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2699 E 20th

Signal Hill, CA 90755

$1,899,000

| 5,340 sq. ft.

Status: Active Area: 8 - Signal Hill
Year Built: 1964 MLS#: PW26011742

Description

Welcome to 2699 E. 20th St., Signal Hill—a rare opportunity to own a well-located 4-plex perched at the top of Signal Hill, offering tremendous city views and strong income potential. This property features a legal 4-unit configuration with a non-conforming 5th unit, allowing investors to benefit from five income streams while maintaining conventional 4-unit residential financing. The unit mix includes one spacious 3-bedroom, 2-bath unit, three 2-bedroom, 2-bath units, and one studio unit, providing a versatile layout that appeals to a wide tenant base. The property offers four large garages, adding both convenience and additional rental value potential. Recent improvements include fresh exterior paint and nicely updated interiors, making this a clean, well-presented asset with minimal immediate capital expenditure needed. There is also clear upside in rents, giving investors the opportunity to increase cash flow over time. Whether you’re looking for a stable long-term hold or a property with value-add potential, this Signal Hill asset checks all the boxes. Don’t miss the chance to own a view property with strong fundamentals in a highly desirable location.

Features

    Other Rooms: All Bedrooms Up Heating: Wall Furnace
    Cooling: None
    Structure Type: Traditional
    Association Amenities: N/A
    Pool Descriptions: None
    Price/sqft: $356
    Parking Spaces: 4
    Total Floors: 3

Listing is Courtesy of: Underwood Mortgage Group | Use of this site means you agree to the Terms of Use

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by Multi-Regional Multiple Listing Service, Inc. ("MRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and MRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.