NOT LISTED FOR SALE

246 E Hullett St Unit A-D Long Beach, CA 90805

DeForest Park Neighborhood

Estimated Value: $1,206,000 - $1,227,000

5 Beds
5 Baths
3,884 Sq Ft
$314/Sq Ft Est. Value

Last Sold March 29, 2022

Last sale price $1,135,000 $292 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,885/month

251 Days on Market

Highlights

  • Fireplace in Kitchen
  • No HOA
  • Laundry Room
  • Lawn
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring

About This Home

As of March 2022

BACK ON THE MARKET ! The Investment opportunity you have been looking for ! Very Nice 4 Unit property with great potential. There are 3 spacious One Bedroom units. The LARGE two story Two bedroom unit is cozy with a fireplace, central a/c, inside laundry area and a private 2 car attached garage is not occupied, READY for owner occ. These units are located in a very desirable neighborhood close to schools, freeway, public transportation and shopping. The 2 large garages have alley access and a driveway on the street that accommodates 2 cars. There is a laundry facility for the tenants convenience. Separate gas and electric meters. This is a one of a kind opportunity! Great property to live in one and rent the others.

Last Agent to Sell the Property

Sherri Fox

Better Choice Real Estate License #01910447 Listed on: 06/26/2021

Last Buyer's Agent

Sherri Fox

Better Choice Real Estate License #01910447 Listed on: 06/26/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,577

Year Built

  • Built in 1942

Lot Details

  • 5,963 Sq Ft Lot
  • Two or More Common Walls
  • Security Fence
  • Block Wall Fence
  • Lawn

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Quadruplex
  • Slab Foundation

Interior Spaces

  • 3,884 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 5992
  • Assessor Parcel Number 7125030011

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • North Long Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,135
  • Insurance Expense $2,455
  • Water Sewer Expense $337
  • Operating Expense $4,025
  • Gross Income $1,200
  • Net Operating Income $30,895

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,577

Year Built

Built in 1942

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 337.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7125030011
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Fireplace Features: Family Room, Kitchen, Living Room
  • Levels: Two
  • Price Per Square Foot: 292.22

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block, Security
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 5963.36
  • Lot Size Acres: 0.1369
  • Latitude Manual: 33.86063800

Multi Family

  • Average1 Bed Area: 671 Square Feet
  • Average2 Bed Area: 1760 Square Feet
  • Electric Expense: 1135.00
  • Gross Income: 1200.00
  • Gross Scheduled Income: 34920.00
  • Insurance Expense: 2455.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1200.00
  • Lot Size Area: 0.1369 Acres
  • Net Operating Income: 30895.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Operating Expense: 4025.00
  • Rent Control: Yes
  • Total Expenses: 4025.00

Tax Info

  • Tax Lot: 19
  • Tax Tract Number: 5992

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2022
Sold by
Warren Alvin
Bought by
Warren Alvin
Current Estimated Value
$1,218,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,005,500
Outstanding Balance
$975,161
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$202,506

Purchase Details

Listed on
Jun 26, 2021
Closed on
Mar 12, 2022
Sold by
Barrett Bush Ronald
Bought by
Warren Alvin
Seller's Agent
Sherri Fox
Better Choice Real Estate
Buyer's Agent
Sherri Fox
Better Choice Real Estate
List Price
$1,190,000
Sold Price
$1,135,000
Premium/Discount to List
-$55,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.08%
Original Mortgage
$1,150,000
Interest Rate
3.85%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 31, 2019
Sold by
Young Eric Y and Youna Eric Yew
Bought by
Bush Ronald Barrett

Purchase Details

Closed on
Aug 1, 2002
Sold by
Santizo Efrain and Santizo Omar
Bought by
Young Eric Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,750
Interest Rate
6.37%

Purchase Details

Closed on
Aug 31, 2000
Sold by
Santizo Chin Fang
Bought by
Santizo Efrain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,259
Interest Rate
8.13%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 2, 2000
Sold by
Damico Joseph A
Bought by
Santizo Efrain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,259
Interest Rate
8.13%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Warren Alvin -- Western Resources Title
Warren Alvin $1,135,000 Fidelity National Title
Bush Ronald Barrett $915,000 Stewart Title
Young Eric Y $385,000 Southland Title
Santizo Efrain -- North American Title Co
Santizo Efrain $262,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warren Alvin $175,000
Open Warren Alvin $1,005,500
Previous Owner Warren Alvin $1,150,000
Previous Owner Young Eric Y $245,000
Previous Owner Young Eric Y $288,750
Previous Owner Santizo Efrain $266,762
Previous Owner Santizo Efrain $259,843
Previous Owner Santizo Efrain $260,259
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2022 03/29/22 Sold $1,135,000 -4.6% $292 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $1,190,000 0.0% $306 / Sq Ft
01/07/2022 01/07/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $1,190,000 +4.8% $306 / Sq Ft
12/31/2021 12/31/21 Off Market $1,135,000 -- --
11/06/2021 11/06/21 For Sale $1,190,000 0.0% $306 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
07/13/2021 07/13/21 Price Changed $1,190,000 -4.8% $306 / Sq Ft
06/26/2021 06/26/21 For Sale $1,250,000 -- $322 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,577 $1,204,470 $355,504 $848,966
2024 $15,577 $1,180,854 $348,534 $832,320
2023 $15,315 $1,157,700 $341,700 $816,000
2022 $12,097 $942,968 $309,170 $633,798
2021 $11,845 $924,479 $303,108 $621,371
2019 $6,870 $499,848 $155,794 $344,054
2018 $6,624 $490,048 $152,740 $337,308
2016 $6,081 $471,021 $146,810 $324,211
2015 $5,847 $463,947 $144,605 $319,342
2014 $5,824 $454,860 $141,773 $313,087
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21138905

California Regional Multiple Listing Service (CRMLS)

APN: 7125-030-011