Image 2 for 231 E Hullett St, Long Beach, CA 90805

View Photos

231 E Hullett St Long Beach, CA 90805

$1,120,000 Sold Price as of 10/19/2022

5 Beds
0 Baths
2,335 Sq.Ft.

Sold

$1,120,000 Sold Price as of 10/19/2022 Refinance Your Mortgage

Refinance Your Mortgage

Map preview of 231 E Hullett St, Long Beach, CA 90805

Property Overview: 231 E Hullett St Long Beach, CA has 5 bedrooms, -- bathrooms, 2,335 living square feet and 6,019 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare opportunity to invest in a fully renovated 4-unit property with strong rents. This is a legal duplex with a fully permitted ADU and Jr ADU. The property was extensively renovated with all new kitchens, baths, and much more. The units are individually metered for gas and electricity.

Listed by Cody Charnell | BRE #01950585 | Buckingham Investments

Last checked: 11 minutes ago | Last updated: March 23rd, 2023 | Source CRMLS | DOM: 79

Home details

Lot Sq. Ft: 6,019
HOA Dues: $0/mo
Year built: 1929
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: SB22075507
City: Long Beach
County: Los Angeles
Time on Site: 877 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 3
# of Leased Units: 4
# of Electric Meters: 4
# of Gas Meters: 4
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 0
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,383
Total Rent: $2,383
Pro Forma/Market Rent: $2,400

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 0
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,695

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 0
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,623
Total Rent: $1,623
Pro Forma/Market Rent: $1,695

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 0
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,750
Total Rent: $1,800
Pro Forma/Market Rent: $1,800

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.6%
Gross Rent Multiplier: 12.8
Gross Scheduled Income: $90,012
Net Operating Income: $0
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $0
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $0
Water/Sewer: $0

Property Details for 231 E Hullett St

Interior Features

Laundry Information

Has Laundry
Inside

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: Yard
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 4
Parcel Number: 7125026020
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: North Long Beach (NLB)
Directions: On Hullett between Locust Ave and Jaymills Ave

Neighborhood Information

Community Features: Curbs

View more facts & features

Local Long Beach Agent

Sale History for 231 E Hullett St

Last sold for $1,120,000 on October 19th, 2022

October, 2022
Oct 19, 2022

Date

Sold

CRMLS: SB22075507

$1,120,000

Price
Apr 25, 2022

Date

Active

CRMLS: SB22075507

$1,285,000

Price
August, 2020
Aug 24, 2020

Date

Sold (Public Records)

Public Records

$701,000

Price
June, 2019
Jun 6, 2019

Date

Sold

CRMLS: PW18294004

$664,000

Price
May 31, 2019

Date

Active Under Contract

CRMLS: PW18294004

$675,000

Price
Mar 21, 2019

Date

Price Change

CRMLS: PW18294004

$675,000

Price
Jan 10, 2019

Date

Active

CRMLS: PW18294004

$700,000

Price
Listing provided courtesy of CRMLS

Great investment, 3 units in Long Beach. Front building features 3 bedrooms 2 baths front and back yards. Full copper plumbing and updated electrical. With a private one car garage. The rear building has 2 units, each is 1 bedroom 1 bath. Long Driveway and the entire property is surrounded by block walls.

Continue Reading
June, 2019
Jun 4, 2019

Date

Sold (Public Records)

Public Records

$664,000

Price

Tax History for 231 E Hullett St

Assessed Value (2020): $677,500

Year	Land Value	Improved Value	Assessed Value
2020	$306,000	$371,500	$677,500

Home Value Compared to the Market

This property vs the competition

231 E Hullett St sold on October 19, 2022 for 41.64% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $496.79 per/sqft which puts the price per square foot 20.89% lower than the current median sale per square foot for the city of Long Beach.

About 231 E Hullett St

Detailed summary of property

231 E Hullett St is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 5 bedrooms, -- bathrooms, roughly 2,335 living square feet, and sits on an approximately 6,019 square foot lot. 231 E Hullett St was first listed on ArdentRealEstateGroup.com on April 26, 2022. The homeowner sold the property for $1,120,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 41.64% higher than the current median priced home. Local homes that are currently for sale include 1961 Pine Ave, 1930 Magnolia Ave and 340 E 19th St. While the average home in Long Beach, CA is selling in 62 days, 231 E Hullett St has a days on market of 79 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 231 E Hullett St Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 231 E Hullett St

Public county record property details

Beds: 5
Baths: 4
Year built: 1929
Sq. Ft.: 1,895
Lot Size: 6,018
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 27,28
APN: 7125-026-020

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$690,000

Median List Price/Sq.Ft.

$540

Median Sold Price

$700,000

Median Sold Price/Sq.Ft.

$568

Total Inventory

Median Sale to List Price %

101.89%

Avg Days on Market

Loan Type

Conventional (42.11%), FHA (36.84%), VA (10.53%), Cash (0%), Other (10.53%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 231 E Hullett St

Nearby Homes for Sale

Recently Sold Homes Near 231 E Hullett St

$875,000 Last Sold Price

4 Beds

3 Baths

1625 Sq.Ft.

218 E Hullett St
Long Beach, CA 90805

$1,135,000 Last Sold Price

5 Beds

5 Baths

3884 Sq.Ft.

246 E Hullett St
Long Beach, CA 90805

$895,000 Last Sold Price

5 Beds

3 Baths

2215 Sq.Ft.

245 E 59th St
Long Beach, CA 90805

$547,000 Last Sold Price

2 Beds

2 Baths

1000 Sq.Ft.

166 E South St
Long Beach, CA 90805

Related Resources to 231 E Hullett St

New Listings in 90805

Popular Zip Codes

Popular Cities

Other Long Beach Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.