$2,000,000 - 1080 Hoffman Avenue, Long Beach

  • 0Beds
  • Baths
  • 5,784SQ. Feet
  • 0.16Acres

Proud to present this well maintained, gated, 9 unit apartment building with excellent cash flow, located at 1080 Hoffman Avenue in Long Beach, CA. 100% Occupancy, all 1 bdrm, 1 bath units, w/copper plumbing, tiled floors throughout, upgraded electrical, separately metered for gas/electric, new paint, gutters, with 6 parking spots, (3 garages & 3 spaces), and/or storage. As well, as a laundry room, currently not in use. Monthly Rental income is: $11,605 + $450 Parking Income = Total Monthly Income of $12,055, w/upside of $25 for each parking space and garage. Close to restaurants, coffee shops, walking distance to schools, libraries and parks. Minutes away from major freeways for quick access to LA and Orange County. This property gives investors an opportunity to acquire a building with add value in a growing, progressive area of downtown Long Beach, adjacent to the highly desirable rental sub-market of Cambodia Town. Sold as is.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:19509100
  • Price:$2,000,000
  • Bathrooms:0.00
  • Square Footage:5,784
  • Acres:0.16
  • Year Built:1956
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:1080 Hoffman Avenue
  • Area:Downtown Area, Alamitos Beach (4)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90813

Amenities

  • Parking Spaces:6
  • # of Garages:3

Interior

  • Appliances:Garbage Disposal
  • # of Stories:2

Additional Information

  • Date Listed:September 9th, 2019
  • Days on Market:12
  • Zoning:LBR2N

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Provided By: Marilee Haley(01721710), Power Brokers International.

Based on information from California Regional Multiple Listing Service, Inc. as of September 21st, 2019 at 6:18pm CDT. 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.