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1899 Freeman Avenue, Signal Hill, CA 90755

Commercial property

1899 Freeman Avenue, Signal Hill, CA 90755 Sold November 2023 CRMLS
$1,665,000Sold November 2023

Listing Agent: Ben Lara (DRE #00879626) · Listing Office: American Pacific Realty · Contact: 714-793-3999 · Bought with: Hoyt Hochman · Re/Max Platinum Properties · MLS #OC23124254 · Source: CRMLS

6,080
Building Sq Ft
5.38%
Cap Rate
$91,006
NOI
13,097 sqft
Lot Size
1975
Year Built
Commercial property
Type

About this commercial property

Five unit multi-tenant industrial property located in the Signal Hill industrial district. Perfect for an owner-user or keep as a leased investment. Each unit has a small office, restroom, and warehouse area. Minimum warehouse clearance is approximately 13 - 14 feet. Warehouse access is from a metal ground level overhead door; office access from a metal framed glass door. There is a single skylight in the warehouse area of each unit. There are a total of 11 parking spaces reflecting a parking ratio of 1.8/1,000 sf of building area. The property is well-maintained in good condition. Current rents are below market; there is very good upside potential on rents. All tenants on a "month-to-month" lease term.

Listing description from the November 2023 sale, as reported to CRMLS.

Sale history

$1,665,000
Sold November 2023 · listed $1,675,000, on market July 2023 · MLS #OC23124254 · Source: CRMLS
Listing Agent: Ben Lara · Listing Office: American Pacific Realty · Contact: 714-793-3999 · Bought with: Hoyt Hochman · Re/Max Platinum Properties
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