NOT LISTED FOR SALE

400 E Hullett St Long Beach, CA 90805

DeForest Park Neighborhood
14 Beds
7 Baths
4,757 Sq Ft
5,669 Sq Ft Lot

Last Sold November 18, 2015

Last sale price $1,085,000 $228 Per Sq Ft

1 Day on Market

Highlights

  • Laundry Room
  • Tile Flooring
  • Wall Furnace

About This Home

As of November 2015

Excellent opportunity for the savvy investor. This seven unit building situated on a corner lot has nice curb appeal and is a turn key investment. Many upgrades including recently painted exterior and laminate and ceramic tile flooring throughout. New 100 gallon commercial water heater. Located in strong rental area with definite upside in rents and on-site coin operated laundry room provides an average of $100/month additional income. This property is a perfect addition to any investors portfolio.

Last Agent to Sell the Property

Gary Putman

J. Rubalcava & Associates License #00647161 Listed on: 09/03/2015

Last Buyer's Agent

Ruth Bonilla

Century 21 Jervis & Associates License #01066238

Century 21 Jervis & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 5,669 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Home Design

  • 4,757 Sq Ft Home
  • Property Attached
  • Flat Roof Shape
  • Stucco

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Disposal
  • Laundry Room
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 001
  • Tax Tract Number 7125
  • Assessor Parcel Number 7125032001

Community Details

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Gardener Expense $960
  • Insurance Expense $2,000
  • Pest Control $540
  • Water Sewer Expense $6,300
  • New Taxes Expense $12,780
  • Gross Income $7,800
  • Net Operating Income $71,320

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 6300.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7125032001
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 228.08

Exterior Features

  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5669.00
  • Price Per Lot Square Foot: 191.39
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 7800.00
  • Gross Scheduled Income: 94800.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 5669.0000 Square Feet
  • Net Operating Income: 71320.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Number With Disposal: 7
  • Operating Expense: 23480.00
  • Rent Control: No
  • Total Actual Rent: 7800.00

Tax Info

  • New Taxes Expense: 12780.00
  • Tax Lot: 001
  • Tax Tract Number: 7125

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2015 11/18/15 Sold $1,085,000 +1.9% $228 / Sq Ft
09/04/2015 09/04/15 Pending -- -- --
09/03/2015 09/03/15 For Sale $1,065,000 -- $224 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    Gary Putman

    J. Rubalcava & Associates

    (562) 426-2507

    1 Total Sale

    Gary Putman
    Section Image

  • R

    Buyer's Agent in 2015

    Ruth Bonilla

    Century 21 Jervis & Associates

    (562) 862-2226

    12 Total Sales

    Ruth Bonilla
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15195297

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90805 DeForest Park

400 E Hullett St, Long Beach, CA

Not Listed for Sale

MultiFamily

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