246 East Hullett Street

Long Beach, CA 90805

$1,299,000
Price
5
Beds
4
Baths
3,884 Sq. Ft.
$334 / Sq. Ft.
3,884
Sq. Ft.
$334
per Sq. Ft.

Description

Great opportunity for first-time investors, savvy investors, and not to forget buyers who are looking to offset their mortgage with rental income. This income producing property includes 4 total units consisting of 3 one-bedroom | one-bath units and 1 two-story, two-bedroom | one and a half-bath unit. There are also approved plans and permits for an ADU to be built inside one of the garages that could add an estimated additional $20K of annual income. Some construction has already been done. Property...Great opportunity for first-time investors, savvy investors, and not to forget buyers who are looking to offset their mortgage with rental income. This income producing property includes 4 total units consisting of 3 one-bedroom | one-bath units and 1 two-story, two-bedroom | one and a half-bath unit. There are also approved plans and permits for an ADU to be built inside one of the garages that could add an estimated additional $20K of annual income. Some construction has already been done. Property also features a laundry room, separate gas electric meters, and parking. Property has a tremendous amount of upside.
  1. Listed by Travionte Session • DRE #01972484 • Brokerage DRE #01714552 • 1917 Brokerage

Property Details for 246 East Hullett Street

Zoning
LBR1N
Style
Bungalow
Parcel Number
7125030011
Total Units
4.0
Living Area
3884
Source Living Area
Vendor Enhanced
Area
North Long Beach (7)
Vacancy Rate
0
LISTING UPDATED: 06/21/2024 12:01 AM

Property Details for 246 East Hullett Street

StatusActive
MLS #24-403679
Days on Market144
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1942
Lot Size0.14 AC / 5,964 SF
CountyLos Angeles County

Building Information for 246 East Hullett Street

Stories2Residences-Year Built1942Building Size-Lot Size0.14 AC / 5,964 SF

Property Information for 246 East Hullett Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Income
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Direction Faces: North
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Water Heaters: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Submit
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $81,600
  • Net Operating Income: $60,935.00
  • Gross Income: $81,600
  • Gross Rent Multiplier: $15.90
  • Actual Annual Gross Rent: $81,600.00
  • Actual Gross Annual Income: $81,600
  • Vacancy Allow Percent: 5.00%
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 20665
  • Water Expense: $1,000.00
  • Electric Expense: $750.00
  • Trash Expense: $1,000.00
  • Tax Expense: $15,315
  • Gardener Expense: $600
  • Insurance Expense: $2,000
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1369
  • Lot Size Square Feet: 5964
  • Lot Description: Curbs, Fenced
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Converted Garage, Garage - 2 Car, Driveway - Concrete
  • Total Parking: 4
  • Covered Parking: 2
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 2
  • Parking Features: Converted Garage, Garage - Two Door, Concrete
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Ceiling Fan, Wall/Window
  • Heating Type: Wall Gas
  • Flooring: Laminate
  • Equipment: Ceiling Fan, Garbage Disposal, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Laundry: Laundry Area
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Clay
  • Door Features: Double Door Entry
  • Entry Location: Main Level
  • New Construction: No
  • Other Structural Features: Balcony, Double Door Entry
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-13-2024
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $816,000.00
  • Assessed Improvement Percent: 70.48
  • Assessed Land Value: $341,700.00
  • Assessed Land Percent: 29.52
  • Assessed Total Value: $1,157,700.00

Property History for 246 East Hullett Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 246 East Hullett Street

Taxable ValueLand$348,534Additions$832,320Total$1,180,854
Tax Record2024$15,577 ($1,298 / month)
Home Facts
Total Finished SqFt3,884 SqFtAbove Grade Finished SqFt3,884 SqFtLot Size5,962 SqFtStyleQuadraplexYear Built1942ZoningLBR1NCountyLOS ANGELESAPN7125-030-011

Schools near 246 East Hullett Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Charter - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Powell Academy For Success
PublicK to 8

Jordan High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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246 East Hullett Street is a multi-family home for sale in Long Beach, CA 90805. This property was listed for sale on June 13, 2024 by 1917 Brokerage, it's currently listed at $1,299,000. It has been on the market for a total of 144 days and was last sold on March 29, 2022. This listing's school district is Long Beach Unified School District. Nearby schools include Powell Academy For Success, Jordan High School and Clear Passage Educational Center. 246 East Hullett Street is a 5-bed, 4-bath, 3,884 sqft multi-family home built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 1917 Brokerage, Travionte Session, DRE #01972484

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.