Est. cap rate

4.0%

Assumed rent, all units

$8,200/mo

Units

4

Price per unit

$311,250

Est. annual NOI

$49,200

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

3,884 sqft

Lot size

5,956 sqft

Year built

1942

Stories

2

Garage spaces

4

Pool

None

Status

Active

Days on market

167

MLS #

236472264

About this property

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.

Location

246 E Hullett Street

Long Beach, Los Angeles, CA, 90805