Seller's Agent in 2020
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
3 in this area
89 Total Sales
1148 Hoffman Ave Long Beach, CA 90813
Cambodia Town NeighborhoodEstimated Value: $1,223,000 - $1,618,000
12
Beds
4
Baths
2,996
Sq Ft
$494/Sq Ft
Est. Value
Highlights
- 1-Story Property
- Long Beach Polytechnic High School Rated A
- 3-minute walk to Douglas Macarthur Park
About This Home
As of October 2020Beautifully updated, cash flowing bungalow complex just North of Alamitos Beach. Four free-standing 3 Bed/1 Bath houses on a lot with 4 garages plus storage and laundry. All 4 units have been totally remodeled within the last year including vinyl plank floors, kitchens with granite counters, bathrooms with new tub surrounds and vanities, and two-tone paint. Just completed exterior refresh including designer paint, fresh landscaping, and lighting. Central courtyard creates a secure community feel for residents. High-yield asset at 12.4X gross rents on actuals and a true 5.2% cap rate including vacancy reserve and professional management. Strong rental location just outside of Downtown Long Beach, close to billions in new development, only 1.2 miles to the beach. Three of the bungalows were built in the 1920's, fourth unit built in 1980 per public records.
Last Agent to Sell the Property
Buckingham Investments, Inc License #01908153 Listed on: 09/02/2020
Last Buyer's Agent
Buckingham Investments, Inc License #01908153 Listed on: 09/02/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1980
Lot Details
- 6,254 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 5 Car Garage
Interior Spaces
- 2,996 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 12 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 18
- Tax Tract Number 4496
- Assessor Parcel Number 7267001027
Community Details
Overview
- 4 Buildings
- 4 Units
- Poly High Subdivision
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $651
- Fuel Expense $651
- Gardener Expense $600
- Insurance Expense $1,600
- Maintenance Expense $4,962
- Pest Control $500
- Professional Management Expense $4,962
- Trash Expense $651
- Water Sewer Expense $652
- New Taxes Expense $16,188
- Operating Expense $31,979
- Gross Income $99,237
- Net Operating Income $67,321
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
Sep 2, 2020
Closed on
Nov 7, 2020
Sold by
Bought by
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,295,000
Sold Price
$1,275,000
Premium/Discount to List
-$20,000
-1.54%
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
$186,383
Avg. Annual Appreciation
2.65%
Original Mortgage
$1,020,000
Outstanding Balance
$901,421
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$579,614
Purchase Details
Listed on
Sep 2, 2020
Closed on
Sep 11, 2020
Sold by
Bought by
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,295,000
Sold Price
$1,275,000
Premium/Discount to List
-$20,000
-1.54%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Outstanding Balance
$901,421
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$579,614
Purchase Details
Listed on
Jan 11, 2019
Closed on
Apr 5, 2019
Sold by
Bought by
Seller's Agent
Ron Werner
Vista Sotheby’s International Realty
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$995,000
Sold Price
$975,000
Premium/Discount to List
-$20,000
-2.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.03%
Original Mortgage
$700,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 24, 2014
Closed on
Jan 6, 2015
Sold by
Bought by
Seller's Agent
Elsa Villaescusa
Centerpointe Real Estate
Buyer's Agent
Ron Werner
Vista Sotheby’s International Realty
List Price
$724,900
Sold Price
$660,000
Premium/Discount to List
-$64,900
-8.95%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.69%
Original Mortgage
$495,000
Interest Rate
3.82%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 24, 2014
Closed on
Jan 2, 2015
Sold by
Bought by
Seller's Agent
Elsa Villaescusa
Centerpointe Real Estate
Buyer's Agent
Ron Werner
Vista Sotheby’s International Realty
List Price
$724,900
Sold Price
$660,000
