Search
1211 Hoffman Ave, Long Beach, CA 90813
Image 2 for 1211 Hoffman Ave, Long Beach, CA 90813
Image 3 for 1211 Hoffman Ave, Long Beach, CA 90813
View Photos

1211 Hoffman Ave Long Beach, CA 90813

$2,200,000 Sold Price as of 05/11/2023
  • 202 Beds
  • 81.5 Baths
  • 6,993 Sq.Ft.
Sold
$2,200,000 Sold Price as of 05/11/2023 Refinance Your Mortgage
Map preview of 1211 Hoffman Ave, Long Beach, CA 90813

Property Overview: 1211 Hoffman Ave Long Beach, CA has 202 bedrooms, 81.5 bathrooms, 6,993 living square feet and 6,534 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Live Auction! Bidding to start from $1,800,000! All income numbers stated here are actual, NOT pro forma. The 4.42 cap rate stated here is based on a possible sales price of $2,300,000, using the actual income and expense numbers stated here, which include estimated property taxes based off a possible sales price of $2,300,000. This excellent investment opportunity includes a building with an open central courtyard and community laundry units. Laundry income is stated here. This investment consists of SIX 2-bedroom, 1-bath units, FIVE 3-bedroom, 1-bath units, and ONE 4-bedroom, 1.5-bath unit. Seller has approved ADU plans to divide this 4-bedroom unit into a 3bdrm, 1bath & 2bdrm, 1bath unit, for a total of 13 units in this building. All units are fully rented with mostly long-term tenants and there are very rarely any vacancies. There is definite upside opportunity in the rental income, check out the current rent roll information. This is a terrific investment opportunity!

Listed by Paul Conti | BRE #01007130 | Harcourts Prime Properties
Last checked: 10 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
PW23006801
City
Long Beach
County
Los Angeles
Time on Site
615 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Leased Units: 12
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,060
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,085
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,075
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 10
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,125
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 11
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $575
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 12
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,085
  • Total Rent: --
Unit Breakdown 7
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,110
  • Total Rent: --
Unit Breakdown 8
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,035
  • Total Rent: --
Unit Breakdown 9
  • # of Units: 6
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,110
  • Total Rent: --
Unit Breakdown 10
  • # of Units: 7
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: --
Unit Breakdown 11
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: --
Unit Breakdown 12
  • # of Units: 9
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,075
  • Total Rent: --
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.42%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $155,820
  • Net Operating Income: $101,565
  • Gross Operating Income: $151,145
  • Vacancy Allowance: $4,675
  • Laundry Income: $600
Annual Expense Breakdown
  • Total Operating Expense: $49,580
  • Electric: $600
  • Gas/Fuel: $0
  • New Taxes: $28,750
  • Trash: $6,480
  • Insurance: $6,000
  • Professional Management: $0
  • Water/Sewer: $7,000

Property Details for 1211 Hoffman Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 11-15 Units/Acre, Level with Street, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 12
  • Parcel Number: 7267002004
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Just south of Anaheim St, between Alamitos Ave and Cherry Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 1211 Hoffman Ave

Last sold for $1,460,000 on April 27th, 2006

  • April, 2006

  • Apr 27, 2006

    Date

    Sold (Public Records)

    Public Records

    $1,460,000

    Price

  • December, 2003

  • Dec 16, 2003

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

Show More

Tax History for 1211 Hoffman Ave

Assessed Value (2020): $1,825,337
Year Land Value Improved Value Assessed Value
2020 $449,837 $1,375,500 $1,825,337

Home Value Compared to the Market

This property vs the competition

1211 Hoffman Ave sold on May 11, 2023 for 119.78% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $257.4 per/sqft which puts the price per square foot 59.01% lower than the current median sale per square foot for the city of Long Beach.

