1133 Hoffman Ave , Long Beach, CA - 90813, Long Beach CA is for sale :

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Dmitry Litvishkov (310)-709-4920

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

Details

Price : $5,325,000

Address : 1133 Hoffman Ave

City : Long Beach

State : CA

Area : 4 - Downtown Area, Alamitos Beach

Property Type : Residential Income

Sq M : 1,193 M²

Total Units : 24

CAP rate : $6

Gross Operating Income : $472,584

Net Operating Income : $333,783

MLS# : NP24031945

Lot Size (Acres) : 0.2949 ac

Property Description

Long Beach Home For Sale. 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.

Listed By

Skyline Commercial Real Estate

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