microwave, stainless steel appliances, and plenty of space for entertaining. Additional improvements include updated windows, fresh interior and exterior paint, central air conditioning and heating, and a spacious primary bedroom with vaulted ceilings, his and hers closets, and additional space perfect for a home office or sitting area. The property offers great curb appeal with mature palm trees, beautiful landscaping, a welcoming front porch, wood fencing, and a long driveway providing parking for multiple vehicles. The rear units are separated from the main residence by fencing, offering additional privacy. Enjoy the spacious backyard with mature fruit trees, grassy areas, and a covered patio perfect for outdoor gatherings and entertaining. Conveniently located near Signal Hill's popular Hilltop Park, offering beautiful panoramic views of the city, coastline, and surrounding areas. Close to shopping, restaurants, schools, parks, and major freeways, with easy access to Downtown Long Beach, Belmont Shore, beaches, and local entertainment. Live in the beautifully remodeled main house while collecting rental income from the additional three units, or add this unique four unit property to your investment portfolio. With its oversized lot, multiple living spaces, and convenient location, this is an opportunity you don't want to miss! Approximately 2,350 characters, within your 2,500 character MLS limit. Square footage and lot size are based on the figures you provided.

Location

1651 E Hill

Signal Hill, Los Angeles, CA, 90755