320 E Hullett Street, Long Beach, CA 90805
Property · 2 recorded sales since 2019
Sold November 2020
Listing Agent: Tim Lam (DRE #01472734) · Listing Office: Showcase Properties · Contact: 626-215-5411 · Bought with: Huok Lo · Starburst Realty · MLS #TR20196615 · Source: CRMLS
About this property
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.
Listing description from the November 2020 sale, as reported to CRMLS.
Sale history
