246 E Hullett St - Multi-Family FOR SALE


Long Beach, CA 90805- Bixby Knolls
$1,275,000 USD
949-630-0592
246 E Hullett St, Long Beach, CA for Sale
$1,275,000 USD
Multi-Family - FOR SALE
1/6
null | 3.72% Cap Rate

246 E Hullett St
Long Beach, CA 90805
Bixby Knolls


HIGHLIGHTS

  • Attractive Rental Location on a Quiet Residential Street
  • Substantial Rental Upside
  • Private Patio, Garages & Laundry Room
  • Convenient Access to the 710 & 91 Freeways
  • Located near Trader Joes and Other Retail Amenities

OVERVIEW

Morgan Skenderian is 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.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$328 USD /SF

# OF UNITS

4

PRICE/UNIT

$318,750

CAP RATE

3.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1942

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,884 SF

ZONING

-

APN/PARCEL ID

7125-030-011

ASK ABOUT THIS PROPERTY

Peter GillinMorgan-Skenderian Investment Real Estate GroupMore Info
949-630-0592

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Peter GillinMorgan-Skenderian Investment Real Estate GroupMore Info
949-630-0592

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.