$1,295,000 - 1148 Hoffman Avenue, Long Beach

  • 0Beds
  • Baths
  • 2,996SQ. Feet
  • 0.14Acres

Beautifully updated, cash flowing bungalow complex just North of Alamitos Beach. Four free-standing 3 Bed/1 Bath houses on a lot with 4 garages plus storage and laundry. All 4 units have been totally remodeled within the last year including vinyl plank floors, kitchens with granite counters, bathrooms with new tub surrounds and vanities, and two-tone paint. Just completed exterior refresh including designer paint, fresh landscaping, and lighting. Central courtyard creates a secure community feel for residents. High-yield asset at 12.4X gross rents on actuals and a true 5.2% cap rate including vacancy reserve and professional management. Strong rental location just outside of Downtown Long Beach, close to billions in new development, only 1.2 miles to the beach. Three of the bungalows were built in the 1920's, fourth unit built in 1980 per public records.

Sales Agent

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

Essential Information

  • MLS® #:SB20180574
  • Price:$1,295,000
  • Bathrooms:0.00
  • Square Footage:2,996
  • Acres:0.14
  • Year Built:1980
  • Type:Residential Income
  • Status:Closed

Community Information

  • Address:1148 Hoffman Avenue
  • Area:Poly High (9)
  • Subdivision:Poly High (PH)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90813

Amenities

  • Parking Spaces:5
  • # of Garages:5

Interior

  • Appliances:None
  • # of Stories:1
  • Stories:One Level

Exterior

  • Lot Description:2-5 Units/Acre

Additional Information

  • Date Listed:September 1st, 2020
  • Days on Market:13
  • Zoning:LBR2N

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Provided By: Anthony Walker(01908153), Buckingham Investments, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of October 29th, 2020 at 4:47pm 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.