246 E Hullett Street, Long Beach, California 90805, Long Beach, 90805 - 0 bed, 0 bath
Loading property details...
Long Beach, California 90805
This Value-Add Multi-Family Asset is listed at $1,245,000, offering a strategic entry point aligned with its $1,168,165 Fair Market Value. Currently holding a Fair Condition Rating, this 1942 Quadruplex in North Long Beach provides a significant opportunity for forced appreciation through interior modernizations and market rent adjustments. The property features a rare one-to-one garage ratio and is situated within the Long Beach Unified district near Bixby Knolls. This is an exceptional opportunity for Buy-and-Hold Investors or Value-Add Specialists seeking long-term cash flow in a high-demand rental corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 246 E Hullett Street Subject | $1,245,000* List Price | 0 | 0 | 3,884 | $301 | - |
A 6001 California Avenue Sold | $1,000,000 | 0 | 0 | 3,115 | $321 | 0.6 mi |
B 6140 Orange Avenue Active | $1,100,000 List Price | 7 | 4 | 3,335 | $330 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
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through future renovations and the age of the systems suggest the property is functional but shows signs of being outdated, fitting the criteria for fair condition.
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.
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.
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.
Originally constructed in 1942, the property may require higher maintenance costs or capital improvements to modernize aging systems compared to newer multi-family developments.
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.
THE TWO BEDROOM UNIT IS NOW VACANT ( As of 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 $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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,884 | 1,743 | 92% |
| Lot Size | 5,956 | 5,384 | 60% |
| Price | $1.25M | $845.0K | 84% |
| Price per sq ft | $321 | $516 | 12% |
| Built year | 1942 | 1948 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 131 | 210 | 16% |
Mar 21, 2026
$1,245,000
$1,275,000
-2% Price Drop
Initial Listing
Dec 12, 2025
$1,275,000
Initial Listing
Mar 29, 2022
$1,135,000
Public Record
Aug 13, 2019
$915,000
Public Record
Sep 16, 2002
$385,000
Public Record
Sep 12, 2000
$262,000
Public Record