1849 Junipero Ave Signal Hill, CA 90755
Estimated Value: $1,339,000 - $1,730,000
3
Beds
2
Baths
2,216
Sq Ft
$669/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- 1-Story Property
- Alvarado Elementary Rated 9+
- Level Lot
- 3-minute walk to Raymond Arbor Park
About This Home
As of April 2021We 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.
Last Agent to Sell the Property
Younglewin Advisors, Inc. License #01963090 Listed on: 11/09/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,991
Year Built
- Built in 1929
Lot Details
- 5,404 Sq Ft Lot
- 1 Common Wall
- Level Lot
Home Design
- Apartment
Interior Spaces
- 2,216 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 2350
- Assessor Parcel Number 7216026006
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Signal Hill Subdivision
Amenities
- Laundry Facilities
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $640
- Fuel Expense $640
- Gardener Expense $240
- Insurance Expense $997
- Maintenance Expense $2,000
- Other Expense $2,332
- Pest Control $200
- Trash Expense $640
- Water Sewer Expense $640
- New Taxes Expense $16,787
- Operating Expense $25,116
- Net Operating Income $61,020
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 9, 2020
Closed on
Mar 26, 2021
Sold by
Ear Paula
Bought by
Earr Victor
Seller's Agent
Shane Young
Younglewin Advisors, Inc.
Buyer's Agent
Vincent Te
Home Smart Realty Group
List Price
$1,350,000
Sold Price
$1,265,000
Premium/Discount to List
-$85,000
-6.3%
Total Days on Market
86
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,598
Avg. Annual Appreciation
3.76%
Original Mortgage
$941,250
Outstanding Balance
$858,985
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$615,483
Purchase Details
Listed on
Nov 9, 2020
Closed on
Mar 24, 2021
Sold by
Galaxy 26 Llc
Bought by
Earr Victor and Ear Emily
Seller's Agent
Shane Young
Younglewin Advisors, Inc.
Buyer's Agent
Vincent Te
Home Smart Realty Group
List Price
$1,350,000
Sold Price
$1,265,000
Premium/Discount to List
-$85,000
-6.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$941,250
Outstanding Balance
$858,985
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$615,483
Purchase Details
Closed on
Oct 31, 2018
Sold by
Farmers And Merchants Trust Company Of L
Bought by
Galaxy 26 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
4.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 9, 2009
Sold by
Markalonis John
Bought by
Markalonis John and John Markalonis Revocable Trus
Similar Homes in Signal Hill, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Earr Victor | -- | Ticor Title | |
| Earr Victor | $1,265,000 | Ticor Title | |
| Galaxy 26 Llc | $808,000 | Yicor Title Company Of Calif | |
| Markalonis John | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Earr Victor | $941,250 | |
| Closed | Galaxy 26 Llc | $1,000,000 | |
| Previous Owner | Galaxy 26 Llc | $850,000 | |
| Previous Owner | Galaxy 26 Llc | $850,000 | |
| Previous Owner | Markalonis John | $35,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/19/2021 04/19/21 | Sold | $1,265,000 | -2.3% | $571 / Sq Ft |
| 02/03/2021 02/03/21 | Pending | -- | -- | -- |
| 01/25/2021 01/25/21 | Price Changed | $1,295,000 | -1.5% | $584 / Sq Ft |
| 01/11/2021 01/11/21 | Price Changed | $1,315,000 | -0.8% | $593 / Sq Ft |
| 12/15/2020 12/15/20 | Price Changed | $1,325,000 | -1.9% | $598 / Sq Ft |
| 11/09/2020 11/09/20 | For Sale | $1,350,000 | -- | $609 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $17,991 | $1,342,427 | $848,966 | $493,461 |
| 2023 | $17,694 | $1,316,106 | $832,320 | $483,786 |
| 2022 | $16,631 | $1,290,300 | $816,000 | $474,300 |
| 2021 | $11,165 | $832,697 | $618,340 | $214,357 |
| 2020 | $11,135 | $824,160 | $612,000 | $212,160 |
| 2019 | $11,016 | $808,000 | $600,000 | $208,000 |
| 2018 | $4,652 | $291,676 | $123,531 | $168,145 |
| 2016 | $4,331 | $280,352 | $118,735 | $161,617 |
| 2015 | $4,195 | $276,142 | $116,952 | $159,190 |
| 2014 | $4,197 | $270,734 | $114,662 | $156,072 |
Source: Public Records
Agents Affiliated with this Home
-
Shane Young
Seller's Agent in 2021
Shane Young
Younglewin Advisors, Inc.
(562) 556-1118
3 in this area
31 Total Sales
-
Vincent Te
Buyer's Agent in 2021
Vincent Te
Home Smart Realty Group
(562) 341-5405
1 in this area
17 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20236348
APN: 7216-026-006
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