Premium/Discount to List
-$64,900
-8.95%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
3.82%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 17, 2014
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
$495,000
Interest Rate
3.82%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 16, 2014
Sold by
Bought by
Purchase Details
Closed on
Aug 23, 2010
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
$483,489
Interest Rate
3.75%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 8, 2010
Sold by
Bought by
Purchase Details
Closed on
Aug 10, 2009
Sold by
Bought by
Purchase Details
Closed on
Jun 14, 2006
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
$594,300
Interest Rate
8.37%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 28, 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
$630,000
Interest Rate
1.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 2, 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
$640,000
Interest Rate
5.61%
Mortgage Type
Construction
Purchase Details
Closed on
Jan 25, 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
$640,000
Interest Rate
5.61%
Mortgage Type
Construction
Purchase Details
Closed on
Aug 28, 1998
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
$261,000
Interest Rate
6.79%
Mortgage Type
Seller Take Back
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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 |
|---|---|---|---|
| -- | None Available | ||
| $1,275,000 | Fidelity National Title Co | ||
| $975,000 | First American Title Ins Co | ||
| -- | Orange Coast Title Company | ||
| $660,000 | Orange Coast Title Company | ||
| -- | Orange Coast Title Company | ||
| -- | None Available | ||
| $490,000 | First American Title Company | ||
| $391,500 | Landsafe Title | ||
| $329,000 | First American Title Company | ||
| $849,000 | None Available | ||
| $900,000 | First American Title Co | ||
| -- | Ticor Title Co Fullerton | ||
| $549,000 | Ticor Title Co Fullerton | ||
| $290,000 | American 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 | $1,020,000 | ||
| Previous Owner | $700,000 | ||
| Previous Owner | $495,000 | ||
| Previous Owner | $483,489 | ||
| Previous Owner | $594,300 | ||
| Previous Owner | $630,000 | ||
| Previous Owner | $640,000 | ||
| Previous Owner | $261,000 |
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 |
|---|---|---|---|---|---|
| 10/23/2020 10/23/20 | Sold | $1,275,000 | -1.5% | $426 / Sq Ft | |
| 09/15/2020 09/15/20 | Pending | -- | -- | -- | |
| 09/02/2020 09/02/20 | For Sale | $1,295,000 | +32.8% | $432 / Sq Ft | |
| 04/10/2019 04/10/19 | Sold | $975,000 | -2.0% | $346 / Sq Ft | View Prior Sale |
| 02/16/2019 02/16/19 | Pending | -- | -- | -- | |
| 01/11/2019 01/11/19 | For Sale | $995,000 | +50.8% | $353 / Sq Ft | |
| 01/19/2015 01/19/15 | Sold | $660,000 | -9.0% | $220 / Sq Ft | View Prior Sale |
| 01/06/2015 01/06/15 | Pending | -- | -- | -- | |
| 06/24/2014 06/24/14 | For Sale | $724,900 | -- | $242 / 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 | $18,602 | $1,380,099 | $898,418 | $481,681 |
| 2024 | $17,812 | $1,353,039 | $880,802 | $472,237 |
| 2023 | $17,510 | $1,326,510 | $863,532 | $462,978 |
| 2022 | $16,439 | $1,300,500 | $846,600 | $453,900 |
| 2021 | $16,111 | $1,275,000 | $830,000 | $445,000 |
| 2020 | $12,859 | $994,500 | $693,600 | $300,900 |
| 2019 | $9,516 | $711,077 | $495,599 | $215,478 |
| 2018 | $9,177 | $697,135 | $485,882 | $211,253 |
| 2016 | $8,446 | $670,065 | $467,015 | $203,050 |
| 2015 | $7,027 | $522,340 | $362,440 | $159,900 |
| 2014 | $6,535 | $512,109 | $355,341 | $156,768 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Walker
-
Ron Werner
Seller's Agent in 2019
Ron Werner
Vista Sotheby’s International Realty
(310) 614-4027
36 Total Sales
-
Elsa Villaescusa
Seller's Agent in 2015
Elsa Villaescusa
Centerpointe Real Estate
(562) 773-7297
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20180574
APN: 7267-001-027
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
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