$1,245,000
$30K PRICE DROP

246 E Hullett St Long Beach, CA 90805

DeForest Park Neighborhood

Estimated payment $7,944/month

Total Views 10,641
5 Beds
5 Baths
3,884 Sq Ft
$321 Price per Sq Ft

About This Home

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.

Listing Agent

Peter Gillin

Morgan Skenderian Brokerage Email: pdg@morganskenderian.com License #01433769 Listed on: 12/12/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 5,956 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,884 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 19 / 16
  • Tax Tract Number 5992
  • Assessor Parcel Number 7125030011
  • $998 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • North Long Beach Subdivision

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Fuel Expense $1,000
  • Gardener Expense $1,200
  • Insurance Expense $3,884
  • Maintenance Expense $6,710
  • Other Expense $1,000
  • Trash Expense $1,000
  • Water Sewer Expense $1,000
  • New Taxes Expense $16,798
  • Operating Expense $33,592
  • Gross Income $81,363
  • Net Operating Income $47,770

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

5,956 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 3.84
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1000.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7125030011
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 320.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5956.00
  • Lot Size Acres: 0.1367

Multi Family

  • Average1 Bed Area: 895 Square Feet
  • Average2 Bed Area: 1200 Square Feet
  • Electric Expense: 1000.00
  • Fuel Expense: 1000.00
  • Gross Multiplier: 14.84
  • Gross Operating Income: 81363.00
  • Gross Scheduled Income: 83880.00
  • Insurance Expense: 3884.00
  • Lot Size Area: 5956.0000 Square Feet
  • Maintenance Expense: 6710.00
  • Net Operating Income: 47770.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 33592.00
  • Other Expense: 1000.00
  • Other Expense Description: misc
  • Rent Control: Yes
  • Total Actual Rent: 6990.00
  • Total Expenses: 33592.00

Tax Info

  • New Taxes Expense: 16798.00
  • Tax Block: 16
  • Tax Lot: 19
  • Tax Tract Number: 5992
  • TaxOtherAnnualAssessmentAmount: 998.00

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/20/2026 03/20/26 Price Changed $1,245,000 -2.4% $321 / Sq Ft
12/12/2025 12/12/25 For Sale $1,275,000 +39.3% $328 / Sq Ft
08/13/2019 08/13/19 Sold $915,000 -1.1% $236 / Sq Ft View Prior Sale
05/23/2019 05/23/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $925,000 -- $238 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Western Resources Title
Grant Deed $1,135,000 Fidelity National Title
Grant Deed $915,000 Stewart Title
Grant Deed $385,000 Southland Title
Interfamily Deed Transfer -- North American Title Co
Grant Deed $262,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,005,500 New Conventional
Previous Owner $1,150,000 Credit Line Revolving
Previous Owner $288,750 No Value Available
Previous Owner $260,259 FHA
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25274680

California Regional Multiple Listing Service (CRMLS)

APN: 7125-030-011

California Los Angeles County Long Beach 90805 DeForest Park

246 E Hullett St, Long Beach, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Listing Agent
Peter Gillin
Morgan Skenderian
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