2107 Cherry Ave
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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
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
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
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PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £66,206 | |
Land Assessment | £23,727 | Total Assessment | £89,933 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£23,727
Improvements Assessment
£66,206
Total Assessment
£89,933
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2107 Cherry Ave
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