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Long Beach, CA 90813 1133 Hoffman Ave

$5,325,000

1133 Hoffman Ave Long Beach, Ca - Image 11133 Hoffman Ave Long Beach, Ca - Image 21133 Hoffman Ave Long Beach, Ca - Image 3
2 more
1133 Hoffman Ave Long Beach, Ca - Image 41133 Hoffman Ave Long Beach, Ca - Image 51133 Hoffman Ave Long Beach, Ca - Image 6
Presented By: Ryan Pratt with Skyline Commercial Real Estate; 714-767-7039
  • MLS# NP24031945
  • 02/14/2024
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  • BedBeds • 24
  • BathBaths • 1
  • FootageSQFT • 8,722

Home Details

Skyline Commercial Advisors is pleased to present the opportunity to acquire The Hoffman Apartments, 24 total units comprised of two 12 unit buildings (1133-1136 Hoffman Ave) directly across from each other located in Long Beach, CA. The properties offer (24) 1 bedroom units, majority single story, producing excellent income. Community amenities include on-site laundry for tenants as well as a center courtyard. These buildings have been extensively renovated both on the exterior and interior of the units, including a new roof, electrical systems, flooring, and cabinets. The Hoffman Apartments provides an investor the opportunity to acquire an income producing asset with established rents at current market rates.
Presented By: Ryan Pratt with Skyline Commercial Real Estate; 714-767-7039

Interior Features for 1133 Hoffman Ave

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories1

Other Rooms

Entry Level1

General for 1133 Hoffman Ave

Additional Parcels Description7267001029
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.27
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CountyLos Angeles
Days on Market44
DirectionsHoffman Ave and E Anaheim
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income469200.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet12845.0
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income333783.0
New ConstructionNo
Operating Expense138801.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameHoffman Ave
Subdivision NameAlamitos Beach (AB)
Tax Lot8
Taxes$63,320
Total Units24
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1923
Year Built SourcePublicRecords

Exterior for 1133 Hoffman Ave

Building Area Total8722.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre, Item2125UnitsAcre
Lot Size Acres0.2949
Lot Size Area12845.0
Lot Size SourcePublicRecords
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters24
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $5,325,000
MLS#NP24031945
List Date 02/14/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors