1133 Hoffman Avenue

Long Beach, CA 90813

$5,325,000
Price
1
Beds
24
Baths
8,722 Sq. Ft.
$611 / Sq. Ft.
8,722
Sq. Ft.
$611
per Sq. Ft.

Description

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...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.
  1. Listed by Ryan Pratt • DRE #02179841 • Brokerage DRE #02014153 • Skyline Commercial Real Estate • 714-767-7039

Property Details for 1133 Hoffman Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
24.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
8722
Assessor Parcel Number
7267-002-008
Property Attached YN
true

Location

Listing Courtesy of Skyline Commercial Real Estate, Ryan Pratt, DRE #02179841
Add your commute
LISTING UPDATED: 03/29/2024 02:16 AM

Property Details for 1133 Hoffman Avenue

StatusActive
MLS #NP24031945
Days on Market74
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1923
Lot Size0.29 AC / 12,845 SF
CountyLos Angeles County

Location

Listing Courtesy of Skyline Commercial Real Estate, Ryan Pratt, DRE #02179841
Add your commute

Building Information for 1133 Hoffman Avenue

Stories1Residences-Year Built1923Building Size-Lot Size0.29 AC / 12,845 SF

Payment Calculator

$30,776 per month

30 year fixed, 7.25% Interest

Principal and Interest

$29,061

Property Taxes

$1,715

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1133 Hoffman Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $469,200
  • Gross Scheduled Income: $469,200
  • Vacancy Allowance: 14616
  • Gross Operating Income: $472,584
  • Net Operating Income: $333,783
  • Laundry Income: $3,600
  • Gross Multiplier: 10.93
  • Cap Rate: 6.27
Expense Details
  • Operating Expense: $138,801
  • New Taxes Expense: $63,320
  • Fuel Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Other Expense: $75,481
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $138,801
Tax / Assessment Info
  • Tax Tract Number: 4496
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: 7267001029
  • Lot Features: 0-1 Unit/Acre, 21-25 Units/Acre
  • Number Of Units: 24
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Alamitos Beach
  • Builders Tract Code: Alamitos Beach (AB)
Unit Information
Unit 1
  • Unit Type Units Total: 24
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,679
  • Unit Type Total Rent: $40,296
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1133 Hoffman Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1133 Hoffman Avenue

Taxable ValueLand$964,981Additions$537,059Total$1,502,040
Tax Record2023$20,581 ($1,715 / month)
Home Facts
Total Finished SqFt3,926 SqFtAbove Grade Finished SqFt3,926 SqFtLot Size6,579 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLBR2NCountyLOS ANGELESAPN7267-002-008

Schools near 1133 Hoffman Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1133 Hoffman Avenue is a mixed use property for sale in Long Beach, CA 90813. This property was listed for sale on February 13, 2024 by Skyline Commercial Real Estate, it's currently listed at $5,325,000. It has been on the market for a total of 74 days and was last sold on June 20, 1990. This listing's school district is Long Beach Unified School District. Nearby schools include Lincoln Elementary School, Franklin Classical Middle School and Polytechnic High School. 1133 Hoffman Avenue is a 1-bed, 24-bath, 8,722 sqft mixed use property built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Skyline Commercial Real Estate, Ryan Pratt, DRE #02179841

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.