
Signal Hill, California 90755
This Detached Multi-Unit Asset is listed at $1,250,000, representing a strategic acquisition of two separate 3-bedroom, 2-bathroom residences. Built in 1991, the property features a rare Detached Living Configuration and modern infrastructure, including central AC and separate metering. While the $1,070,750 Fair Market Value suggests a premium entry point, the Condition Rating of 5 provides a clear path for forced appreciation through interior modernization. Boasting four garage parking spaces, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on Signal Hill’s high rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1965 Saint Louis Subject | $1,250,000* List Price | 0 | 0 | 2,982 | $359 | - |
A 1984 Raymond Sold | $985,000 | 0 | 0 | 3,172 | $311 | 0.2 mi |
B 2240 Walnut Avenue Active Under Contract | $899,990 List Price | 0 | 0 | 2,511 | $358 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1991, the property is 33 years old with no mention of renovations to kitchens or bathrooms. According to the criteria, properties over 30 years old without significant updates are classified as poor. Visuals show dated exterior finishes and signs of deferred maintenance in the common areas.
The property features two detached single-family style residences on a single lot, offering a high degree of privacy and appeal for both owner-occupants and premium tenants.
Built in 1991, the units are equipped with central AC, in-unit laundry hookups, and separate meters for gas and electricity, significantly reducing owner utility responsibilities.
The inclusion of two double-car garages providing four total parking spaces is a rare and highly valuable asset in the Signal Hill rental market, offering both security and extra storage.
At a $1.25M list price for two units, the high price-per-door may result in a lower initial capitalization rate, potentially deterring investors focused strictly on high immediate yields.
With nearly 3,000 square feet of building area and extensive garage footprints on a 6,376 square foot lot, there is minimal remaining space for private yards or landscaped outdoor living areas.
We are pleased to present 1965 Saint Louis Avenue, located on the west side of Saint Louis Avenue, conveniently situated between East Pacific Coast Highway and East 20th Street in the City of Signal Hill, California. The two-story, two-unit multifamily property was originally built in 1991 and consists of approximately 2,982 square feet of building area on a 6,376 square foot parcel. The property consists of two (2) detached single-family style residences on one lot, each featuring a 3-Bedroom / 2-Bathroom layout. The sought-after unit mix is coupled with generously sized floor plans, with Unit 1 spanning approximately 1,806 square feet and Unit 2 approximately 1,195 square feet, maximizing both rental income potential and owner-occupant appeal. The property boasts two double-car garages totaling four (4) parking spaces, offering tenants and/or owners a rare combination of private parking and additional storage. The front residence is a single-level conventional home with a covered porch, fireplace, and direct street presence. The rear residence sits above the garage on the second level, offering privacy and separation from the front unit. Both homes are wood frame construction with stucco exterior, composition roofing, slab foundation, and central FAU/AC with in-unit washer/dryer for tenant and/or owners convenience. The property is also separately metered gas and electric.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,982 | 2,982 | 50% |
| Lot Size | 6,378 | 6,378 | 50% |
| Price | $1.25M | $1.05M | 86% |
| Price per sq ft | $419 | $419 | 50% |
| Built year | 1991 | 1964 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 78 | 29% |
Apr 24, 2026
$1,250,000
Initial Listing