$1,400,000 - 1133 Hoffman Avenue, Long Beach

  • 0Beds
  • Baths
  • 3,926SQ. Feet
  • 0.15Acres

The subject property is located at 1133 Hoffman Ave, four blocks East of Alamitos Ave. and one blocks South of Anaheim Street. This investment consists of 12 studio bedrooms/one-bathroom units. Built in 1923, this property is a single story, center courtyard style building. With approximately 3,926 rentable square feet, and a lot size of 6,578 sq. ft. and individually metered for gas and electricity the property offers a desirable unit mix. Located within close proximity to numerous restaurants and shopping corridors this property offers an investor the rare opportunity to acquire an income property in a strong rental market in the path or redevelopment. With rents below market, an investor looking to “add value” could dramatically improve their cash flow by upgrading the units, bumping rents up to market rate, and charging/ utilizing the laundry room and thus making this acquisition a valuable addition to any investor’s portfolio. ALSO FOR SALE - 1136 Hoffman Ave, Long Beach, CA 90813

Sales Agent

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

Essential Information

  • MLS® #:PW19070383
  • Price:$1,400,000
  • Bathrooms:0.00
  • Square Footage:3,926
  • Acres:0.15
  • Year Built:1923
  • Type:Residential Income
  • Status:Active Under Contract

Community Information

  • Address:1133 Hoffman Avenue
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Other (OTHR)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90813

Interior

  • # of Stories:1
  • Stories:One Level

Exterior

  • Lot Description:Walkstreet

Additional Information

  • Date Listed:March 29th, 2019
  • Days on Market:80
  • Zoning:LBR2N

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Other (othr)

  • City:
    Long Beach
  • Price Range:
    $599,000 - $3,250,000
  • Current Listings:
    23
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $394
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Provided By: Justin White(01267826), Justin White.

Based on information from California Regional Multiple Listing Service, Inc. as of June 18th, 2019 at 6:27am 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.