1133 Hoffman AVE new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID PW25088733
HOA Y/N No
Year Built 1923
Lot Size 6,577 Sqft
Property Sub-Type Mixed Use
Property Description
This 12-unit multifamily property, located in the highly sought-after 90814 zip code of Long Beach, presents a rare opportunity to acquire a fully renovated, turnkey investment in a thriving rental market. Built in 1923, the property was thoughtfully upgraded in 2023 with new flooring, paint, and appliances—ensuring a contemporary living experience while preserving its classic architectural charm.
The unit mix consists of one-bedroom, one-bath units, catering to the strong demand from the area's blue-collar workforce. With historically high occupancy rates and consistent rental growth in Long Beach, this property provides immediate cash flow with potential for further rent optimization.
The building offers operational efficiencies and economies of scale for investors. This offering represents an excellent opportunity to acquire stabilized assets in a dynamic and growing market—ideal for a seasoned investor or a first-time buyer looking to expand their portfolio.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR2N
Interior
Interior Features Ceiling Fan(s),Recessed Lighting
Heating Wall Furnace
Cooling Electric
Flooring Wood
Fireplace No
Appliance Double Oven,Electric Oven,Refrigerator
Laundry Common Area
Exterior
Fence Good Condition
Pool None
Community Features Curbs,Street Lights
Utilities Available Cable Available,Phone Available,Sewer Connected
Roof Type Flat
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Cottage
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7267002008
Security Features Carbon Monoxide Detector(s),Key Card Entry
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard