246 E Hullett Street, Long Beach, California 90805, Long Beach, 90805 - 0 bed, 0 bath
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Long Beach, California 90805
This Value-Add Quadruplex Asset is listed at $1,245,000, positioned near its $1,168,165 Fair Market Value. The property offers a significant opportunity for forced appreciation through unit renovations and the stabilization of below-market rents. Maintaining a Functional Condition Rating, the 1942-built structure features a vacant two-bedroom unit in excellent condition and four garage spaces for tenant use. Located in a high-demand North Long Beach corridor near Bixby Knolls, this asset is an ideal strategic acquisition for Buy-and-Hold Investors or Value-Add Specialists seeking long-term cash flow.
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 | $280 | - |
A 5220 Pacific Active | $1,195,000 List Price | 0 | 0 | 3,609 | $331 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1942, the property is functional but dated. While the vacant unit shows newer laminate flooring and clean paint, the kitchen features oak cabinetry and tile countertops likely over 20 years old. The bathroom fixtures and fiberglass surround are basic and dated. The listing explicitly mentions value appreciation through further renovation, confirming it is not in 'Good' or 'Excellent' modernized condition.
The property offers significant upside through unit renovations and the ability to bring below-market rents to current market rates, ensuring long-term appreciation and enhanced future cash flow.
Situated near Bixby Knolls with easy access to major freeways (91, 710, 405) and retail amenities like Trader Joe’s, making it highly attractive to commuters and quality tenants.
A spacious two-bedroom unit is currently vacant and in excellent condition, featuring in-unit laundry hookups and direct garage access, allowing for immediate rental at market rate.
Built in 1942, the property may require ongoing maintenance or capital expenditures to modernize aging infrastructure and systems compared to newer residential income properties.
A recent price reduction from the initial listing suggests the market is sensitive to the current valuation, potentially reflecting the impact of higher interest rates on investment returns.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,884 | 2,100 |
| Lot Size | 5,956 | 5,077.5 |
| Price | $1.25M | $1.14M |
| Price per sq ft | $321 | $519 |
| Built year | 1942 | 1950 |
| HOA | $0 | $0 |
| Days on market | 222 | 68 |
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