Ryan Case
310-343-3663
DESCRIPTION

Fantastic large 4-plex priced to sell. Located in a high rental neighborhood of Long Beach. Units are very spacious and consist of (1) 3br/2ba and (3) 2br/1ba with over 4100 sf of living space. Extensive renovations on select units including new cabinets, quartz countertops, bathtub, vinyl wood floors, fixtures, windows, and paint. Exterior has been completely repainted with modern make overs. Units are all individually metered for gas and electric with separate new water heaters. Tremendous rental upside with opportunity for 30% rental growth to achieve market rents. A 2br/1ba fully renovated unit on the upstairs has an opportunity for owner occupied. This will allow the next owner an opportunity to live in one unit and manage the others, or they could just lease the unit at full market rent. The rear has a gated 4 car open parking garage and each unit has their own storage rooms. There is an onsite laundry room currently not being used, which the next owner can re-open for additional income. Property is conveniently located near schools, colleges, shopping, downtown, and minutes away from the 91 freeway. This is an amazing investment opportunity you don't want to miss.

KEY DETAILS
  • Price:
  • $1,189,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 0.13
  • Year Built:
  • 1962
  • MLS #:
  • TR20196615
  • Street Address:
  • 320 E Hullett St
  • City:
  • Long Beach
  • State:
  • CA
  • Postal Code:
  • 90805
  • County:
  • Los Angeles
  • Area:
  • North Long Beach
  • Subdivision:
  • North Long Beach (nlb)
  • Listing Status:
  • For Sale - Pending

Building

  • Fireplace:
  • Living Room
  • Fireplace:
  • 1
  • Flooring:
  • Laminate, Vinyl
  • Number Of Units:
  • 4
  • Total # Of Buildings:
  • 1
  • Type Of Roof:
  • Composition
  • Year Built:
  • 1962
  • Year Built Source:
  • Assessor

Business

  • Annual Insurance Expenses:
  • 1234.00
  • Annual Trash Expenses:
  • 1128.00
  • Annual Water/Sewer Expenses:
  • 1474.00
  • Expenses:
  • 16199.00
  • Gross Income:
  • 78144.00
  • Net Operating Income:
  • 61945.00
  • Operating Expense:
  • 16199.00

Land

  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lbr1n
  • Lot Features:
  • 2-5 Units/Acre, Front Yard
  • Lot Square Footage:
  • 5802.00
  • Road Type:
  • Paved

Listing

  • Community Features:
  • Curbs, Sidewalks
  • Days On Market:
  • 2
  • On Market Date:
  • 2020-09-20
  • Originating Mls:
  • Crm

Money

  • Price Per Square Foot:
  • 265.88
  • Tenant Pays:
  • Cable Tv, Electricity, Gas

Rooms

  • Bedroom Description:
  • Kitchen, Living Room
  • Laundry:
  • 1
  • Laundry Description:
  • Common Area

Structures

  • Fence:
  • Wrought Iron
  • Fenced:
  • 1

Systems

  • Appliances:
  • Electric Range, Water Heater
  • Existing Water:
  • Public
  • Heating:
  • Wall Furnace
  • Sewage Type:
  • Public Sewer

Source

  • Listing Provided By Tim Lam of Showcase Properties (: 01472734)

    CRMLS
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SCHOOL RATINGS

No school information available.

NOTES

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