1073-1075 Hoffman Ave presents a multifamily investment opportunity in Long Beach, California. The property is legally configured as a 4-unit asset and includes an additional income-producing unit, creating a unique valuation profile that can be reviewed from both a legal 4-unit perspective and a 5-income-unit operating perspective. The property consists of approximately 3,462 square feet of building area situated on approximately 6,959 square feet of land. Based on the provided operating information, the asset generates current annual scheduled gross income of approximately $130,260, with market annual scheduled gross income of approximately $156,600. At an offering price of $1,550,000, the property reflects a current cap rate of approximately 5.13% and a market cap rate of approximately 6.78%. The valuation is supported by a blend of comparable 4-unit sales, limited 5-unit comparable sales, and the additional income generated by the 5th unit.