Pleased to present this four (4) unit building located at 1855 Raymond Ave in the highly desirable market of Signal Hill - an enclave completely surrounded by Long Beach. Constructed in 1965 with 4,336 rentable sf on a 6,413 sf lot, the building offers extremely spacious units with a unit mix consisting of three (3) two-bedroom/one-bathroom units and one (1) three-bedroom/two bathroom unit, all separately metered for gas and electric. Additionally, there is onsite laundry along with 4 single car garages, for added income. Offers a significant opportunity to the right investor prepared to add-value to capture maximum rents. Signal Hill is an enclave completely surrounded by Long Beach and afford residents the ability to be surrounded by single family homes with a close proximity to major box retailers (Home Depot, Costco, Best Buy etc). Less than a mile away from Hilltop Park and Sunset View Park, Circle Area Shopping, and an 18-hole golf course residents enjoy vibrant walking and running paths around the community and local parks.
Off market
$1,584,900
1855 Raymond Ave, Signal Hill, CA 90755
--beds
0baths
4,336sqft
MultiFamily
Built in 1956
-- sqft lot
$1,584,900 Zestimate®
$366/sqft
$2,626 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Features
- Common walls with other units/homes: 2+ common walls
Interior area
- Total interior livable area: 4,336 sqft
Property
Lot
- Size: 6,412 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 7216027016
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1956
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Signal Hill
Other
Other facts
- CommunityFeatures: Sidewalks
- PropertyType: Residential Income
- SpecialListingConditions: Standard
- CommonWalls: 2+ common walls
- PreviousStandardStatus: Active
- LotFeatures: 2-5 Units/Acre
- MLSAreaMajor: 8 - Signal Hill
- BuildingAreaUnits: Square Feet
- ElevationUnits: Feet
- LotSizeSource: Assessor
- WaterSource: Public
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Estimated market value
$1,584,900