$1,600,000 - 1136 Hoffman Avenue, Long Beach

  • 0Beds
  • Baths
  • 4,796SQ. Feet
  • 0.14Acres

The subject property is a 12 unit multifamily investment located at 1136 Hoffman Ave, four blocks East of Alamitos Ave. and one blocks South of Anaheim Street. This investment consists of 10 studio units and 2 one bedrooms/ one-bathroom units. Built in 1922, this property is a single story, center courtyard style building with second story units above the rear laundry room. With approximately 4796 rentable square feet, and a lot size of 6,266 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 and surrounded by the Federally Identified “Opportunity Zone” Census Tract. 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 - 1133 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® #:PW19070437
  • Price:$1,600,000
  • Bathrooms:0.00
  • Square Footage:4,796
  • Acres:0.14
  • Year Built:1922
  • Type:Residential Income
  • Status:Closed

Community Information

  • Address:1136 Hoffman Avenue
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Other (OTHR)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90813

Exterior

  • Lot Description:Walkstreet

Additional Information

  • Date Listed:March 29th, 2019
  • Days on Market:33
  • Zoning:LBR2N

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Similar Neighborhoods to "Other (OTHR)" in Long Beach, California

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Other (othr)

  • City:
    Long Beach
  • Price Range:
    $375,000 - $3,250,000
  • Current Listings:
    57
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $360
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Provided By: Justin White(01267826), Justin White.

Based on information from California Regional Multiple Listing Service, Inc. as of September 20th, 2019 at 11:27pm 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.