Seller's Agent in 2019
Justin White
Justin White
(714) 231-2537
43 Total Sales
1136 Hoffman Ave Long Beach, CA 90813
Cambodia Town Neighborhood
2
Beds
10
Baths
4,796
Sq Ft
6,266
Sq Ft Lot
Highlights
- Laundry Room
- Long Beach Polytechnic High School Rated A
- 3-minute walk to Douglas Macarthur Park
About This Home
As of June 2019The subject property is a 12 unit multifamily investment located at 1136 Hoffman Ave, four blocks East of Alamitos Ave. and one blocks South of Anaheim Street. This investment consists of 10 studio units and 2 one bedrooms/ one-bathroom units. Built in 1922, this property is a single story, center courtyard style building with second story units above the rear laundry room. With approximately 4796 rentable square feet, and a lot size of 6,266 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 and surrounded by the Federally Identified “Opportunity Zone” Census Tract. 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 - 1133 Hoffman Ave, Long Beach, CA 90813
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 6,266 Sq Ft Lot
- Two or More Common Walls
Parking
- On-Street Parking
Home Design
- 4,796 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 2 Bedrooms
- 10 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tax Lot 20
- Tax Tract Number 4496
- Assessor Parcel Number 7267001029
Community Details
Building Details
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- Gardener Expense $1,680
- Insurance Expense $2,158
- Maintenance Expense $6,586
- Other Expense $2,503
- Professional Management Expense $5,385
- Water Sewer Expense $7,030
- New Taxes Expense $1,800
- Operating Expense $43,342
- Gross Income $10,469
- Net Operating Income $61,127
Additional Features
- 12 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/26/2019 06/26/19 | Sold | $1,600,000 | 0.0% | $334 / Sq Ft |
| 03/29/2019 03/29/19 | For Sale | $1,600,000 | -- | $334 / 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 | $23,717 | $1,784,826 | $1,115,517 | $669,309 |
| 2024 | $23,717 | $1,749,831 | $1,093,645 | $656,186 |
| 2023 | $23,297 | $1,715,521 | $1,072,201 | $643,320 |
| 2022 | $21,880 | $1,681,884 | $1,051,178 | $630,706 |
| 2021 | $21,419 | $1,648,907 | $1,030,567 | $618,340 |
| 2020 | $21,365 | $284,770 | $100,334 | $184,436 |
| 2019 | $5,119 | $279,206 | $98,367 | $180,839 |
| 2018 | $4,912 | $273,751 | $96,439 | $177,312 |
| 2016 | $4,535 | $262,201 | $92,696 | $169,505 |
| 2015 | $4,387 | $258,263 | $91,304 | $166,959 |
| 2014 | $4,426 | $253,205 | $89,516 | $163,689 |
Source: Public Records
Agents Affiliated with this Home
-
Justin White
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19070437
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
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