2609 E Wall,  Signal Hill CA, 90755 (Residential Income)

3,696 sqft
Status: Sold
MLS#: PW14107464
Skip Slideshow
Last Updated: 12/9/2016 3:04 PM
Description for 2609 E Wall Signal Hill, CA 90755
We are pleased to offer for sale a Signal Hill multi-family investment property located at 2609 Wall Street. Built in 1941 and boasting living space over 3,700 square feet, the rental mix is a highly desirable 4 bedroom 2 bath main home, upper 2 bedroom 1.5 bath, 1 bedroom 1 bath, and separate studio. Three out of four units offer Downtown sunset views and many of the bathrooms have been updated. Each of the units offers a private outdoor space and there are mature plumeria, avocado, and citrus trees. Additionally, there are three separate garage spaces with plentiful off street guest parking. The property is separately metered for electric keeping expenses to a minimum. Fully occupied, your brick and mortar investment garners rents of $70,800 per year due to the dramatic views from downtown Long Beach to downtown Los Angeles. Signal Hill is known for its extensive parks, public improvements, and average household income over $97,000. Economists are predicting increased economic stability with burgeoning private sector growth. With a positive economic outlook and a dense infill location of over 665,000 people in five mile radius, minimize your risk by diversifying into a tangible wealth building asset.
Price
Sold Price:
$960,000
Sold Date:07/17/2014
Los Angeles
3,696 (approx)
PW14107464
Closed
Description
We are pleased to offer for sale a Signal Hill multi-family investment property located at 2609 Wall Street. Built in 1941 and boasting living space over 3,700 square feet, the rental mix is a highly desirable 4 bedroom 2 bath main home, upper 2 bedroom 1.5 bath, 1 bedroom 1 bath, and separate studio. Three out of four units offer Downtown sunset views and many of the bathrooms have been updated. Each of the units offers a private outdoor space and there are mature plumeria, avocado, and citrus trees. Additionally, there are three separate garage spaces with plentiful off street guest parking. The property is separately metered for electric keeping expenses to a minimum. Fully occupied, your brick and mortar investment garners rents of $70,800 per year due to the dramatic views from downtown Long Beach to downtown Los Angeles. Signal Hill is known for its extensive parks, public improvements, and average household income over $97,000. Economists are predicting increased economic stability with burgeoning private sector growth. With a positive economic outlook and a dense infill location of over 665,000 people in five mile radius, minimize your risk by diversifying into a tangible wealth building asset.
Listing Information
Property Type: Cluster, Other
0.22 Acres 3,696 (approx)
1941 Yes- 3 spaces
Sewer Connected
4 Total
Neighborhood
Room Information
Inside, Outside
Interior Features
Electric Range/Cooktop
Hardwood, Carpet Wall to Wall, Ceramic Tile
Window/Wall Unit
Radiant, Wall Unit
Full Copper Plumbing
Living Room
Exterior / Lot Features
3 Garage Spaces, 9 Parking Spaces, Off Street
Composition, Barrel
None
No Pool
City
Curbs Walk, City Road
Driving Directions
From PCH turn right on Temple Avenue and take your first left on Wall Street.
Financial Considerations
7216022023
$70,800 Income ,$8,848Expense
Listing Price History

Signal Hill Real Estate

Signal Hill is located in California. Signal Hill, California 90755 has a population of 10,963.

The median household income in Signal Hill, California 90755 is $65,741. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Signal Hill 90755 is 37.3 years.

Loading nearby sales and history ...
Courtesy: Keller Williams Pacific Estate Jeff Anderson
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation
My Drive Time
Enter your work address to view actual drive times with traffic for this property

No    Yes

Calculate & Save Calculating ...
Calculating ...
Here is the weekday INRIX Drive Time from this property to .

When you register, you will receive ...

Weekday drive times
Plus all these great features

  • Drive Time calculations that inform you about traffic conditions from the property you are interested in to your place of work, along with driving directions.
  • Automatic Drive Time calculations for every property. Simply enter your work address to start.
  • Access to INRIX Drive Time data that is used by Garmin, Pioneer, Toyota, and many other well-known companies.
  • Other benefits from being a registered user including: saved properties, saved searches, price alerts, notes, direct access to your agent and much more!

Register or login today to take advantage of Drive Time
Nearby homes for sale
Recent sales nearby