NOT LISTED FOR SALE

2348 Lemon Ave Signal Hill, CA 90755

18 Beds
9 Baths
7,436 Sq Ft
7,152 Sq Ft Lot

Last Sold April 29, 2022

Last sale price $2,995,000 $403 Per Sq Ft

52 Days on Market

Highlights

  • Fireplace in Bathroom
  • No HOA
  • Rectangular Lot
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • 5-minute walk to Calbrisas Park

About This Home

As of April 2022

Rarely available 9 unit building located in Signal Hill on the south side, with views of the city, Queen Mary, & harbor from a few of the upper units. Great location that is minutes from downtown Long Beach, freeway access, and the beach. This property was built in the 1960s and features separately metered electric & gas, common laundry room, and the two front units have private balconies. The units are well laid out 2 bedroom 1 baths that each come with a 1 car garage. Plenty of room to raise rents, income is 25% or more under market.

Last Agent to Sell the Property

Chris Stone

Buckingham Investments, Inc. License #01311075 Listed on: 10/05/2021

Last Buyer's Agent

Linda Neino

Dilbeck Real Estate License #01321196

Dilbeck Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,152 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 9 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 7,436 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 9 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 4
  • Assessor Parcel Number 7211020020
  • $3,034 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 9 Units
  • Signal Hill Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 9 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • 1 Separate Water Meter
  • Gross Income $185,640
  • Net Operating Income $120,667

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

9

Listing Details

  • Assessments: Yes
  • Inclusions: appliances owned by current owners
  • Price Per Unit: 332778
  • Property Attached: Yes
  • Subdivision Name Other: Signal Hill (SH)
  • Zoning: SHR2*
  • Property Type: Residential Income
  • Parcel Number: 7211020020
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Bath
  • Levels: Three Or More
  • Price Per Square Foot: 402.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7152.00
  • Lot Size Acres: 0.1642

Multi Family

  • Gross Income: 185640.00
  • Gross Scheduled Income: 185640.00
  • Lot Size Area: 7152.0000 Square Feet
  • Net Operating Income: 120667.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 64973.00
  • Rent Control: Yes
  • Total Actual Rent: 15470.00

Tax Info

  • Tax Census Tract: 5734.02
  • Tax Lot: 19
  • Tax Tract Number: 4
  • TaxOtherAnnualAssessmentAmount: 3034.00

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $2,995,000 0.0% $403 / Sq Ft
11/26/2021 11/26/21 Pending -- -- --
10/05/2021 10/05/21 For Sale $2,995,000 -- $403 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Chris Stone

    Buckingham Investments, Inc.

    (562) 624-4400

    1 in this area

    5 Total Sales

    Chris Stone
    Section Image
  • Linda Neino

    Buyer's Agent in 2022

    Linda Neino

    Dilbeck Real Estate

    (818) 240-8100

    1 in this area

    26 Total Sales

    Linda Neino
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN21221208

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

2348 Lemon Ave, Signal Hill, CA

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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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