NOT LISTED FOR SALE

2671 E Wall St Signal Hill, CA 90755

Estimated Value: $1,794,000 - $2,206,000

10 Beds
8 Baths
5,060 Sq Ft
$397/Sq Ft Est. Value

Last Sold February 09, 2022

Last sale price $1,843,000 $364 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $13,073/month

125 Days on Market

Highlights

  • Laundry Room
  • Back Yard
  • 1-minute walk to Hillbrook Park
  • Alvarado Elementary Rated 9+

About This Home

As of February 2022

This is a large 4-unit building with close proximity to the ocean.. It's a great investment property in the city of Signal Hill with good schools and no rent control. Close to shops and businesses.. Freeway access is a couple of miles away.. Feel the ocean breeze here and enjoy the quite neighborhood. It consists of (3+3), (3+2), (2+2) and (2+1). The front unit is a 2-story 3-bedroom 3-bath. It has a balcony with great city view. There is a 2-bedroom 2-bath on the 2nd floor above garage. Another one is a 3-bedroom 2-bath on the 2nd floor (there is no elevator in this building). There is a 2-bedroom 1-bath in the rear, on the ground floor which has its own private patio. There are 6 garages. Each opens with remote control except 1 garage.. There are 6 parking spaces tandem to the garages to park your 2nd car.. Plenty of street parking...Coin laundry with 1 washer & 1 dryer on-site.. Appliances and heaters in this building all operate with electricity only. Please do not disturb tenants. Drive by only.

Last Agent to Sell the Property

Farah Daie

Kokab Farah Daie License #01097710 Listed on: 07/29/2021

Last Buyer's Agent

Joseph Smylie

First Team Real Estate License #01844159

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,750

Year Built

  • Built in 1968

Lot Details

  • 6,663 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 6 Car Garage

Home Design

  • 5,060 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 6
  • Tax Tract Number 573
  • Assessor Parcel Number 7216022030

Community Details

Overview

  • 4 Units
  • Signal Hill Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $649
  • Gardener Expense $360
  • Insurance Expense $3,747
  • Maintenance Expense $5,016
  • Other Expense $1,751
  • Pest Control $90
  • Trash Expense $951
  • Water Sewer Expense $1,417
  • Operating Expense $13,981
  • Gross Income $108,300
  • Net Operating Income $97,295

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,750

Year Built

Built in 1968

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Signal Hill (SH)
  • Water Sewer Expenses: 1417.00
  • Zoning: SHR3*
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 7216022030
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 364.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 90.00
  • Sewer: Public Sewer
  • Trash Expense: 951.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6663.00
  • Lot Size Acres: 0.1530

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 649.00
  • Gross Income: 108300.00
  • Gross Operating Income: 111276.00
  • Gross Scheduled Income: 111276.00
  • Insurance Expense: 3747.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1440.00
  • Lot Size Area: 6663.0000 Square Feet
  • Maintenance Expense: 5016.00
  • Net Operating Income: 97295.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13981.00
  • Other Expense: 1751.00
  • Other Expense Description: Misc.
  • Rent Control: No
  • Total Actual Rent: 9223.00
  • Total Expenses: 13981.00

Tax Info

  • Tax Census Tract: 5734.02
  • Tax Lot: 6
  • Tax Rate: 1.25
  • Tax Tract Number: 573...
  • Tax Annual Amount: 23750.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Feb 4, 2022
Sold by
Thomas Mammen Family Trust
Bought by
Chukwuezi Bernadette and Chukwuezi Chinedum
Seller's Agent
Farah Daie
Kokab Farah Daie
Buyer's Agent
Joseph Smylie
First Team Real Estate
List Price
$2,100,000
Sold Price
$1,843,000
Premium/Discount to List
-$257,000
-12.24%
Current Estimated Value
$2,011,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,088
Avg. Annual Appreciation
1.97%
Original Mortgage
$1,474,400
Outstanding Balance
$1,374,451
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$600,879

Purchase Details

Closed on
Oct 4, 2017
Sold by
Mammen Thomas and Mammen Thankamma
Bought by
Mammen Thomas V and Mammen Thankamma M

Purchase Details

Closed on
May 1, 2013
Sold by
Burrow Anna
Bought by
Thomas K V and Thomas Jacob Anna

