Long Beach, CA 90813 1133 Hoffman Avenue
$2,875,000
7 more
Presented By: Justin White with Justin White; 714.231.2537
Beds • 1
Baths • 1
SQFT • 3,926
Year Built • 1923
Home Details
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.
Presented By: Justin White with Justin White; 714.231.2537
Interior Features for 1133 Hoffman Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Interior AmenitiesCeilingFans, RecessedLighting
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 1133 Hoffman Avenue
Additional Parcels Y/NNo
AppliancesDoubleOven, ElectricOven, Refrigerator
Architectural StyleCottage
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.82
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, StreetLights
Construction MaterialsDrywall, Stucco
CoolingElectric
CountyLos Angeles
Current FinancingConventional
DirectionsFrom Downtown Long Beach, continue East on Anaheim Road take a right on Hoffman Ave. Property is on the right.
Electric Expense13405.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income227892.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense7556.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsExchange1031
Lot Size Square Feet6579.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense7800.0
MobileHomeRemainsYNNo
Net Operating Income138484.0
New ConstructionNo
Number Of Units Total12
Operating Expense82572.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
RoofFlat
Security FeaturesCarbonMonoxideDetectors, KeyCardEntry
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameDowntown (DT)
Tax Lot8
Taxes$35,656
Tenant PaysAllUtilities, CableTv, Electricity, Telephone
Trash Expense0.0
UtilitiesCableAvailable, PhoneAvailable, SewerConnected
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1923
Year Built SourcePublicRecords
ZoningLBR2N
Exterior for 1133 Hoffman Avenue
Building Area Total3926.0
Crops Included Y/NNo
FencingGoodCondition
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesElevenToFifteenUnitsAcre
Lot Size Acres0.151
Lot Size Area6579.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters13
Number of Separate Gas Meters12
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$2,875,000
MLS#PW25088733
List Date
04/22/2025
Property Type
Multi-Family
Phone
(562) 537-4182
