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Listed by Justin White • Justin White
$ 2,875,000
Est. payment /mo
New
1133 Hoffman AVE Long Beach, CA 90813
6,579 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25088733
Style Cottage
Originating Board California Regional MLS
Year Built 1923
Lot Size 6,579 Sqft
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
Rooms
Kitchen Oven - Double, Refrigerator, Oven - Electric
Interior
Heating Wall Furnace
Cooling Central Forced Air - Electric
Laundry Laundry Area
Exterior
Pool None
Roof Type Flat / Low Pitch
Building
Story One Story
Foundation Raised
Water District - Public
Architectural Style Cottage
Others
Tax ID 7267002008
Special Listing Condition Not Applicable
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