12
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Listed by Justin White • Justin White
$2,875,000
Est. payment /mo
3,926 SqFt
Active
1133 Hoffman Avenue Long Beach, CA 90813
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Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 3,926 sqft
Price per Sqft $732
Subdivision Downtown
MLS Listing ID PW-25088733
Style Cottage
Year Built 1923
Lot Size 6,579 Sqft
Property Sub-Type Commercial/Residential
Property Description
This 12-unit multifamily property, located in the highly sought-after 90814 zip code of Long Beach, presents a rare opportunity to acquire a fully renovated, turnkey investment in a thriving rental market. Built in 1923, the property was thoughtfully upgraded in 2023 with new flooring, paint, and appliances--ensuring a contemporary living experience while preserving its classic architectural charm. The unit mix consists of one-bedroom, one-bath units, catering to the strong demand from the area's blue-collar workforce. With historically high occupancy rates and consistent rental growth in Long Beach, this property provides immediate cash flow with potential for further rent optimization. The building offers operational efficiencies and economies of scale for investors. This offering represents an excellent opportunity to acquire stabilized assets in a dynamic and growing market--ideal for a seasoned investor or a first-time buyer looking to expand their portfolio.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR2N
Interior
Interior Features Ceiling Fan(s), Recessed Lighting
Heating Wall Furnace
Cooling Electric
Flooring Wood
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Curbs, Street Lights
Utilities Available Sewer Connected, Cable Available, Phone Available
Building
Lot Description 11-15 Units/Acre
Sewer Public Sewer