4-Unit Multifamily
New
For Sale
$1,199,000
1651 E Hl, Signal Hill, CA 90755
A renovated two-bedroom main residence accompanies three additional rental units on one property.
Property Size2,832 SF
Lot Size0.28 Acres
Price / SF$423.38
Days on Market2
Property Features for 1651 E Hl
General Information
Standard status
Active
Size
2,832 SF
Lot size
0.28 Acres
Property subtype
Investment
Units
Unit Mix
1 x 2BR/2BA, 3 x 1BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
central air conditioning and heating
updated kitchen
landscaping
covered patio
Building Details
Building Size
2,832 SF
Year Built
1914
Buildings
3
Units
4
Listing Agency:
Kato Group dba Circle Real Estate
Listed By:
Ricardo Ceballos Jr. · License #01371690
(562) 393-6182
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 3:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kato Group dba Circle Real Estate
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Investment Insights
Based on property information with market context.
Built in 1914, this four-unit multifamily property contains approximately 2,832 square feet on a 12,003-square-foot lot. The remodeled main house has two bedrooms and two bathrooms, an open living area, and a kitchen with updated cabinetry, granite counters, a center island, and stainless steel appliances. Updated windows, fresh interior and exterior paint, and central heating and air conditioning are also noted. The other residences comprise a rear duplex with two one-bedroom, one-bathroom units and a separate one-bedroom, one-bathroom dwelling.
The fenced rear units are set apart from the main house. Outdoor features include a covered patio, grassy areas, mature fruit trees, landscaping, a front porch, and a long driveway with space for multiple vehicles. The property is near Hilltop Park and has access to shopping, restaurants, schools, parks, and major freeways. Walk Score is 82, Bike Score is 72, and Transit Score is 63.
The fenced rear units are set apart from the main house. Outdoor features include a covered patio, grassy areas, mature fruit trees, landscaping, a front porch, and a long driveway with space for multiple vehicles. The property is near Hilltop Park and has access to shopping, restaurants, schools, parks, and major freeways. Walk Score is 82, Bike Score is 72, and Transit Score is 63.
Key Highlights
- Four residences: a 2‑bedroom, 2‑bathroom main house, two 1‑bedroom, 1‑bathroom duplex units, and a separate 1‑bedroom, 1‑bathroom unit
- Approximately 2,832 square feet of living space on a 12,003‑square‑foot lot
- Main residence includes a remodeled kitchen with granite countertops, center island, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,569
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,380
$911.4K
Cap Rate 7%
$650,986
$651.0K
Cap Rate 9%
$506,322
$506.3K
Market Conditions
NOI Build-Up for 2,832 SF
Gross rent
$90.1K $31.80/SF
− Vacancy
−$7.2K −$2.54/SF
EGI
$82.9K $29.26/SF
− OpEx
−$37.3K −$13.17/SF
NOI
$45.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,380
Cap Rate 7%
$650,986
Cap Rate 9%
$506,322
Alternative Uses
Best Use
Apartment 5plus
$651.0K
$569.6K – $759.5K
NOI $45,569 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,137 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,483
Businesses Nearby
Explore this area
Business Placement
Demographics for 90755, CA
11,923
Population
5,071
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
88%
High-School Grad
2.2 sq mi
ZIP Area
5,420
Density / Sq Mi
$102,684
Median Household Income
$61,069
Median Earnings
$1,817
Median Rent
$730,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A renovated two-bedroom main residence accompanies three additional rental units on one property.
Where is this multifamily property located?
The property is located at 1651 E Hl Signal Hill, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Four residences: a 2‑bedroom, 2‑bathroom main house, two 1‑bedroom, 1‑bathroom duplex units, and a separate 1‑bedroom, 1‑bathroom unit; Approximately 2,832 square feet of living space on a 12,003‑square‑foot lot; Main residence includes a remodeled kitchen with granite countertops, center island, and stainless steel appliances
