NOT LISTED FOR SALE
14 Beds
10 Baths
6,356 Sq Ft
7,659 Sq Ft Lot

Last Sold August 06, 2021

Last sale price $2,500,000 $393 Per Sq Ft

8 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • 5-minute walk to Douglas Macarthur Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of August 2021

Welcome to 1033 Hoffman! This building is very well maintained and has beautiful curb-appeal. It has a great mix of units with 3 bedroom (2), 2 bedroom(5) and 1 bedroom (6) units. Most of the units are upgraded and remodeled, and the location is hard to beat. Located less than 1.5 miles to the ocean gives you wonderful breezes for the tenants to enjoy. The units in building has been upgraded with double-paned Vinyl windows throughout, kitchen and bathroom and laminated or vinyl plank flooring in majority of them. Units are individually metered for gas and Electricity to make it easier for residents.

1033 Hoffman Avenue has a Walk Score of 89 out of 100. This location is Very Walkable so most errands can be accomplished on foot.1033 Hoffman Avenue is a 20 minute walk from the Metro A Line (Blue) at the Anaheim Street Station stop. This location is in the Central Long Beach neighborhood in Long Beach. Nearby parks include Douglas MacArthur Park, California Recreation Center and David Burcham Field.

Last Agent to Sell the Property

Justin Edwards

Beach Cities Management, Inc. License #01704406 Listed on: 06/15/2021

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,659 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • Property Attached

Interior Spaces

  • 6,356 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 17 / A
  • Assessor Parcel Number 7267008026

Community Details

Building Details

  • 12 Leased Units
  • Rent Control
  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $3,077
  • Maintenance Expense $8,022
  • Pest Control $432
  • Professional Management Expense $11,605
  • Trash Expense $1,496
  • Water Sewer Expense $4,100
  • New Taxes Expense $30,625
  • Operating Expense $60,357
  • Gross Income $193,419
  • Net Operating Income $121,975

Additional Features

  • 13 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

7,659 Sq Ft Lot

Listing Details

  • Professional Management Expense: 11605.00
  • Property Attached: Yes
  • Subdivision Name Other: Unknown
  • Water Sewer Expenses: 4100.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7267008026
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 393.33

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 432.00
  • Sewer: Public Sewer
  • Trash Expense: 1496.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7659.00
  • Lot Size Acres: 0.1758

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 193419.00
  • Gross Multiplier: 12.77
  • Gross Operating Income: 182332.00
  • Gross Scheduled Income: 191928.00
  • Gross Spendable Income: 182332.00
  • Insurance Expense: 3077.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1491.00
  • Lot Size Area: 7659.0000 Square Feet
  • Maintenance Expense: 8022.00
  • Net Operating Income: 121975.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 13
  • Operating Expense: 60357.00
  • Rent Control: Yes
  • Total Actual Rent: 14699.00
  • Total Expenses: 60357.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 30625.00
  • Tax Block: A
  • Tax Census Tract: 5764.02
  • Tax Lot: 17
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/05/2025 03/05/25 Off Market $1,495 -- --
01/16/2025 01/16/25 For Rent $1,495 0.0% --
08/06/2021 08/06/21 Sold $2,500,000 +2.0% $393 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $2,450,000 +122.7% $385 / Sq Ft
06/28/2012 06/28/12 Sold $1,100,000 0.0% $172 / Sq Ft View Prior Sale
05/28/2012 05/28/12 Pending -- -- --
01/26/2012 01/26/12 For Sale $1,100,000 -- $172 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $34,668 $2,653,020 $1,724,463 $928,557
2024 $34,668 $2,601,000 $1,690,650 $910,350
2023 $34,064 $2,550,000 $1,657,500 $892,500
2022 $31,980 $2,500,000 $1,625,000 $875,000
2021 $19,323 $1,443,610 $1,006,153 $437,457
2020 $19,273 $1,429,959 $995,837 $434,122
2019 $19,045 $1,401,944 $976,311 $425,633
2018 $18,510 $1,374,478 $957,168 $417,310
2016 $17,047 $1,320,000 $920,000 $400,000
2015 $13,689 $1,060,470 $737,718 $322,752
2014 $13,651 $1,039,698 $723,268 $316,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21129380

California Regional Multiple Listing Service (CRMLS)
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