4-Unit Multifamily
New
For Sale
$1,199,000
1651 E Hill, Signal Hill, CA 90755
Signal Hill, CA
Property Size2,832 SF
Lot Size0.28 Acres
Price / SF$423.38
Days on Market6
Property Features for 1651 E Hill
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bedroom 3, Laundry Room, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 5, Bathroom 2
Subdivision
Signal Hill (SH)
Lot features
Yard
Directions
Off Cherry West on E. Hill St. On the Right
Standard status
Active
APN
7215008018
Lot size
0.28 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central air conditioning and heating
vaulted ceilings
landscaping
covered patio
mature fruit trees
Building Details
Year built
1914
Floors in Building
2
Number of units
4
Buildings
3
Listing Agency:
Circle Real Estate
(562) 521-9022
Listed By:
Ricardo Ceballos Jr. · License #01371690
(562) 393-6182
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 31 at 3:06AM
MLS# DW26232362
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains approximately 2,832 square feet of living space on a 12,003-square-foot lot. The primary residence has two bedrooms and two bathrooms, with an open-plan layout, updated kitchen, central air conditioning and heating, and remodeled interiors. A rear duplex provides two one-bedroom units, while a separate detached residence adds another one-bedroom unit. The property also includes a backyard with fruit trees, lawn areas, and a covered patio, plus a long driveway for vehicle parking.
The property is in Signal Hill near Hilltop Park, shopping, restaurants, schools, and parks. Major freeways provide access to Downtown Long Beach, Belmont Shore, beaches, and local entertainment. Built in 1914, the property has public water service.
The property is in Signal Hill near Hilltop Park, shopping, restaurants, schools, and parks. Major freeways provide access to Downtown Long Beach, Belmont Shore, beaches, and local entertainment. Built in 1914, the property has public water service.
Key Highlights
- Four residential units: a two‑bedroom main house, two one‑bedroom duplex units, and a separate one‑bedroom residence
- Approximately 2,832 square feet of living space on a 12,003‑square‑foot lot
- Main residence includes an updated kitchen and central air conditioning and heating
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
Location Intelligence
Trade Area within ½ mile
1,483
Businesses Nearby
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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 remodeled two-bedroom residence sits alongside three additional rental units on a 12,003-square-foot parcel.
Where is this multifamily property located?
The property is located at 1651 E Hill 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 residential units: a two‑bedroom main house, two one‑bedroom duplex units, and a separate one‑bedroom residence; Approximately 2,832 square feet of living space on a 12,003‑square‑foot lot; Main residence includes an updated kitchen and central air conditioning and heating
