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Sold for $1,750,000 · Feb 2022

SOLD

Listed at $1,695,000

Sold

1024 Hoffman Avenue, Long Beach, CA 90813

Long Beach, CA

MLS# SB21225992

3,904 Sq Ft • Property
17 days on market

Listing Agent

Anthony Walker

Listing Agent

Buckingham Investments, Inc

DRE #: 01908153

Brokerage: Buckingham Investments, Inc

Property Details

N/A

Bedrooms

N/A

Bathrooms

3,904 sqft

Square Feet

1948

Year Built

8,398 sqft

Lot Size

$448

Price/Sq Ft

0

Garage Spaces

N/A

HOA

Property

Property Type

Description

Rare opportunity to purchase a stabilized property at 13.6X gross on actuals plus a 15% upside in rents. Actual in-place cap rate of 4.6% with a super strong rate of 5.5% at market rents. 4 out of 5 units were built in the 1980’s allowing a low maintenance asset. Attractive unit mix with (2) four bedroom units and (3) three bedroom units. Two parking spaces per unit for a total of 10 spaces in an extremely parking impacted area. 4 out of 5 units extensively renovated with updated kitchens, quartz counters, vinyl plank flooring, and remodeled bathrooms. Clean, professionally managed building with no deferred maintenance. High actual income allows for great leverage.

Listing description from the February 2022 sale, as reported to CRMLS.

Facts & Features

Details

Stories
2

Sale history for 1024 Hoffman Avenue

2 recorded sales

$1,750,000
Sold February 2022 · listed $1,695,000, on market October 2021, 17 days on market · MLS #SB21225992 · Source: CRMLS
Listing Agent: Anthony Walker · Listing Office: Buckingham Investments, Inc · Contact: 310 982-7055 · Bought with: Cody Charnell · Buckingham Investments
$1,310,000
Sold July 2018 · listed $1,325,000, on market April 2018, 30 days on market · MLS #SB18077651 · Source: CRMLS
Listing Agent: Anthony Walker · Listing Office: Buckingham Investments, Inc · Contact: 310 982-7055 · Bought with: Anthony Walker · Buckingham Investments, Inc

How this sale compares

1024 Hoffman Avenue sold for $1,750,000 in February 2022, 3.2% over its $1,695,000 list price, after 17 days on the market. Across 98 closed sales in 90813 over the last 12 months, the median sold price is $720,000 and the median is $490 per square foot.

$490
90813 median per sq ft (12 mo)
$720,000
90813 median sold price (12 mo)
98
Closed sales in 90813 (12 mo)
17
Days on market
+3.2%
Sold vs. list price
QuarterClosed sales in 90813Median sold price
Q1 20269$610,000
Q2 202638$750,000
Q3 202636$710,000
Q4 202615$750,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Long Beach · Homes for sale in 90813

Recent sales near 1024 Hoffman Avenue

Closed sales reported in 90813, nearest first, last 12 months. All recent sales in Long Beach →

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CRMLS

MLS# SB21225992

Listed: 10/12/2021

© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of 2/8/2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Buckingham Investments, Inc

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.