1212 Hoffman Avenue, Long Beach, CA 90813

  • $1,729,000
  • 40 Days on site
  • Est: $6,406/month
  • Mortgage Center
  • Beds: n/a
  • Baths: n/a
  • Multi-Family Home


**$96K PRICE REDUCTION - MOTIVATED SELLER** The subject property is an extensively remodeled 12-unit apartment complex located in Eastside Long Beach, CA. Built in 1923, this Spanish style complex features Twelve One Bed / One Bath bungalow style units. Ten of the twelve units have been completely remodeled from top to bottom and rented to quality tenants for $1,195 and $1,095 per month. A new investor can renovate the remaining Two units, as well as install a coin operated washer/dryer to capture an additional $550 per month equating to a 6. 36% Cap Rate. Renovations to the Hoffman Bungalows include, but are not limited to new white washed laminate flooring, quartz kitchen counter-tops, ceramic tile back splashes, Italian tile bathroom flooring and stainless steel appliances, new stucco exterior and some upgraded copper plumbing. 6. 0% Current Cap Rate & 6. 36% Pro Forma Cap Rate Click here to learn more about this listing.

  • MLS ID# RS16702787
  • Year Built: 1923
  • 40 Days on site
  • Multi-Family Home
  • Beds: n/a
  • Baths: n/a

Listing Details

Lot Size
Approximately 6098 Square Feet

Local Info

Median Household Income
Median Years In Residence
Median Homeowner Age
Households with Children
Percent of Homes Rented

Nearby Elementary Schools

1423 Walnut Ave
1175 E 11th St
1761 Walnut Ave

Nearby Middle Schools

540 Cerritos Ave
855 E 5th St
1951 Cherry Ave

Nearby High Schools

1600 Atlantic Ave
620 Olive Ave
235 E 8th St

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Mortgage Rates

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Property Contact Info

Listing Provided By: Nationwide Real Estate Execs
(562) 423-8134
Listing Agent: Andrew Mcallister

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