NOT LISTED FOR SALE

2150 Gaviota Ave Signal Hill, CA 90755

Estimated Value: $833,000 - $1,091,000

3 Beds
2 Baths
2,130 Sq Ft
$452/Sq Ft Est. Value

Last Sold September 03, 2020

Last sale price $700,000 $329 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,907/month

77 Days on Market

Highlights

  • Level Lot
  • 1-Story Property
  • 3-minute walk to Signal Hill Park
  • Alvarado Elementary Rated 9+

About This Home

As of September 2020

Units are available to be re-tenanted.................After Rehab Value of over $1.7M.................Build Two Additional Units.................5.31% cap rate................. We are pleased to present 2150 Gaviota Avenue, a triplex investment property in Signal Hill, California. The property is located between Hill Street and Alamitos Avenue. The property’s convenient location is right by Signal Hill Park, Library, City Hall and Schools; and within walking distance of the Towne Center East Shopping Plaza. 2150 Gaviota Avenue consists of a duplex containing 1 bedroom 1 bathroom units and a 2 bedroom 1 bathroom single family house. In addition to the three units currently on the premises, there is ample space for two additional accessory dwelling units (ADUs) to be built on the lot. Each building is separately metered for gas and electricity. The property also features one two-car garage ready to be converted to an ADU. This offering presents a great opportunity for an investor to acquire an asset in a strong rental market and capture upside in rents. Property to be delivered Vacant. Contact agent for the Marketing Package.

Last Agent to Sell the Property

Shane Young

Younglewin Advisors, Inc. License #01963090 Listed on: 06/10/2020

Last Buyer's Agent

NoEmail NoEmail

None MRML License #N/A

None MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,367

Year Built

  • Built in 1957

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 2,130 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 11 / B
  • Tax Tract Number 2
  • Assessor Parcel Number 7215011012

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $300
  • Fuel Expense $300
  • Gardener Expense $900
  • Insurance Expense $852
  • Maintenance Expense $3,411
  • Trash Expense $300
  • Water Sewer Expense $300
  • New Taxes Expense $9,777
  • Operating Expense $21,466
  • Gross Income $68,220
  • Net Operating Income $44,708

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,367

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.60
  • Property Attached: Yes
  • Subdivision Name Other: Z T NELSON S SIGNAL HILL
  • Water Sewer Expenses: 300.00
  • Zoning: SHCO*
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7215011012
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 328.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Electric Expense: 300.00
  • Fuel Expense: 300.00
  • Gross Income: 68220.00
  • Gross Multiplier: 11.71
  • Gross Operating Income: 66173.00
  • Gross Scheduled Income: 68220.00
  • Insurance Expense: 852.00
  • Lot Size Area: 0.1500 Acres
  • Maintenance Expense: 3411.00
  • Net Operating Income: 44708.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 21465.60
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 21465.60
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9777.00
  • Tax Block: B
  • Tax Census Tract: 5734.02
  • Tax Lot: 11
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2020
Closed on
Aug 20, 2020
Sold by
Pacific Hill Properties Llc
Bought by
Triple Pb Properties Llc
Seller's Agent
Shane Young
Younglewin Advisors, Inc.
Buyer's Agent
NoEmail NoEmail
None MRML
List Price
$845,000
Sold Price
$700,000
Premium/Discount to List
-$145,000
-17.16%
Current Estimated Value
$963,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,441
Avg. Annual Appreciation
6.40%
Original Mortgage
$455,000
Outstanding Balance
$403,617
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$559,824

Purchase Details

Listed on
Jan 17, 2020
Closed on
Feb 4, 2020
Sold by
Pike Linda Le and Gottfried Family Trust
Bought by
Pacific Hill Properties Llc
Seller's Agent
Penny Johnson
Coldwell Banker Realty
Buyer's Agent
Shane Young
Younglewin Advisors, Inc.
List Price
$799,000
Sold Price
$555,268
Premium/Discount to List
-$243,732
-30.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.12%
Original Mortgage
$360,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 2017
Sold by
Pike Linda Lea and Gottfried Robert Joseph
Bought by
Pike Linda Lea and Gottfried Family Trust
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
Triple Pb Properties Llc $700,000 Stewart Title
Pacific Hill Properties Llc $555,500 Ticor Title Company Of Ca
Pike Linda Lea -- None Available
Pike Linda Lea -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Triple Pb Properties Llc $455,000
Previous Owner Pacific Hill Properties Llc $360,000
Previous Owner Pacific Hill Properties Llc $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/03/2020 09/03/20 Sold $700,000 -12.4% $329 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
08/10/2020 08/10/20 Price Changed $799,000 -5.4% $375 / Sq Ft
06/10/2020 06/10/20 For Sale $845,000 +52.2% $397 / Sq Ft
02/28/2020 02/28/20 Sold $555,268 -30.5% $261 / Sq Ft View Prior Sale
02/01/2020 02/01/20 Pending -- -- --
01/17/2020 01/17/20 For Sale $799,000 -- $375 / 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 $10,367 $757,701 $541,216 $216,485
2024 $10,367 $742,845 $530,604 $212,241
2023 $10,198 $728,280 $520,200 $208,080
2022 $9,601 $714,000 $510,000 $204,000
2021 $9,414 $700,000 $500,000 $200,000
2020 $1,660 $49,030 $20,143 $28,887
2019 $1,651 $48,070 $19,749 $28,321
2018 $7,291 $527,909 $323,210 $204,699
2017 $7,219 $517,559 $316,873 $200,686
2016 $1,401 $45,300 $18,611 $26,689
2015 $1,379 $44,621 $18,332 $26,289
2014 $1,398 $43,748 $17,973 $25,775
Source: Public Records

Agents Affiliated with this Home

  • Shane Young

    Seller's Agent in 2020

    Shane Young

    Younglewin Advisors, Inc.

    (562) 556-1118

    2 in this area

    30 Total Sales

    Shane Young
    Section Image

  • P

    Seller's Agent in 2020

    Penny Johnson

    Coldwell Banker Realty

    Section Image

  • N

    Buyer's Agent in 2020

    NoEmail NoEmail

    None MRML

    (646) 541-2551

    1 in this area

    6,001 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20112274

California Regional Multiple Listing Service (CRMLS)

APN: 7215-011-012

California Los Angeles County Signal Hill 90755

2150 Gaviota Ave, Signal Hill, CA

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