About 1211 Hoffman Ave

Detailed summary of property

1211 Hoffman Ave is a apartment that recently sold in Long Beach, CA 90813. This apartment offered 202 bedrooms, 81.5 bathrooms, roughly 6,993 living square feet, and sits on an approximately 6,534 square foot lot. 1211 Hoffman Ave was first listed on ArdentRealEstateGroup.com on January 13, 2023. The homeowner sold the property for $2,200,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 119.78% higher than the current median priced home. Local homes that are currently for sale include 435 W 11th St, 1885 Chestnut Ave and 733 Daisy Ave. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1211 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 1211 Hoffman Ave

Public county record property details
Beds
13
Baths
12
Year built
1923
Sq. Ft.
6,993
Lot Size
6,533
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7267-002-004

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.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1211 Hoffman Ave

Nearby Homes for Sale

1724 Cherry Ave, Long Beach, CA 90813
$2,175,000
12 Beds
8 Baths
5540 Sq.Ft.
1724 Cherry Ave
Long Beach, CA 90813
1512 N Stanton Pl, Long Beach, CA 90804
$2,200,000
16 Beds
8 Baths
6960 Sq.Ft.
1512 N Stanton Pl
Long Beach, CA 90804
1616 E 4th St, Long Beach, CA 90802
$1,800,000
6 Beds
6 Baths
5300 Sq.Ft.
1616 E 4th St
Long Beach, CA 90802
1004 E 5th St, Long Beach, CA 90802
$2,300,000
144 Beds
81 Baths
7122 Sq.Ft.
1004 E 5th St
Long Beach, CA 90802
1944 E 4th St, Long Beach, CA 90802
$2,490,000
24 Beds
42 Baths
5817 Sq.Ft.
1944 E 4th St
Long Beach, CA 90802
441 Dawson Ave, Long Beach, CA 90814
$2,300,000
8 Beds
8 Baths
5237 Sq.Ft.
441 Dawson Ave
Long Beach, CA 90814
1381 Temple Ave, Long Beach, CA 90804
$2,000,000
15 Beds
10 Baths
6300 Sq.Ft.
1381 Temple Ave
Long Beach, CA 90804
1517 E 1st St, Long Beach, CA 90802
$2,500,000
7 Beds
7 Baths
5014 Sq.Ft.
1517 E 1st St
Long Beach, CA 90802
1717 Temple Ave, Long Beach, CA 90804
$1,975,000
9 Beds
9 Baths
4746 Sq.Ft.
1717 Temple Ave
Long Beach, CA 90804
1717 Temple Ave, Long Beach, CA 90804
$1,975,000
9 Beds
8 Baths
4746 Sq.Ft.
1717 Temple Ave
Long Beach, CA 90804
522 E Rhea St, Long Beach, CA 90806
$1,799,000
15 Beds
7 Baths
4212 Sq.Ft.
522 E Rhea St
Long Beach, CA 90806
1700 Pacific Ave, Long Beach, CA 90813
$2,448,888
11 Beds
10 Baths
6423 Sq.Ft.
1700 Pacific Ave
Long Beach, CA 90813

Recently Sold Homes Near 1211 Hoffman Ave

1148 Hoffman Ave, Long Beach, CA 90813
$1,275,000 Last Sold Price
12 Beds
4 Baths
2996 Sq.Ft.
1148 Hoffman Ave
Long Beach, CA 90813
1202 Mahanna Ave, Long Beach, CA 90813
$1,675,000 Last Sold Price
6 Beds
6 Baths
4000 Sq.Ft.
1202 Mahanna Ave
Long Beach, CA 90813
1325 E 11th St, Long Beach, CA 90813
$750,000 Last Sold Price
4 Beds
3 Baths
2014 Sq.Ft.
1325 E 11th St
Long Beach, CA 90813
1505 E 11th St, Long Beach, CA 90813
$4,527,000 Last Sold Price
29 Beds
21 Baths
13924 Sq.Ft.
1505 E 11th St
Long Beach, CA 90813

Related Resources to 1211 Hoffman Ave

New Listings in 90813
Popular Zip Codes
Popular Cities
Other Long Beach Resources

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.

Refi Quote