$1,400,000 Price Analysis   ♡   Long Beach, CA 90813 Unknown bed None bath 3,926 SqFt ($356/SqFt) 6,579SqFt lot. Built 1923 Listed 2019-10-03, Taxes $19,333 | Ⓧ USDA Ineligible due to price & location near Long Beach |
The subject property is located at 1133 Hoffman Ave
* No Longer For Sale *
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Four blocks East of Alamitos Ave. and one blocks South of Anaheim Street. This investment consists of 12 studio bedrooms/one-bathroom units. Built in 1923, this proprty is a single story, center courtyard style building. With approximately 3, 926 ren table square feet and a lot size of 6, 578 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.
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 - 1136 Hoffman Ave, Long Beach, CA 90813
Presented by Justin White at
Justin White.
Property MLS #PW19070383 from CRMLS
Lot Size Acres: 0.1510331
Lot Size Source: Assessor
Lot Size Square Feet: 6579
County: Los Angeles
Cap Rate: 4.37
Other Expense: 5969.00
Source Property Type: Multi-Family
Insurance Expense: 1767.00
Area: 4 - Downtown Area, Alamitos Beach
Source Neighborhood: Other (OTHR)
Parcel Number: 7267002008
Postal Code Plus 4: 5549
Subdivision: Other (OTHR)
Zoning: LBR2N
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $525,588 + $946,060 $1,471,648 | $19,333 |
| 2021 | $515,283 + $927,510 $1,442,793 | $18,923 |
| 2020 | $510,000 + $918,000 $1,428,000 | $18,876 |
| 2019 | $65,689 + $145,994 $211,683 | $4,274 |
| 2018 | $64,401 + $143,132 $207,533 | $4,076 |
| 2017 | $63,139 + $140,326 $203,465 | $4,028 |
| 2016 | $61,901 + $137,575 $199,476 | $3,774 |
| 2015 | $60,972 + $135,509 $196,481 | $3,656 |
| 2014 | $59,778 + $132,855 $192,633 | $3,703 |
| 2013 | $59,508 + $132,255 $191,763 | $3,611 |
| 2012 | $58,342 + $129,662 $188,004 | $3,635 |
| 2010 | $57,199 + $127,120 $184,319 | $3,482 |
| 2009 | $56,907 + $126,470 $183,377 | $3,371 |
| 2009 | $56,772 + $126,170 $182,942 | $3,371 |
| 2008 | $55,792 + $123,991 $179,783 | $3,142 |
| 2007 | $54,699 + $121,560 $176,259 | $3,003 |
$0
CRMLS
Listing removed 2024-06-04
$0
CRMLS
Listed 2024-06-03
$2,350,000
CRMLS
Listed 2024-02-15
$5,325,000
CRMLS
Sold 2019-06-26
$1,400,000
CRMLS
Listed 2019-03-29
$1,400,000
CRMLS
Sold 1996-11-06
$145,000
Public Record
Sold 1990-06-20
$350,000
Public Record
Sold 1990-04-30
$315,000
Public Record
Year Built: 1923
Building Features: 1
Common Walls: 2+ Common Walls
Property Age: 96
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Year Built Source: Public Records
Water Source: Public
Map directions Map directions Map directions Map directionsThe property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.