1033 Hoffman Avenue, Long Beach, CA 90813
Property · 2 recorded sales since 2012
Sold August 2021
Listing Agent: Dustin Edwards (DRE #01704406) · Listing Office: Beach Cities Management, Inc. · Contact: 562-888-0247 · Bought with: Jonathan Swire · The Agency · MLS #PW21129380 · Source: CRMLS
About this property
Welcome to 1033 Hoffman! This investment property is very well maintained and operates smoothly month-in and out. It has a great mix of units with (1) 3/2, (1) 3/1, (5) 2/1, and (6) 1/1. Finding good tenants for this property is not an issue due to its beautiful curb appeal, many of the units are upgraded and remodeled, and the location is hard to beat. Located less than 1.5 miles to the ocean gives you wonderful breezes for the tenants to enjoy. The property has received over $200,000.00 in upgrades and remodeling over the last six years, including double-paned vinyl windows throughout, kitchen and bathroom remodels in quite a few of the units, and laminate or vinyl plank flooring in a majority of them. The current ownership maintains the property incredibly well, and it shows when you visit the building. Priced at an attractive GRM of 10.96 at market rents and even a 12.77 GRM at current rents, this investment is a great value. Units are individually metered for gas and electricity further increasing the opportunity for cash-flow to the investor. If you’re looking for a solid investment well-located in a thriving coastal city, look no further!
Listing description from the August 2021 sale, as reported to CRMLS.
Sale history
