1133 Hoffman Ave , Long Beach, CA - 90813 is For Sale

  • NP24031945
  • NP24031945
  • NP24031945
  • NP24031945
  • NP24031945
  • NP24031945
  • NP24031945
$5,325,000· Income property

Description

Skyline Commercial Advisors is pleased to present the opportunity to acquire The Hoffman Apartments, 24 total units comprised of two 12 unit buildings (1133-1136 Hoffman Ave) directly across from each other located in Long Beach, CA. The properties offer (24) 1 bedroom units, majority single story, producing excellent income. Community amenities include on-site laundry for tenants as well as a center courtyard. These buildings have been extensively renovated both on the exterior and interior of the units, including a new roof, electrical systems, flooring, and cabinets. The Hoffman Apartments provides an investor the opportunity to acquire an income producing asset with established rents at current market rates.

Features

MLS#: NP24031945
List Price : $5,325,000
Total Units : 24
CAP rate : $6.27
Gross Operating Income : $472,584
Net Operating Income : $333,783
Sq M : 1,193 M2
Year Built : 1923
Days on market : 72 Days
Gross taxes : N/A
Address : 1133 Hoffman Ave
City : Long Beach
State : CA
Zip Code : 90813
Neighborhood : N/A
Stories : 1
Laundry : Common Area
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $5,325,000
Acres : 0.2949
Lot Size (Acres) : 0.2949
Water : Public
Sewer : Public Sewer
Pool Desc : None
Driving Directions : Hoffman Ave and E Anaheim
Lot Features : 0-1 Unit/Acre, 21-25 Units/Acre
 
Courtesy of : Ryan Pratt , Skyline Commercial Real Estate

Location

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