246 E Hullett Street, Long Beach, California 90805, Long Beach, 90805 - bed, bath
246 E Hullett Street
Long Beach, California 90805
Property Price
SUMMARY
Analysis of 246 E Hullett Street, Long Beach, California 90805 is currently available with a list price of $1,275,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is a well-maintained 1942 build that appears clean and move-in ready, but it lacks recent comprehensive modernization. While the listing describes one unit as excellent, the visual evidence shows dated kitchen tile countertops, older cabinetry, and mid-century bathroom fixtures. The description's focus on 'value-add' through future renovations and the age of the systems suggest the property is functional but shows signs of being outdated, fitting the criteria for fair condition.
PROSSTRENGTHS & OPPORTUNITIES
- Value-Add Opportunity
The property offers significant upside potential through the renovation of units and the ability to increase current below-market rents to market rates, driving future cash flow and appreciation.
- Desirable Tenant Amenities
Featuring a rare one-to-one garage ratio and on-site laundry, the building also includes a premium two-bedroom unit with direct garage access and private washer/dryer hookups.
- Strategic Location
Situated with effortless access to the 91, 710, and 405 freeways and proximity to Bixby Knolls’ trendy eateries and retail, the location ensures strong long-term rental demand.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Originally constructed in 1942, the property may require higher maintenance costs or capital improvements to modernize aging systems compared to newer multi-family developments.
- Delayed Unit Turnover
With the primary two-bedroom unit not becoming vacant until March 2026, immediate owner-occupancy or full-scale repositioning strategies are restricted in the short term.
About 246 E Hullett Street
THE TWO BEDROOM UNIT WILL BE VACANT BY MARCH 1, 2026. 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 $318,750/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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1942
- Lot Size
- 5,956 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,884 | 1,816.5 | 85% |
| Lot Size | 5,956 | 5,116 | 73% |
| Price | $1.27M | $952.1K | 81% |
| Price per sq ft | $328 | $509 | 23% |
| Built year | 1942 | 1948 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 84 | 185 | 4% |
Pricing History
Listed for Sale
Dec 12, 2025
$1,275,000
Initial Listing
Sold
Mar 29, 2022
$1,135,000
Public Record
Sold
Aug 13, 2019
$915,000
Public Record
Sold
Sep 16, 2002
$385,000
Public Record
Sold
Sep 12, 2000
$262,000
Public Record