NOT LISTED FOR SALE

1867 E Hill St Signal Hill, CA 90755

Estimated Value: $1,519,000 - $2,428,760

16 Beds
10 Baths
4,439 Sq Ft
$445/Sq Ft Est. Value

Last Sold September 25, 2012

Last sale price $945,250 $213 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $11,710/month

93 Days on Market

Highlights

  • Contemporary Architecture
  • No Heating
  • 3-minute walk to Signal Hill Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of September 2012

RARE SIGNAL HILL APARTMENT BUILDING LOCATED ACROSS THE STREET FROM CITY HALL AND POLICE DEPARTMENT. ONE UNIT EVEN HAS PANORAMIC VIEW OF LONG BEACH HARBOR. RENTS ARE LOW FOR THE AREA WITH MANY LONG TERM TENANTS. THIS BUILDING IS PERMITTED FOR 9 UNITS, HOWEVER, UNIT #1867 HAS BEEN SPLIT INTO TWO SEPARATE UNITS, 1865 AND 1867. UNIT 1865 IS NOT PERMITTED. UNIT #1867 COULD BE TURNED BACK INTO A TWO BEDROOM, INSTEAD OF TWO ONE BEDROOMS. SMALL ROOMS ORIGINALLY BUILT AS A MOTEL FOR OIL WORKERS IN 1955, THEN CONVERTED TO AN APARTMENT COMPLEX IN 60'S.

Last Agent to Sell the Property

Kurt Wood

Belmont Brokerage & Mgmt. INC. License #00452182 Listed on: 05/05/2012

Last Buyer's Agent

Kurt Wood

Belmont Brokerage & Mgmt. INC. License #00452182 Listed on: 05/05/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,532

Year Built

  • Built in 1955

Lot Details

  • 7,865

Parking

  • 7 Parking Spaces

Home Design

  • 4,439 Sq Ft Home
  • Contemporary Architecture
  • Stucco

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Bathrooms

Additional Features

  • 7,865 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 0.1
  • Assessor Parcel Number 7215004018

Community Details

Overview

  • 2 Buildings
  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $8,090
  • Net Operating Income $64,073

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,532

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.19
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7215004018
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 212.94

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 7.00

Utilities

  • Heating: No
  • Laundry: No
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7865.00
  • Lot Size Acres: 0.1810

Multi Family

  • Gross Income: 8090.00
  • Gross Multiplier: 10.66
  • Gross Scheduled Income: 97080.00
  • Lot Size Area: 7865.0000 Square Feet
  • Net Operating Income: 64073.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 29124.00
  • Operating Expense Percent: 30.00
  • Total Actual Rent: 8090.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • Tax Area: 5675
  • Tax Lot: 0.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2012
Closed on
Aug 9, 2012
Sold by
Dauk Plilip L
Bought by
Penn Properties Llc
Seller's Agent
Kurt Wood
Belmont Brokerage & Mgmt. INC.
Buyer's Agent
Kurt Wood
Belmont Brokerage & Mgmt. INC.
List Price
$1,035,000
Sold Price
$945,250
Premium/Discount to List
-$89,750
-8.67%
Current Estimated Value
$1,973,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,028,630
Avg. Annual Appreciation
5.79%

Purchase Details

Closed on
Sep 25, 2002
Sold by
Dauk Billie F
Bought by
Dauk Philip L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
5.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 2002
Sold by
Warren David P
Bought by
Dauk Philip L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
5.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 9, 1995
Sold by
Smith Penny D and Brown Dale A
Bought by
Warren David P
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Penn Properties Llc $945,500 Fidelity National Title Co
Dauk Philip L -- Chicago Title
Dauk Philip L $579,000 Chicago Title Co
Warren David P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dauk Philip L $370,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2012 09/25/12 Sold $945,250 -8.7% $213 / Sq Ft
08/06/2012 08/06/12 Pending -- -- --
05/05/2012 05/05/12 For Sale $1,035,000 -- $233 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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
2025 $16,532 $1,163,688 $738,852 $424,836
2024 $16,532 $1,140,871 $724,365 $416,506
2023 $16,265 $1,118,502 $710,162 $408,340
2022 $15,342 $1,096,572 $696,238 $400,334
2021 $15,038 $1,075,072 $682,587 $392,485
2019 $14,845 $1,044,557 $662,342 $382,215
2018 $14,449 $1,024,103 $649,355 $374,748
2016 $13,345 $983,021 $624,141 $358,880
2015 $12,871 $968,256 $614,766 $353,490
2014 $12,838 $949,290 $602,724 $346,566
Source: Public Records

Agents Affiliated with this Home

  • Kurt Wood

    Seller's Agent in 2012

    Kurt Wood

    Belmont Brokerage & Mgmt. INC.

    (562) 301-6763

    1 in this area

    20 Total Sales

    Kurt Wood
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P821234

California Regional Multiple Listing Service (CRMLS)

APN: 7215-004-018

California Los Angeles County Signal Hill 90755

1867 E Hill St, Signal Hill, CA

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