$1,425,000
FOR SALEActive1073 1075 Hoffman
Long Beach CA 90813
3,462
SF
Multi-Family
Type
1924
Built
$412/SF
Cost/SF
Listing Agent
Tom Torabi
Listing Agent
DRE #: 00936845
(310) 768-8800Brokerage: Lee & Associates Commercial Real Estate Services Inc - South Bay
Location Analysis
About This Property
1073-1075 Hoffman Ave. presents a fabulous OWNER/USER and/or INVESTMENT opportunity in a great Long Beach rental market. The property consists of a large freestanding single-family home with a 2nd building in the back housing 4 apartment units. The property is legally 4 units, however there is a 5th 2 bedroom/1 bath unit in the back building that is legal but non-conforming; this was a storage unit prior to it being converted unit an apartment unit. The building is in great shape with new windows, newer roofs, extensively upgraded plumbing, and a concrete driveway. The net rentable square footage of the 5 units is approximately 3,462 square feet and the property sits on a 6,959 square foot lot.
Property Information
Property Overview
Commercial - MultiFamily
Property Type
Active
Status
0.1598 acres
Lot Size
4
Total Units
3,462 SF
Square Footage
$411.61/SF
Price per SF
6.01%
Cap Rate
$86K
NOI
1,924
Year Built
2
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
6.01% Cap Rate
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
6.01%
Cap Rate
$85,615
NOI
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CRMLS
MLS# SB26154402
Listed:
Nalren refreshed:
Last updated
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Listed by: Lee & Associates Commercial Real Estate Services Inc - South Bay
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Advertising Broker: Nalren Corp (CA DRE #02423715)
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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.