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1450-1464 E 29th St
Signal Hill, CA 90755

$1,050,000 USD

Research And Development Condo For Sale  •  3,352 SF

Property Details

  • Property Type Research And Development
  • Total Building Size 30,901 SF
  • Lot Size 1.34 AC
  • Building Class C
  • Year Built 1983
  • Cap Rate 5.40 %
  • Tenancy Multiple
  • Zoning SHGI
40 Transit Score
60 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1464 Flex 3,352 SF $1,050,000 USD
  • Unit Size: 3,352 SF
  • Condo Use: Flex
  • Price: $1,050,000 USD
  • Sale Type: Investment
  • Price/SF: $313.25 USD
Description
• Signal Hill Industrial Condo For Sale
• 12’ x 14’ Ground Level Door with Small Private/ Fenced Yard
• Bonus Mezzanine Not Counted in Square Footage
• 400 Amps, 277/480Volts, 3 Phase
• Part of Larger Multi Tenant Industrial Condo Property

Sale Notes
Investment Sale- In place Lease with a creditworthy tenant through 9/30/32

Description 

This Signal Hill condominium presents an investment opportunity, offered at $313 PSF with a 5.4% cap rate and current NOI of $56,588. The property is fully leased to a credit-worthy tenant under a lease structure featuring 4% annual rent increases through September 30, 2032, providing predictable, growing cash flow throughout the hold period.

Financial Summary

Cap Rate: 5.40 %
Total Expenses: $18,700 USD

Major Tenants

Tenant SF Occupied Lease End Date
Drawing On The Right Side Of The Brain, Inc.
Quelle Bonne Idea LLC
TCC Family Health

Amenities

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Signage
  • Wheelchair Accessible
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 4 min - 1.5 mi
Los Angeles International 28 min - 20.0 mi
John Wayne/Orange County 27 min - 21.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 17
Type: Surface
Included in Rent: Yes
Dustin Wheelan 562-762-3120 GM Properties, Inc.
Dustin Wheelan 562-762-3120 GM Properties, Inc.