NOT LISTED FOR SALE

2245 E 19th St Signal Hill, CA 90755

Estimated Value: $907,594 - $1,055,000

5 Beds
3 Baths
1,975 Sq Ft
$496/Sq Ft Est. Value

Last Sold December 09, 2020

Last sale price $730,000 $370 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $6,388/month

41 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Alvarado Elementary Rated 9+
  • Level Lot
  • 1-minute walk to Raymond Arbor Park

About This Home

As of December 2020

This is a classic triplex built on a generous size lot. Long term tenants are month to month, a perfect opportunity to improve rents. Close to Signal Hill Park and Hilltop Park. The front two units are a 2 bedroom/1 bath and a 1 Bedroom/1bath. The back unit is a 2 bedroom/1 bath. There is a long driveway for ample parking. All units have separate meters. Shared laundry in the back. This triplex is ready for its new owner. The Cap Rate and Gross Income calculated using conservative Pro Forma rents.

Last Agent to Sell the Property

Mike Dunfee

Dunfee Real Estate Services License #01191497 Listed on: 09/23/2020

Last Buyer's Agent

Josh Ess

Buckingham Investments, Inc License #02035659

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,661

Year Built

  • Built in 1923

Lot Details

  • 4,501 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Home Design

  • Triplex

Interior Spaces

  • 1,975 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • Parking Available
  • Off-Street Parking

Additional Features

  • Exterior Lighting
  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 36
  • Tax Tract Number 5
  • Assessor Parcel Number 7216016013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,200
  • Maintenance Expense $5,235
  • New Taxes Expense $5,737
  • Operating Expense $12,172
  • Gross Income $62,400
  • Net Operating Income $48,356

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,661

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 6.30
  • Other Phone Description: Kevin Dever
  • Other Phone Number: 2484176725
  • Property Attached: Yes
  • Zoning: SHR2*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7216016013
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 369.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 4501.00
  • Lot Size Acres: 0.1033

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 764 Square Feet
  • Average2 Bed Area: 605 Square Feet
  • Gross Income: 62400.00
  • Gross Multiplier: 12.25
  • Gross Operating Income: 60528.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4501.0000 Square Feet
  • Maintenance Expense: 5235.00
  • Net Operating Income: 48356.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 2
  • Number With Refrigerator: 3
  • Operating Expense: 12172.00
  • Rent Control: No
  • Total Actual Rent: 3135.00
  • Total Expenses: 12172.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 5737.00
  • Tax Census Tract: 5734.02
  • Tax Lot: 36
  • Tax Tract Number: 5
  • Tax Annual Amount: 3661.00
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2020
Closed on
Nov 10, 2020
Sold by
Long Krisna and Srep Sophea
Bought by
Li Yanjia and Jin Shengzhe
Seller's Agent
Mike Dunfee
Dunfee Real Estate Services
Buyer's Agent
Josh Ess
Buckingham Investments, Inc
List Price
$765,000
Sold Price
$730,000
Premium/Discount to List
-$35,000
-4.58%
Total Days on Market
41
Current Estimated Value
$979,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,399
Avg. Annual Appreciation
6.75%
Original Mortgage
$547,500
Outstanding Balance
$491,623
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$487,776

Purchase Details

Closed on
Jul 14, 2017
Sold by
Long Krisna and Srep Sophea
Bought by
Long Krisna and Srep Sophea

Purchase Details

Closed on
Jun 7, 2012
Sold by
Long Krisna
Bought by
Long Krisna and Srep Sophea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2009
Sold by
Long Krisna and Srep Sophea
Bought by
Long Krisna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,000
Interest Rate
5.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 1999
Sold by
Ek Shirley J and The Shirley J Ek Living Trust
Bought by
Long Krisna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,937
Interest Rate
7.64%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 5, 1994
Sold by
Ek Shirley
Bought by
Ek Shirley J
Source: Public Records

Similar Homes in Signal Hill, CA

  • 1871 Junipero Ave Unit A, Signal Hill, CA 90755

    $999,000

    • 4 Beds
    • 3 Baths
    • 1,818 Sq Ft
    • 1871 Junipero Ave
    • Unit A
    • Signal Hill, CA

    This property is located close to all amenities. There was some remodelling done in the past year or so. Quiet neighborhood. Great Investment Property.

    Arun Arya Shivam Realtors

    Section Image
  • 2000 Junipero Ave, Signal Hill, CA 90755

    $825,000

    • 4 Beds
    • 2 Baths
    • 1,440 Sq Ft
    • 2000 Junipero Ave
    • Signal Hill, CA

    This charming duplex features two 2-bedroom, 1-bathroom units, each with spacious layouts and ample natural light. One unit has been beautifully remodeled and is move-in ready, while the other offers potential for customization. The property includes a carport for convenient parking and sits on a generous lot with space to build an ADU, adding even more value. Whether you're an investor or

    Richard Rodriguez Keller Williams Coastal Prop

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Li Yanjia $730,000 Orange Coast Title Company
Long Krisna -- None Available
Long Krisna -- Placer Title Company
Long Krisna -- Act
Long Krisna $160,000 Lawyers Title
Ek Shirley J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Yanjia $547,500
Previous Owner Long Krisna $331,500
Previous Owner Long Krisna $337,000
Previous Owner Long Krisna $100,000
Previous Owner Long Krisna $120,000
Previous Owner Long Krisna $160,000
Previous Owner Long Krisna $69,000
Previous Owner Long Krisna $158,000
Previous Owner Long Krisna $158,937
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2020 12/09/20 Sold $730,000 -1.2% $370 / Sq Ft
11/03/2020 11/03/20 Pending -- -- --
10/13/2020 10/13/20 Price Changed $739,000 -3.4% $374 / Sq Ft
09/23/2020 09/23/20 For Sale $765,000 -- $387 / 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
2024 $10,685 $774,681 $530,604 $244,077
2023 $10,510 $759,492 $520,200 $239,292
2022 $9,889 $744,600 $510,000 $234,600
2021 $9,696 $730,000 $500,000 $230,000
2020 $3,695 $225,062 $123,945 $101,117
2019 $3,661 $220,654 $121,515 $99,139
2018 $3,505 $216,333 $119,133 $97,200
2016 $3,259 $207,723 $114,508 $93,215
2015 $3,159 $204,603 $112,788 $91,815
2014 $3,160 $200,596 $110,579 $90,017
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20195257

California Regional Multiple Listing Service (CRMLS)

APN: 7216-016-013