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246 E Hullett St, Long Beach, CA 90805

$1,245,000
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    bed

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    bath

Multi-family for sale 281 days
$30K price drop
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About 246 E Hullett St

Property type Multi-family
Neighborhood
Year built 1942
HOA fee $0/month
Lot size 5,956 Sqft
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
THE TWO BEDROOM UNIT IS NOW VACANT. This unit is in excellent condition, with W/D Hookups and direct access to a two-car garage. Pleased to present 246 East Hullett Street, a secure 4-unit apartment building in the heart of vibrant Long Beach, California. Built in 1942, the property consists of spacious one- & two-bedroom units. For added convenience, the property features an on-site laundry facility as well as (4) garage spaces for tenant use. This apartment building offers residents easy access to retail amenities including Trader Joe’s, banks, and the charming eateries of Bixby Knolls. With convenient access to the 91, 710 & 405 Freeways, commuting to other parts of the city is effortless. Priced at $311,250/unit for this unit mix, this property is one of the more attractive opportunities on the market. Further, through renovation of the units and increases on below market rents, this property offers phenomenal value appreciation and exceptional future cash flow.
Listed by
Listing Agent - Peter Gillin
Listing Agent Contact: Pdg@morganskenderian.com
Listing Office - Morgan Skenderian
Source: CRMLS mls logo
MLS#PW25274680 • last updated 4 months ago
Movoto checked CRMLS for data 11 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Quadruplex
Status Active
Lot Size (Acres) 0.1367
Lot Size (SqFt) 5956
Year Built 1942
Interior
Laundry Inside
Exterior
Building Area Square Feet, 3884
# Parking Spaces 4
# Garage Spaces 4
Lot Description Rectangular Lot
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Gutters, Curbs, Sidewalks
Subdivision North Long Beach (NLB), North Long Beach (NLB)
Directions North Of South St, Between Linden And Jaymills
APN 7125030011
Multifamily Details
Vacancy Allowance 2516
Expense: Trash 1000
Operating Expense 33592
Cap Rate 3.84
Expense: Insurance 3884
Total Expenses 33592
Expense: Maintenance 6710
Expense: Water/ Sewer 1000
Gross Operating Income 81363
Expense: Electric 1000
Gross Multiplier 14.84
Gross Scheduled Income 83880
Expense: Fuel 1000
Expense: Gardener 1200
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5/10
Powell Academy For Success
public Grades K-8
Long Beach Unified School District
3/10
Jordan High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 9/17/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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