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2107 Cherry Ave

3,190 SF Office Building Signal Hill, CA 90755 £1,216,736 (£381/SF) 4.30% Net Initial Yield

Investment Highlights

  • Prime location.
  • 2 building multi-tenant mixed use commercial, office, residential property.
  • High street visibility.
  • Next to Signal Hill Park

Executive Summary

Building 1: 1,600 SF vacant commercial office
4 office suite, kitchenette, 1 restroom - also available for lease
Building 2: 1st Floor: 1,040 SF fully occupied commercial suite
2nd Floor 1,040 SF occupied residential
Cap Rate based on projected occupancy at market rent

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,190 SF
Building Class
B
Year Built
1953
Price
£1,216,736
Price Per SF
£381
Net Initial Yield
4.30%
NOI
£52,320
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
3,190 SF
Building FAR
0.41
Land Acres
0.18 AC
Zoning
RLM-1 - Legal Non-Conforming
Parking
5 Spaces (1.57 Spaces per 1,000 SF Leased)

Amenities

  • Kitchen
  • Monument Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 7215-012-002
  • 7215-013-012
Land Assessment
£23,727
Improvements Assessment
£66,206
Total Assessment
£89,933
  • Listing ID: 33111816

  • Date on Market: 09/09/2024

  • Last Updated:

  • Address: 2107 Cherry Ave, Signal Hill, CA 90755

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