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2699 E 20th St
Signal Hill, CA 90755
5 units in Signal Hill · Multifamily Property For Sale · 5 Units

Investment Highlights

  • Perched on top of Signal Hill
  • Garage Parking
  • Strong Unit Mix
  • impressive city views
  • Value-Add & Income Upside
  • Legal 4-Plex + Non-Conforming 5th Unit

Executive Summary

Welcome to 2699 E. 20th St., Signal Hill—a rare opportunity to own a well-located 4-plex perched at the top of Signal Hill, offering tremendous city views and strong income potential. This property features a legal 4-unit configuration with a non-conforming 5th unit, allowing investors to benefit from five income streams while maintaining conventional 4-unit residential financing. The unit mix includes one spacious 3-bedroom, 2-bath unit, three 2-bedroom, 2-bath units, and one studio unit, providing a versatile layout that appeals to a wide tenant base. The property offers four large garages, adding both convenience and additional rental value potential. Recent improvements include fresh exterior paint and nicely updated interiors, making this a clean, well-presented asset with minimal immediate capital expenditure needed. There is also clear upside in rents, giving investors the opportunity to increase cash flow over time. Whether you’re looking for a stable long-term hold or a property with value-add potential, this Signal Hill asset checks all the boxes. Don’t miss the chance to own a view property with strong fundamentals in a highly desirable location.

Property Facts

Price Per Unit $528,568 CAD
Sale Type Investment
Cap Rate 4.58%
Gross Rent Multiplier 12.84
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.10 AC
Building Size 5,340 SF
No. Stories 3
Year Built 1964
Zoning SHR4* - High-rise residential zone

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 3 $3,991 CAD -
3+2 1 $5,421 CAD -
Studios 1 $2,220 CAD -

Property Taxes

Property Taxes

Parcel Number
7216-002-018
Land Assessment
$1,569,541 CAD
Improvements Assessment
$799,518 CAD
Total Assessment
$2,369,059 CAD
  • Listing ID: 39843317

  • Date on Market: 2026-03-19

  • Last Updated:

  • Address: 2699 E 20th St, Signal Hill, CA 90755

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