Purchase Details

Closed on
Apr 11, 2013
Sold by
Thomas Kv and Thomas Jacob Anna
Bought by
Thomas Kv and Thomas Jacob Anna

Purchase Details

Closed on
Jan 10, 2013
Sold by
Thomas Kv and Thomas Jacob Anna
Bought by
Thomas Kv and Thomas Jacob Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$593,456
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2009
Sold by
Thomas Kv and Thomas Jacob Anna
Bought by
Thomas Kv and Thomas Jacob Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 2008
Sold by
Jpmorgan Chase Bank National Association
Bought by
Thomas Kv and Thomas Jacob Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2007
Sold by
Ramirez Marcos
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Aug 4, 2006
Sold by
Ramirez Marcos
Bought by
Ramirez Amalia

Purchase Details

Closed on
Oct 24, 2005
Sold by
Wood Robert L and Wood Joan A
Bought by
Wood Robert J and Timber Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$948,000
Interest Rate
8.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 20, 2005
Sold by
Ramirez Amalia
Bought by
Ramirez Marcos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$948,000
Interest Rate
8.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 29, 2005
Sold by
Wells Maria Felix
Bought by
Wells Fargo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$948,000
Interest Rate
8.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 27, 2005
Sold by
Wood Robert L and Wood Joan A
Bought by
Wood Robert J and Timber Investment Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$948,000
Interest Rate
8.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 3, 2004
Sold by
Wood Robert L and Wood Joan A
Bought by
Wood Robert L and Wood Joan A

Purchase Details

Closed on
Apr 27, 1998
Sold by
Owens Robert Charlees
Bought by
Redevelopment Agency Of The City Of Sign

Purchase Details

Closed on
Apr 11, 1995
Sold by
Topa Svgs Bank Fsb
Bought by
Owens Robert Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,225
Interest Rate
8.77%

Purchase Details

Closed on
Feb 9, 1995
Sold by
Dominguez Joe A and Dominguez Juanita N
Bought by
Topa Svgs Bank Fsb
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Chukwuezi Bernadette $1,843,000 Progressive Title
Chukwuezi Bernadette -- Progressive Title
Mammen Thomas V -- None Available
Thomas K V $20,000 Pacific Coast Title Company
Thomas Kv -- None Available
Thomas Kv -- Pacific Coast Title Company
Thomas Kv -- None Available
Thomas Kv $830,000 First American Title Ins Co
Jpmorgan Chase Bank Na $1,027,251 None Available
Ramirez Amalia -- None Available
Wood Robert J -- Ticor Title Co Fullerton
Ramirez Marcos $1,185,000 Ticor Title
Ramirez Marcos -- Ticor Title
Wells Fargo -- Southland Title Company
Wood Robert J -- Ticor Title
Wood Robert L -- --
Redevelopment Agency Of The City Of Sign -- --
Owens Robert Charles $285,000 --
Topa Svgs Bank Fsb $354,667 World Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chukwuezi Bernadette $1,474,400
Previous Owner Thomas Kv $593,456
Previous Owner Thomas Kv $622,500
Previous Owner Ramirez Marcos $948,000
Previous Owner Ramirez Marcos $118,500
Previous Owner Wood Robert J $118,500
Previous Owner Owens Robert Charles $242,225
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2022 02/09/22 Sold $1,843,000 -3.0% $364 / Sq Ft
12/01/2021 12/01/21 Pending -- -- --
08/08/2021 08/08/21 Price Changed $1,900,000 -9.5% $375 / Sq Ft
07/29/2021 07/29/21 For Sale $2,100,000 -- $415 / 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 $25,384 $1,955,805 $1,273,449 $682,356
2024 $25,384 $1,917,457 $1,248,480 $668,977
2023 $24,970 $1,879,860 $1,224,000 $655,860
2022 $12,785 $945,167 $403,679 $541,488
2021 $12,520 $926,635 $395,764 $530,871
2019 $12,351 $899,152 $384,026 $515,126
2018 $11,973 $881,523 $376,497 $505,026
2016 $11,041 $847,294 $361,878 $485,416
2015 $10,244 $800,000 $400,000 $400,000
2014 $9,803 $750,000 $297,700 $452,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21166925

California Regional Multiple Listing Service (CRMLS)

APN: 7216-022-030