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1855 Raymond Avenue, Signal Hill, CA

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1855 Raymond Avenue

Signal Hill, CA 90755-5938 - Signal Hill MF Submarket

Property Type:Multi-Family Number of Units:4 Status:Existing Year Built:1965
Stories:2 Building Size:4,336 SF Land Area:.15 AC (6,412 SF)
For Sale Price:$999,000 Price/Unit:$249,750.00 Cap Rate:7.92 % GRM:-

Parking:.92 Parking Spaces / 1,000 SF

Sale Notes:
Field Commercial is 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. Currently the bldg is 100% vacant and offers a significant opportunity to the right investor prepared to add-value to capture maximum rents.

Keller Williams Realty Mid Wilshire
Byron Field
(323) 762-2600

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