Seller's Agent in 2018
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
160 Total Sales
1212 Hoffman Ave Long Beach, CA 90813
Cambodia Town Neighborhood
1
Bed
1
Bath
3,910
Sq Ft
6,098
Sq Ft Lot
Highlights
- Laundry Room
- Landscaped
- 2-minute walk to Douglas Macarthur Park
- Long Beach Polytechnic High School Rated A
- 1-Story Property
About This Home
As of September 20181212 Hoffman Avenue is a 12-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Situated on a 0.14-acre lot, the 3,910 square foot property consists of single-story one-bedroom floor plans averaging over 320 square feet. Built in 1923, 1212 Hoffman Avenue offers amenities including controlled access, security doors, and on-site laundry. The property offers residents with unit upgrades including new appliances, new paint, new countertops, and new flooring. The property is located just over one mile from Downtown Long Beach, the Long Beach Convention Center, and Junipero Beach.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 05/07/2018
Last Buyer's Agent
Marcus & Millichap RE Invest License #01451551 Listed on: 05/07/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 6,098 Sq Ft Lot
- No Common Walls
- Landscaped
Interior Spaces
- 3,910 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 4496
- Assessor Parcel Number 7267001025
Community Details
Building Details
- 12 Leased Units
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- Electric Expense $1,115
- Fuel Expense $1,115
- Insurance Expense $4,200
- Maintenance Expense $8,400
- Other Expense $9,300
- Trash Expense $1,115
- Water Sewer Expense $1,115
- New Taxes Expense $25,842
- Operating Expense $52,202
- Gross Income $162,852
- Net Operating Income $105,818
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 | Prior Sale |
|---|---|---|---|---|---|
| 09/25/2018 09/25/18 | Sold | $1,951,000 | -2.2% | $499 / Sq Ft | |
| 07/26/2018 07/26/18 | Pending | -- | -- | -- | |
| 07/05/2018 07/05/18 | Price Changed | $1,995,000 | -9.3% | $510 / Sq Ft | |
| 05/07/2018 05/07/18 | For Sale | $2,200,000 | +29.4% | $563 / Sq Ft | |
| 11/18/2016 11/18/16 | Sold | $1,700,000 | -1.7% | $435 / Sq Ft | View Prior Sale |
| 09/25/2016 09/25/16 | Price Changed | $1,729,000 | -5.3% | $442 / Sq Ft | |
| 09/15/2016 09/15/16 | For Sale | $1,825,000 | -- | $467 / 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 | $29,699 | $2,176,374 | $1,522,682 | $653,692 |
| 2024 | $28,421 | $2,133,701 | $1,492,826 | $640,875 |
| 2023 | $27,923 | $2,091,864 | $1,463,555 | $628,309 |
| 2022 | $26,212 | $2,050,848 | $1,434,858 | $615,990 |
| 2021 | $25,679 | $2,010,636 | $1,406,724 | $603,912 |
| 2019 | $25,310 | $1,952,200 | $1,365,000 | $587,200 |
| 2018 | $22,504 | $1,735,200 | $1,213,800 | $521,400 |
| 2017 | $22,262 | $1,700,000 | $1,190,000 | $510,000 |
| 2016 | $13,898 | $1,075,000 | $750,000 | $325,000 |
| 2015 | $10,610 | $814,563 | $573,781 | $240,782 |
| 2014 | $10,593 | $798,608 | $562,542 | $236,066 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
-
Andrew McAllister
A
Seller's Agent in 2016
Andrew McAllister
eXp Realty of Greater L.A
(562) 423-8134
17 Total Sales
-
Kevin King
Buyer's Agent in 2016
Kevin King
Marcus & Millichap
(562) 257-1245
39 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18107043
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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