NOT LISTED FOR SALE

2300 Lewis Ave Signal Hill, CA 90755

6 Beds
5 Baths
7,800 Sq Ft
0.27 Acres

Last Sold January 09, 2017

Last sale price $1,460,000 $187 Per Sq Ft

33 Days on Market

Highlights

  • No Units Above
  • Open Floorplan
  • Fireplace in Primary Bedroom
  • Long Beach Polytechnic High School Rated A
  • Dual Staircase
  • 4-minute walk to Calbrisas Park

About This Home

As of January 2017

Rare opportunity to own six townhouse styled units; all units have private backyards and two parking spaces. Roof is five years old and four units have had kitchen cabinets partially or fully replaced. Five of the six units have had all or some flooring or carpeting replaced. All units have washer and dryers connections. Yard was landscaped and timed auto sprinklers installed. Owner also installed security fencing around front courtyard. Building is located at the end of a cul de sac street, where a nice combination of single family homes and apartments co exist. The location is near Long Beach Memorial Hospital, the 405 Freeway, Home Depot, Best Buy, Costco auto dealerships and employment.

Last Agent to Sell the Property

Lou Meza

Buckingham Investments, Inc. License #00983625 Listed on: 10/22/2016

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.27 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Cul-De-Sac
  • Wrought Iron Fence
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Fence is in average condition
  • Landscaped
  • Level Lot
  • Irregular Lot
  • Back and Side Yard Sprinklers
  • Lawn
  • Back and Front Yard

Home Design

  • Contemporary Architecture
  • Apartment
  • Flat Roof Shape
  • Fire Rated Drywall
  • Composition Roof
  • Partial Copper Plumbing
  • Plaster
  • Stucco

Interior Spaces

  • 7,800 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Dual Staircase
  • Electric Fireplace
  • Sliding Doors
  • Living Room with Fireplace

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Formica Countertops
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Walk-In Closet
  • 5 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • 220 Volts In Laundry
  • Washer and Electric Dryer Hookup

Parking

  • Parking Available
  • Assigned Parking

Accessible Home Design

  • Halls are 36 inches wide or more
  • Low Pile Carpeting
  • Accessible Parking

Outdoor Features

  • Fireplace in Patio
  • Exterior Lighting

Utilities

  • Radiant Heating System
  • Natural Gas Not Available
  • Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 23
  • Tax Tract Number 5734
  • Assessor Parcel Number 7211021027

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $295
  • Gardener Expense $1,567
  • Insurance Expense $3,646
  • Maintenance Expense $4,456
  • Other Expense $1,055
  • Pest Control $560
  • Professional Management Expense $6,535
  • Trash Expense $1,897
  • Water Sewer Expense $2,111
  • New Taxes Expense $14,500
  • Operating Expense $36,622
  • Gross Income $108,900
  • Net Operating Income $72,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 4.98
  • Professional Management Expense: 6535.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Signal Hill (SH)
  • Water Sewer Expenses: 2111.00
  • Architectural Style: Contemporary
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1567.00
  • Parcel Number: 7211021027
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Copper Plumbing Partial, Formica Counters, Open Floorplan
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Laminate, Carpet
  • Accessibility Features: 36 Inch Or More Wide Halls, Low Pile Carpeting, Parking
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Fireplace Features: Bath, Kitchen, Living Room, Master Bedroom, Patio, Electric
  • Levels: Two
  • Price Per Square Foot: 187.18
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Walk-In Closet

Exterior Features

  • Exterior Features: Lighting, Satellite Dish
  • Fence: Yes
  • Fencing: Average Condition, Block, Chain Link, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Flat
  • Construction Materials: Drywall Walls, Plaster, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Not Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Cooktop, Disposal, Water Heater
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Radiant
  • Laundry Features: Electric Dryer Hookup, In Kitchen, Washer Hookup
  • Pest Control Expense: 560.00
  • Sewer: Public Sewer
  • Trash Expense: 1897.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Irregular Lot, Sprinkler System, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer
  • Lot Size Sq Ft: 11905.00
  • Lot Size Acres: 0.2733

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average3 Bed Area: 1300 Square Feet
  • Electric Expense: 295.00
  • Gross Income: 108900.00
  • Gross Multiplier: 13.31
  • Gross Scheduled Income: 108900.00
  • Insurance Expense: 3646.00
  • Lot Size Area: 11905.0000 Square Feet
  • Maintenance Expense: 4456.00
  • Net Operating Income: 72280.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Patio: 6
  • Operating Expense: 36620.00
  • Other Expense: 1055.00
  • Other Expense Description: legal
  • Rent Control: No
  • Total Actual Rent: 9075.00
  • Total Expenses: 36622.00

Tax Info

  • New Taxes Expense: 14500.00
  • Tax Lot: 23
  • Tax Tract Number: 5734.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2017 01/09/17 Sold $1,460,000 +0.7% $187 / Sq Ft
10/22/2016 10/22/16 For Sale $1,450,000 -- $186 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lou Meza

    Buckingham Investments, Inc.

    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,978 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN16731677

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Signal Hill 90755

2300 Lewis Ave, Signal Hill, CA

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California Regional Multiple Listing Service (CRMLS) 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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