5-Unit Apartment
For Sale
$1,875,000
Pending
2699 E 20th, Signal Hill, CA 90755
The residential mix combines a penthouse, three two-bedroom units, and a studio.
Property Size5,340 SF
Days on Market64
Property Features for 2699 E 20th
General Information
Standard status
Pending
Size
5,340 SF
Total Parking Spaces
4
Property subtype
Residential Income
Net Operating Income
$107,385
Units
Unit Mix
1 x 3BR/2BA, 3 x 2BR/2BA, 1 x studio
Multifamily Units
5
Amenities
Curbs, Park, Sidewalks
Wall Furnace
Assigned
Traditional
Building Details
Building Size
5,340 SF
Year Built
1964
Buildings
1
Stories
3
Listing Agency:
eXp Realty of California Inc
Listed By:
Jeff Anderson · License #01729514
(562) 261-0310
Source:
Evrealestate
Added: Aug 21
Changed: Oct 21
Last Checked: Oct 23 at 8:27AM
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 eXp Realty of California Inc
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Investment Insights
Based on property information with market context.
Built in 1964, this five-unit apartment property includes a three-bedroom, two-bath penthouse, three two-bedroom, two-bath apartments, and a studio. The penthouse has city views. Four garages are attached to the building, and the property has updated interiors and fresh exterior paint.
The property is in Signal Hill, California. Its unit mix ranges from a studio to a three-bedroom penthouse, with attached garage space serving four units.
The property is in Signal Hill, California. Its unit mix ranges from a studio to a three-bedroom penthouse, with attached garage space serving four units.
Key Highlights
- Five legal, conforming units: one 3‑bedroom, 2‑bath penthouse, three 2‑bedroom, 2‑bath units, and one studio
- Four attached garages
- Built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,925
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,718,500
$1.7M
Cap Rate 7%
$1,227,500
$1.2M
Cap Rate 9%
$954,722
$954.7K
Market Conditions
NOI Build-Up for 5,340 SF
Gross rent
$169.8K $31.80/SF
− Vacancy
−$13.6K −$2.54/SF
EGI
$156.2K $29.26/SF
− OpEx
−$70.3K −$13.17/SF
NOI
$85.9K $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%
$1,718,500
Cap Rate 7%
$1,227,500
Cap Rate 9%
$954,722
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,925 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.86M
$2.50M – $3.34M
NOI $200,131 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,259
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?
Apartment building - The residential mix combines a penthouse, three two-bedroom units, and a studio.
Where is this apartment building located?
The property is located at 2699 E 20th Signal Hill, CA.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Five legal, conforming units: one 3‑bedroom, 2‑bath penthouse, three 2‑bedroom, 2‑bath units, and one studio; Four attached garages; Built in 1964
