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1136 Hoffman Ave, Long Beach, CA 90813
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1136 Hoffman Ave Long Beach, CA 90813

$2,550,000
  • 12 Beds
  • 0 Baths
  • 4,796 Sq.Ft.
For Sale
$2,550,000 Get Pre-Qualified
Map preview of 1136 Hoffman Ave, Long Beach, CA 90813

Property Overview: 1136 Hoffman Ave Long Beach, CA has 12 bedrooms, -- bathrooms, 4,796 living square feet and 6,266 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Skyline Commercial Advisors is pleased to present the opportunity to acquire The 1136 Hoffman Apartments, a 12 unit apartment building located in Long Beach, CA. The property offers (12) 1 bedroom units, majority single story, producing excellent income. Community amenities include on-site laundry for tenants as well as a center courtyard. The building has been extensively renovated both on the exterior and interior of the units, including a new roof, electrical systems, flooring, and cabinets. The 1136 Hoffman Apartments provides an investor the opportunity to acquire an income producing asset with established rents at current market rates.

Listed by Ryan Pratt | BRE #02179841 | Skyline Commercial Real Estate
Last checked: 6 minutes ago | Last updated: June 3rd, 2024 | Source CRMLS | DOM: 23
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Home details

Lot Sq. Ft
6,266
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
NP24112028
City
Long Beach
County
Los Angeles
Time on Site
22 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Electric Meters: 12
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,638
  • Total Rent: $19,654
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $237,648
  • Net Operating Income: $161,301
  • Gross Operating Income: --
  • Vacancy Allowance: $7,129
Annual Expense Breakdown
  • Total Operating Expense: $69,218
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 1136 Hoffman Ave

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Property Details for 1136 Hoffman Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 7267001029
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: Hoffman Ave and E Anaheim
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1136 Hoffman Ave

Last sold for $1,600,000 on June 26th, 2019

  • June, 2024

  • Jun 3, 2024

    Date

    Active

    CRMLS: NP24112028

    $2,550,000

    Price

  • June, 2019

  • Jun 26, 2019

    Date

    Sold

    CRMLS: PW19070437

    $1,600,000

    Price

  • May 3, 2019

    Date

    Active Under Contract

    CRMLS: PW19070437

    $1,600,000

    Price

  • Mar 29, 2019

    Date

    Active

    CRMLS: PW19070437

    $1,600,000

    Price

  • Listing provided courtesy of CRMLS

    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

  • June, 2019

  • Jun 25, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,000,000

    Price

  • May, 1999

  • May 28, 1999

    Date

    Sold (Public Records)

    Public Records

    $198,000

    Price

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Tax History for 1136 Hoffman Ave

Assessed Value (2020): $284,770
Year Land Value Improved Value Assessed Value
2020 $100,334 $184,436 $284,770

Home Value Compared to the Market

This property vs the competition

1136 Hoffman Ave is listed 219.15% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $646 and this home is listed at $531.69 per/sqft which puts the price per square foot 17.69% lower than the median price per square foot for the city of Long Beach.

About 1136 Hoffman Ave

Detailed summary of property

1136 Hoffman Ave is a mixed use located in Long Beach, CA 90813 and is currently for sale. This mixed use property offers 12 bedrooms, -- bathrooms, roughly 4,796 living square feet, and sits on an approximately 6,266 square foot lot. 1136 Hoffman Ave was first listed on ArdentRealEstateGroup.com on June 3, 2024. The homeowner is currently asking $2,550,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 219.15% higher than the median priced home. Local competing homes currently for sale include 4130 E 10th St, 11901 S San Pedro St and 2265 Pomona Ave. While the average home in Long Beach, CA is selling in 53 days, 1136 Hoffman Ave has a days on market of 23 days. There are currently 704 homes for sale in the Long Beach real estate market and 385 of them are single family homes while 296 of them are condos and 23 are townhomes. For more information on this home for sale at 1136 Hoffman Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1136 Hoffman Ave

Public county record property details
Beds
12
Baths
12
Year built
1922
Sq. Ft.
4,796
Lot Size
6,266
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
7267-001-029

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$560,000
Median List Price/Sq.Ft.
$560
Median Sold Price
$450,000
Median Sold Price/Sq.Ft.
$576
Total Inventory
35
Median Sale to List Price %
90.82%
Avg Days on Market
62
Loan Type
Conventional (50%), FHA (10%), VA (0%), Cash (10%), Other (30%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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