NOT LISTED FOR SALE

2701 E Hill St Signal Hill, CA 90755

Estimated Value: $933,000 - $1,161,197

4 Beds
2 Baths
1,560 Sq Ft
$651/Sq Ft Est. Value

Last Sold June 28, 2019

Last sale price $880,000 $564 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,371/month

213 Days on Market

Highlights

  • City Lights View
  • Property is near a park
  • Lawn
  • Woodrow Wilson High School Rated A
  • Corner Lot
  • 3-minute walk to Discovery Well Park

About This Home

As of June 2019

Two-On-A-Lot - Two South facing side by side two bedroom one bath units. Special opportunity to own a spectacular lot. Building code allows two story structure. Central location close to shopping, freeways and entertainment. Floor plans are the same window placement is different. Separate gas and electric meters. Large living rooms with picture widows and two addresses, 2701 and 2715 E Hill St. 2701 is the corner unit with laundry off the kitchen and 2715 with covered outside laundry hook-ups. Corner unit has driveway and parking for two cars. Roof is first layer approximately 10 years old. New trim paint. Properties have been well maintained.

Last Agent to Sell the Property

Dick Caley

Coldwell Banker Beachside Real License #01700559 Listed on: 10/02/2018

Coldwell Banker Beachside Real

Last Buyer's Agent

Hans Dose

Hans Dose, Broker License #01106208

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,716

Year Built

  • Built in 1960

Lot Details

  • 4,538 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Corner Lot
  • Lawn
  • Back and Front Yard

Property Views

  • City Lights
  • Peek-A-Boo

Home Design

  • 1,560 Sq Ft Home
  • Cottage
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • Parking Available
  • Paved Parking

Location

  • Property is near a park

Utilities

  • Cooling System Mounted To A Wall/Window
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 5734
  • Assessor Parcel Number 7215026031

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $675
  • Maintenance Expense $1,000
  • Trash Expense $447
  • Water Sewer Expense $687
  • New Taxes Expense $11,238
  • Operating Expense $11,659
  • Gross Income $44,400
  • Net Operating Income $31,364

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,716

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Signal Hill
  • View: Yes
  • Water Sewer Expenses: 687.00
  • Zoning: SHR4*
  • Architectural Style: Cottage
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7215026031
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 564.10
  • Room Type: All Bedrooms Up

Exterior Features

  • Foundation: Slab
  • View: City Lights, Peek-A-Boo
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Inside, Outside
  • Sewer: Public Sewer
  • Trash Expense: 447.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Lawn, Park Nearby
  • Lot Size Sq Ft: 4538.00
  • Lot Size Acres: 0.1042

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 44400.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 675.00
  • Lot Size Area: 4538.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 31364.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number With Range: 1
  • Number With Refrigerator: 2
  • Operating Expense: 4216.00
  • Rent Control: No
  • Total Actual Rent: 2965.00
  • Total Expenses: 11659.00

Tax Info

  • New Taxes Expense: 11238.00
  • Tax Census Tract: 5734.03
  • Tax Lot: 9
  • Tax Tract Number: 5734

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2016
Sold by
Baldwin Thomas G and The Thomas G Baldwin Trust
Bought by
Baldwin Thomas G and Young Stephen J
Current Estimated Value
$1,014,799

Purchase Details

Closed on
Oct 18, 2010
Sold by
Baldwin Thomas G and Young Stephen J
Bought by
Baldwin Thomas G and Young Stephen J

Purchase Details

Closed on
Apr 22, 2005
Sold by
Benscoter Jule C
Bought by
Baldwin Thomas G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 19, 2005
Sold by
Coffman Larry Lee and Coffman Penny Kay
Bought by
Baldwin Thomas G and Young Stephen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Baldwin Thomas G -- None Available
Baldwin Thomas G -- None Available
Baldwin Thomas G -- First Southwestern Title Com
Young Stephen J -- First Southwestern Title Co
Baldwin Thomas G $695,000 First Southwestern Title Com
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baldwin Thomas G $521,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2019 06/28/19 Sold $880,000 -0.6% $564 / Sq Ft
05/03/2019 05/03/19 Pending -- -- --
11/20/2018 11/20/18 Price Changed $885,000 -1.6% $567 / Sq Ft
10/02/2018 10/02/18 For Sale $899,000 -- $576 / 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 $12,716 $981,651 $752,972 $228,679
2024 $12,716 $962,404 $738,208 $224,196
2023 $12,508 $943,534 $723,734 $219,800
2022 $11,749 $925,035 $709,544 $215,491
2021 $11,526 $906,898 $695,632 $211,266
2020 $11,495 $897,600 $688,500 $209,100
2019 $8,764 $665,000 $465,000 $200,000
2018 $7,889 $600,000 $400,000 $200,000
2016 $5,585 $430,000 $300,000 $130,000
2015 $5,450 $430,000 $300,000 $130,000
2014 $4,949 $380,000 $273,300 $106,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18239778

California Regional Multiple Listing Service (CRMLS)

APN: 7215-026-031