1021 Hoffman Avenue, Long Beach, CA 90813
Property · 2 recorded sales since 2017
Sold September 2020
Listing Agent: Greg Bassirpou (DRE #01365951) · Listing Office: Marcus & Millichap RE Invest · Contact: 949-419-3200 · Bought with: Josh Ess · Buckingham Investments, Inc · MLS #OC20116467 · Source: CRMLS
About this property
The Hoffman Avenue Apartments are located in the City of Long Beach. The property offers an attractive unit mix comprised of 100% large two-bedroom/ one-bathroom units totaling 3,504 square feet, situated on a 7,731 square foot lot. The subject property has recently gone through an extensive remodel of the interiors and exterior. Some interior upgrades include but are not limited to new kitchens, new bathrooms, new appliances, new flooring, new windows, and new garage doors. Amenities include patio/deck, ample on-site parking with enclosed garages, and washer/dryer hookups. The subject property is conveniently located minutes away from Downtown Long Beach and the popular Alamitos Beach community, providing residents easy access to not only the beach, but also many employment opportunities and a vibrant nightlife scene. The Hoffman Avenue Apartments offers investors the oppotunity to acquire a stable, turn-key investment with a 5.77% CAP Rate and 11.16% total return on current income.
Listing description from the September 2020 sale, as reported to CRMLS.
Sale history
