1136 Hoffman Ave | Long Beach, CA 90813
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- LoopNet Team
1136 Hoffman Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Situated in the desirable 90814 zip code, this property is positioned in a high demand rental market with strong tenant demand.
- Featuring one-bedroom one-bath units, this con?guration is ideal for the blue-collar workforce demographic that thrives in the area.
- Long Beach continues to see rising rental rates, making these properties attractive for long-term appreciation and stable occupancy.
- Property has undergone a full modernization in 2023, including new ?ooring, fresh paint, upgraded appliances, and contemporary ?nishes, making them tu
- While the property has been fully renovated, there remains an opportunity to increase rents to market levels and enhance cash ?ow over time.
- Originally built in 1922 this building retains its historic charm while offering modern conveniences, attracting a broad tenant base.
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 4,796 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1922 |
| Zoning | LBR2N - restricted Density Multiple Dwelling | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,796 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1922 |
| Zoning | LBR2N - restricted Density Multiple Dwelling |
AMENITIES
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | - |
PROPERTY TAXES
| Parcel Number | 7267-001-029 | Improvements Assessment | $669,309 |
| Land Assessment | $1,115,517 | Total Assessment | $1,784,826 |
PROPERTY TAXES
Parcel Number
7267-001-029
Land Assessment
$1,115,517
Improvements Assessment
$669,309
Total Assessment
$1,784,826
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