Seller's Agent in 2020
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
23 Total Sales
1021 Hoffman Ave Long Beach, CA 90813
Hellman NeighborhoodEstimated Value: $1,287,000 - $1,527,000
2
Beds
1
Bath
3,504
Sq Ft
$403/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Long Beach Polytechnic High School Rated A
- 5-minute walk to Craftsman Village Park
About This Home
As of September 2020The Hoffman Avenue Apartments are located in the City of Long Beach. The property offers an attractive unit mix comprised of 100% large two-bedroom/ one-bathroom units totaling 3,504 square feet, situated on a 7,731 square foot lot.
The subject property has recently gone through an extensive remodel of the interiors and exterior. Some interior upgrades include but are not limited to new kitchens, new bathrooms, new appliances, new flooring, new windows, and new garage doors. Amenities include patio/deck, ample on-site parking with enclosed garages, and washer/dryer hookups.
The subject property is conveniently located minutes away from Downtown Long Beach and the popular Alamitos Beach community, providing residents easy access to not only the beach, but also many employment opportunities and a vibrant nightlife scene. The Hoffman Avenue Apartments offers investors the oppotunity to acquire a stable, turn-key investment with a 5.77% CAP Rate and 11.16% total return on current income.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01365951 Listed on: 06/16/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 7,731 Sq Ft Lot
- No Common Walls
Parking
- 6 Open Parking Spaces
- 4 Car Garage
Interior Spaces
- 3,504 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry in unit
- Washer and Gas Dryer Hookup
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Legal Lot and Block 18 / A
- Tax Tract Number 66
- Assessor Parcel Number 7267008027
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $875
- Fuel Expense $875
- Insurance Expense $1,692
- Trash Expense $875
- Water Sewer Expense $875
- New Taxes Expense $15,300
- Operating Expense $24,212
- Net Operating Income $73,506
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 16, 2020
Closed on
Aug 19, 2020
Sold by
Bought by
Seller's Agent
Greg Bassirpou
Marcus & Millichap RE Invest
Buyer's Agent
Josh Ess
Buckingham Investments, Inc
List Price
$1,275,000
Sold Price
$1,255,000
Premium/Discount to List
-$20,000
-1.57%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,667
Avg. Annual Appreciation
2.06%
Original Mortgage
$1,300,180
Outstanding Balance
$1,149,029
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$262,638
Purchase Details
Closed on
Jan 15, 2019
Sold by
Bought by
Purchase Details
Closed on
Oct 23, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Jan 12, 2017
Closed on
May 24, 2017
Sold by
Bought by
Seller's Agent
Greg Bassirpou
Marcus & Millichap RE Invest
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$795,000
Sold Price
$750,000
Premium/Discount to List
-$45,000
-5.66%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.25%
Original Mortgage
$622,000
Interest Rate
4.03%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jan 26, 2017
Sold by
Bought by
Purchase Details
Closed on
Jan 24, 2017
Sold by
Bought by
Purchase Details
Closed on
Jul 27, 2007
Sold by
Bought by
Purchase Details
Closed on
May 8, 2007
Sold by
Bought by
Purchase Details
Closed on
Feb 23, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Interest Rate
6.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 4, 2006
Sold by
Bought by
Purchase Details
Closed on
Apr 13, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Feb 8, 2005
Sold by
Bought by
Purchase Details
Closed on
Jul 12, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
5.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 8, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
