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2107 Cherry Ave

3,190 SF Office Building Signal Hill, CA 90755 $2,171,953 CAD ($681 CAD/SF) 4.30% Cap Rate

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
$2,171,953 CAD
Price Per SF
$681 CAD
Cap Rate
4.30%
NOI
$93,394 CAD
Tenancy
Multiple
Building Height
1 Story
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
$42,250 CAD
Improvements Assessment
$117,890 CAD
Total Assessment
$160,140 CAD
  • Listing ID: 33111816

  • Date on Market: 2024-09-09

  • Last Updated:

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

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