1212 Hoffman Avenue, Long Beach, CA 90813

$1,729,000 Approx. USD 0 beds, 0 baths
3,910 sqft

Agent Remarks

**$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

Listing Details

Property type: (Multi-Family)
Status: Active Under Contract
MLS# RS16702787
List price is $1,729,000 Reduced by $96,000 on 9/25/2016
Beds: 0
Baths: 0
Built in 1923
3,910 sqft
0.14 acres
Lot size: 6253.000
County: Los Angeles
Zoning: LBR2N
MLS area: 3 - Eastside, Circle Area

Last Updated: 10/7/2016

 Find more Long Beach homes and real estate

 Find more homes in 90813 zip code

This listing belongs to the 3 - Eastside, Circle Area MLS area

The listing is zoned LBR2N.
View more listings zoned LBR2N

Lat/Long: 33.782024, -118.173325.
Find nearby listings

Broker: Courtesy of Nationwide Real Estate Execs
Listing Agent: Andrew McAllister

Area Map

Nearby Schools

Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

Similar Listings