1133 Hoffman Ave - Apartments FOR SALE
Long Beach, CA 90813 |
1133 Hoffman Ave
Long Beach, CA 90813
HIGHLIGHTS
- Situated in the desirable 90814 zip code, this property is positioned in a high demand rental market with strong tenant demand.
- Property has undergone a full modernization in 2023, including new ?ooring, fresh paint, upgraded appliances, and contemporary ?nishes.
- Featuring one-bedroom one-bath units, this con?guration is ideal for the blue-collar workforce demographic that thrives in the area.
- While the property has been fully renovated, there remains an opportunity to increase rents to market levels and enhance cash ?ow over time.
- Long Beach continues to see rising rental rates, making these properties attractive for long-term appreciation and stable occupancy.
- Originally built in 1923 this building retains its historic charm while offering modern conveniences, attracting a broad tenant base.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
The Hoffman Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
3926
STORIES
1
YEAR BUILT
1923
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
7267-002-008
