Seller's Agent in 2022
Gilbert Gutierrez
Real Broker
(562) 548-8147
1 in this area
14 Total Sales
2248 Walnut Ave Signal Hill, CA 90755
Estimated Value: $1,204,000 - $1,580,000
5
Beds
3
Baths
3,666
Sq Ft
$375/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Ocean Side of Freeway
- Park
- Long Beach Polytechnic High School Rated A
- No HOA
- 4-minute walk to Signal Hill Park
About This Home
As of May 2022Value Add Multifamily Investment Opportunity in prime Signal Hill, CA. Market Cap Rate over 6%. The City of Signal Hill has No Municipal Rent Control. Market CAP over 6%, Low Tenant Rents Provide Significant Upside Opportunity. On-Site Rear Parking for Tenants and Opportunity to Create Onsite Coin Laundry. Close Proximity to highways and airports such as 405 (1.3 mi), LGB (3.2 mi), and LAX (19.7 mi). Coastal (3.0 mi) and Downtown (3.5 mi) Access. Centrally Located in Signal Hill. Walking Distance to Signal Hill Elementary & the Signal Hill Public Library & Close to Major Retailers like Costco (0.8 mi) and Home Depot (0.7 mi).
Last Agent to Sell the Property
Real Broker License #02022002 Listed on: 03/18/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,103
Year Built
- Built in 1963
Lot Details
- 5,127 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 1 Car Garage
- Single Garage Door
- Driveway Level
- On-Street Parking
Home Design
- Quadruplex
- Asphalt Roof
Interior Spaces
- 3,666 Sq Ft Home
- 2-Story Property
- Electric Range
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Outdoor Features
- Ocean Side of Freeway
- Exterior Lighting
- Rain Gutters
Location
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 4
- Tax Tract Number 573
- Assessor Parcel Number 7215008030
Community Details
Overview
- No Home Owners Association
- 4 Units
- Signal Hill Subdivision
Recreation
- Golf Course Community
- Park
- Water Sports
- Bike Trail
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- Electric Expense $1,400
- Insurance Expense $1,467
- Trash Expense $3,120
- Water Sewer Expense $2,750
- New Taxes Expense $14,887
- Operating Expense $31,074
- Gross Income $65,184
- Net Operating Income $34,110
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 16, 2024
Sold by
Schultise David
Bought by
David K Schultise Trust and Schultise
Current Estimated Value
Purchase Details
Closed on
May 14, 2007
Sold by
Viera Gerardo D and Viera Sara M
Bought by
Viera Gerardo D
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| David K Schultise Trust | -- | None Listed On Document | |
| Viera Gerardo D | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/24/2022 05/24/22 | Sold | $1,290,000 | 0.0% | $352 / Sq Ft |
| 04/12/2022 04/12/22 | Pending | -- | -- | -- |
| 04/11/2022 04/11/22 | Off Market | $1,290,000 | -- | -- |
| 04/08/2022 04/08/22 | For Sale | $1,249,900 | -3.1% | $341 / Sq Ft |
| 03/28/2022 03/28/22 | Off Market | $1,290,000 | -- | -- |
| 03/18/2022 03/18/22 | For Sale | $1,249,900 | -- | $341 / 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 |
|---|---|---|---|---|
| 2025 | $18,103 | $1,368,957 | $848,966 | $519,991 |
| 2024 | $18,103 | $1,342,116 | $832,320 | $509,796 |
| 2023 | $17,806 | $1,315,800 | $816,000 | $499,800 |
| 2022 | $5,131 | $313,633 | $43,705 | $269,928 |
| 2021 | $5,012 | $307,485 | $42,849 | $264,636 |
| 2019 | $4,950 | $298,827 | $41,579 | $257,248 |
| 2018 | $4,762 | $292,977 | $40,764 | $252,213 |
| 2016 | $4,416 | $281,160 | $39,182 | $241,978 |
| 2015 | $4,281 | $276,938 | $38,594 | $238,344 |
| 2014 | $4,282 | $271,514 | $37,838 | $233,676 |
Source: Public Records
Agents Affiliated with this Home
-
Gilbert Gutierrez
-
Cody Charnell
Buyer's Agent in 2022
Cody Charnell
Sage Real Estate Group, Inc.
(562) 896-3851
2 in this area
48 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22054186
APN: 7215-008-030
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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