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1211 Hoffman Avenue
Long Beach, CA 90813
Sold
1211 Hoffman Avenue
Long Beach, CA 90813
Sold
Live Auction! Bidding to start from $1,800,000! All income numbers stated here are actual, NOT pro forma. The 4.42 cap rate stated here is based on a possible sales price of $2,300,000, using the actual income and expense numbers stated here, which include estimated property taxes based off a possible sales price of $2,300,000. This excellent investment opportunity includes a building with an open central courtyard and community laundry units. Laundry income is stated here. This investment consists of SIX 2-bedroom, 1-bath units, FIVE 3-bedroom, 1-bath units, and ONE 4-bedroom, 1.5-bath unit. Seller has approved ADU plans to divide this 4-bedroom unit into a 3bdrm, 1bath & 2bdrm, 1bath unit, for a total of 13 units in this building. All units are fully rented with mostly long-term tenants and there are very rarely any vacancies. There is definite upside opportunity in the rental income, check out the current rent roll information. This is a terrific investment opportunity!
PROPERTY INFORMATION
| MLS # | PW23006801 | Lot Size | 6,534 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,800,000
Price Per SqFt: $ 257 |
DOM | 848 Days |
| Address | 1211 Hoffman Avenue | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 6,993 Sq. Ft. |
| Postal Code | 90813 | Garage | N/A |
| County | Los Angeles | Year Built | 1923 |
| Bed / Bath | 31 / 0 | Parking | N/A |
| Built In | 1923 | Status | Closed |
| Sold Date | 2023-05-11 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| EntryLocation | Front and Rear |
| Entry Level | 0 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 90 (Walker's Paradise)
Transit Score: 56 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,920
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 01/24/2023 | Pending | $1,800,000 |
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Listing provided courtesy of Paul Conti, Harcourts Prime Properties. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