2.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 19, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
2.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 12, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
5%
Purchase Details
Closed on
Dec 3, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
5%
Purchase Details
Closed on
Jul 26, 2000
Sold by
Bought by
Purchase Details
Closed on
Feb 17, 2000
Sold by
Bought by
Purchase Details
Closed on
Apr 7, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
10.2%
Purchase Details
Closed on
Mar 31, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
10.2%
Purchase Details
Closed on
May 10, 1995
Sold by
Bought by
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,255,000 | North American Title | ||
| -- | North American Title | ||
| $1,050,000 | North American Title | ||
| -- | North American Title Company | ||
| -- | North American Title Co | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | Chicago Title Co | ||
| -- | None Available | ||
| $750,000 | Chicago Title Co | ||
| -- | -- | ||
| $700,000 | Fidelity National Title Co L | ||
| -- | Fidelity National Title Co | ||
| $530,000 | Fidelity National Title Co | ||
| -- | First American Title | ||
| -- | First American Title | ||
| $178,000 | Lawyers Title | ||
| $169,900 | American Title | ||
| $180,000 | Equity Title | ||
| $300,000 | Equity Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,300,180 | ||
| Previous Owner | $735,000 | ||
| Previous Owner | $622,000 | ||
| Previous Owner | $635,000 | ||
| Previous Owner | $600,000 | ||
| Previous Owner | $560,000 | ||
| Previous Owner | $424,000 | ||
| Previous Owner | $157,000 | ||
| Previous Owner | $240,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/17/2020 09/17/20 | Sold | $1,255,000 | -1.6% | $358 / Sq Ft | |
| 08/31/2020 08/31/20 | Pending | -- | -- | -- | |
| 06/16/2020 06/16/20 | For Sale | $1,275,000 | +70.0% | $364 / Sq Ft | |
| 06/08/2017 06/08/17 | Sold | $750,000 | -5.7% | $214 / Sq Ft | View Prior Sale |
| 05/16/2017 05/16/17 | Pending | -- | -- | -- | |
| 01/12/2017 01/12/17 | For Sale | $795,000 | -- | $227 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,277 | $1,358,450 | $882,181 | $476,269 |
| 2024 | $17,511 | $1,331,815 | $864,884 | $466,931 |
| 2023 | $17,219 | $1,305,702 | $847,926 | $457,776 |
| 2022 | $16,169 | $1,280,100 | $831,300 | $448,800 |
| 2021 | $15,847 | $1,255,000 | $815,000 | $440,000 |
| 2020 | $13,751 | $1,071,000 | $749,700 | $321,300 |
| 2019 | $10,329 | $780,300 | $546,210 | $234,090 |
| 2018 | $9,937 | $765,000 | $535,500 | $229,500 |
| 2016 | $7,919 | $630,000 | $309,700 | $320,300 |
| 2015 | $7,715 | $630,000 | $309,700 | $320,300 |
| 2014 | $7,418 | $595,000 | $292,500 | $302,500 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Bassirpou
-
Josh Ess
Buyer's Agent in 2020
Josh Ess
Buckingham Investments, Inc
(310) 982-7055
44 Total Sales
-
G
Buyer's Agent in 2017
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20116467
APN: 7267-008-027
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 1040 N Almond Ct
- 1037 N Almond Ct
- 933 Walnut Ave
- 1107 Mahanna Ave
- 1111 Walnut Ave
- 1100 Walnut Ave Unit 6
- 834 Walnut Ave
- 1050 Gaviota Ave
- 1200 Gaviota Ave Unit 104
- 1200 Gaviota Ave Unit 204
- 1310 E Hellman St
- 755 Gaviota Ave
- 646 Nebraska Ave Unit 6
- 1242 E 7th St
- 1377 Warren Ave
- 1001 Cherry Ave Unit 107
- 1081 Cherry Ave
- 1101 Cherry Ave
- 1237 E 6th St Unit 110
- 1237 E 6th St Unit 106
- 1033 Hoffman Ave
- 1015 Hoffman Ave
- 1041 Hoffman Ave
- 1401 E 10th St
- 1409 E 10th St
- 1024 Mahanna Ave
- 1022 Mahanna Ave
- 1417 E 10th St
- 1026 Hoffman Ave
- 1036 Mahanna Ave
- 1034 Hoffman Ave
- 1335 E 10th St
- 1051 Hoffman Ave
- 1040 Mahanna Ave
- 1012 Hoffman Ave Unit 13
- 1024 Hoffman Ave
- 1325 E 10th St
- 1501 E Sunshine Ct
- 1048 Mahanna Ave
- 1061 Hoffman Ave
Your Personal Tour Guide
Ask me questions while you tour the home.