NOT LISTED FOR SALE

2200 E 21st St Signal Hill, CA 90755

Estimated Value: $1,231,000 - $1,859,000

5 Beds
4 Baths
3,489 Sq Ft
$437/Sq Ft Est. Value

Last Sold April 16, 2019

Last sale price $1,100,000 $315 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $9,299/month

42 Days on Market

Highlights

  • Midcentury Modern Architecture
  • No HOA
  • Laundry Room
  • Alvarado Elementary Rated 9+
  • 4 Car Direct Access Garage
  • Central Heating and Cooling System

About This Home

As of April 2019

Duplex with Amazing 280° views of the Downtown skyline & Pacific Ocean. Beautifully upgraded to modern luxury standard are these (1) spacious 3bedroom, 2-bath upper unit & (1) 2 bedroom, and 2 bath lower unit. Each has direct access 2 car garages and dual central AC with in unit laundry. Inviting upper and lower airy floor plans are amongst the many features of this time period gem. Dream opportunity, you won’t find a nicer Duplex on the market today in Signal Hill. Great as a standalone investment or as a wonderful owner occupant with income. Considerable upside potential in rents. Near many new developments, close walking distance to shopping, new "Mother’s" market, Costco, Home Depot, and more! Rich wood flooring, updated kitchens, bathrooms, countertops, fixtures, recessed lighting are amongst some standouts. Duel balconies from the upstairs unit, features an oversized deck looking into the backyard for entertaining. Downstairs offers direct access to the large fully finished back Patio that is the perfect spot to entertain on all occasions. Very clean design, low maintenance yard, separate metered property with ample additional off street parking. Arguably the nicest Duplex on the market today in Signal Hill.

Last Agent to Sell the Property

Justin Schaller

Lion Heart Realty License #01457879 Listed on: 02/01/2019

Last Buyer's Agent

Justin Miller

Justin Miller, Broker License #01835290

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,896

Year Built

  • Built in 1968 | Remodeled

Lot Details

  • 6,744 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Stucco Fence
  • Fence is in excellent condition
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Tandem Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Midcentury Modern Architecture
  • Turnkey
  • Combination Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,489 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Standard Electricity

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance, telephone, trash collection, water
  • Legal Lot and Block 17 / 2
  • Tax Tract Number 10261
  • Assessor Parcel Number 7216007024

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,800
  • Trash Expense $150
  • New Taxes Expense $16,170
  • Operating Expense $18,120
  • Gross Income $68,580
  • Net Operating Income $57,330

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,896

Year Built

Built in 1968 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.83
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Signal Hill (SH)
  • Zoning: SHR2*
  • Architectural Style: Mid Century Modern
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7216007024
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 315.28

Exterior Features

  • Foundation: Combination
  • Fence: Yes
  • Fencing: Excellent Condition, Stucco Wall
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage Door Opener, Off Street, Private, Tandem Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 150.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6744.00
  • Lot Size Acres: 0.1548

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Telephone, Trash Collection, Water

Multi Family

  • Average2 Bed Area: 1489 Square Feet
  • Average3 Bed Area: 2000 Square Feet
  • Gross Income: 68580.00
  • Gross Multiplier: 15.00
  • Gross Scheduled Income: 68580.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6744.0000 Square Feet
  • Net Operating Income: 57330.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 11250.00
  • Rent Control: No
  • Total Actual Rent: 65340.00
  • Total Expenses: 18120.00

Tax Info

  • New Taxes Expense: 16170.00
  • Tax Block: 2
  • Tax Census Tract: 5734.02
  • Tax Lot: 17
  • Tax Tract Number: 10261

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2019
Closed on
Apr 8, 2019
Sold by
Chhim Jasmine
Bought by
Michael R Wyss and Michael Melissa M Wyss Fmtr
Seller's Agent
Justin Schaller
Lion Heart Realty
Buyer's Agent
Justin Miller
Justin Miller, Broker
List Price
$1,189,000
Sold Price
$1,100,000
Premium/Discount to List
-$89,000
-7.49%
Current Estimated Value
$1,523,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$423,567
Avg. Annual Appreciation
5.11%
Original Mortgage
$522,500
Outstanding Balance
$459,370
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$1,064,197

Purchase Details

Closed on
Sep 22, 2010
Sold by
Phillips Scott and Nadia Sencak Special Needs Tru
Bought by
Chhim Jasmine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2010
Sold by
Phillips Scott and 1999 Thomas Hilton Armor Revoc
Bought by
Phillips Scott and Nadia Sencak Special Needs Tru

Purchase Details

Closed on
Aug 24, 2005
Sold by
Armor Thomas Hilton
Bought by
Armor Thomas Hilton and The 1999 Thomas Hilton Armor T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 1999
Sold by
Armor Thomas Hilton
Bought by
Armor Thomas Hilton and 1999 Thomas Hilton Armor Trust

Purchase Details

Closed on
Nov 29, 1999
Sold by
Edith Armor Trust and Thomas Hilton
Bought by
Armor Thomas Hilton

Purchase Details

Closed on
Jul 31, 1997
Sold by
Armor Edith
Bought by
Armor Edith and The Edith Armor Trust
Source: Public Records

Range of Values:

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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
Michael R Wyss $1,100,000 Ticor Title Natl Com Svcs
Chhim Jasmine $570,000 Chicago Title Company
Phillips Scott -- None Available
Armor Thomas Hilton -- First American Title Ins Co
Armor Thomas Hilton -- First American Title Ins Co
Armor Thomas Hilton -- --
Armor Thomas Hilton -- --
Armor Edith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michael R Wyss $522,500
Previous Owner Chhim Jasmine $365,000
Previous Owner Armor Thomas Hilton $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2019 04/16/19 Sold $1,100,000 -5.9% $315 / Sq Ft
03/15/2019 03/15/19 Pending -- -- --
03/02/2019 03/02/19 Price Changed $1,169,000 -1.7% $335 / Sq Ft
02/01/2019 02/01/19 For Sale $1,189,000 -- $341 / 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 $15,896 $1,227,066 $836,637 $390,429
2024 $15,896 $1,203,007 $820,233 $382,774
2023 $15,639 $1,179,419 $804,150 $375,269
2022 $14,692 $1,156,294 $788,383 $367,911
2021 $14,405 $1,133,623 $772,925 $360,698
2020 $14,364 $1,122,000 $765,000 $357,000
2019 $8,730 $654,643 $344,548 $310,095
2018 $8,447 $641,808 $337,793 $304,015
2016 $7,774 $616,887 $324,677 $292,210
2015 $7,479 $607,622 $319,801 $287,821
2014 $7,432 $595,720 $313,537 $282,183
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19025133

California Regional Multiple Listing Service (CRMLS)

APN: 7216-007-024