

Listed by Morgan Skenderian Investment Real Estate Group
$1,245,000
246 E Hullett Street
Details
APN 7125030011
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 3.84%
Buildings 1
Stories 2
Acreage 0.137
Zoning Assessor
Multifamily | 3.84% CAP | 4 Units
Marketing description
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 Joes, 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.
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Listed by Morgan Skenderian Investment Real Estate Group
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