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2248 Walnut Ave Sold

  • $1249900
  • 9 beds
  • 5 baths
  • 3666 sqft
Rare Signal Hill, CA Apartment For Sale  at 2248 Walnut Ave

Value Add Multifamily Apartment Investment Opportunity in prime Signal Hill, CA. Market Cap Rate over 6%. The City of Signal Hill has No Municipal Rent Control. Low Tenant Rents Provide Significant Upside Opportunity. On-Site Rear Parking for Tenants and Opportunity to Create Onsite Coin Laundry. Close Proximity to highways and airports such as 405 (1.3 mi), LGB (3.2 mi), and LAX (19.7 mi). Coastal (3.0 mi) and Downtown (3.5 mi) Access. Centrally Located in Signal Hill. Walking Distance to Signal Hill Elementary & the Signal Hill Public Library & Close to Major Retailers like Costco (0.8 mi) and Home Depot (0.7 mi).

 

Download the Offering Memorandum Below

Price:
$1249900
Address:
2248 Walnut Ave
Signal Hill, CA 90755
Square Feet:
3666
Lot Size:
5127
Bedrooms:
9
Bathrooms:
5
Terms:
For Sale
Property Type:
Multi-family
Year Built:
1963
MLS #:
PW22054186

Additional Features

- City of Signal Hill has No Municipal Rent Control - Tenant On Site Rear Parking - Opportunity to Create Onsite Coin Laundry - Centrally Located in Signal Hill. Walking Distance to Signal Hill Elementary & the Signal Hill Public Library.

Call (562) 548-8147 for more details

Property Location