1212 Hoffman Avenue

    Long Beach, CA 90813
    • $2,200,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: OC18107043
    UPDATED: 94 min ago
    $2,200,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,910
      SQFT
    • $563
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    1212 Hoffman Avenue is a 12-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Situated on a 0.14-acre lot, the 3,910 square foot property consists of one-bedroom floor plans averaging over 320 square feet. Built in 1923, 1212 Hoffman Avenue offers amenities including controlled access, security doors, and on-site laundry.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T00:31:37.313. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/83325581

    1212 Hoffman Avenue Long Beach, CA 90813

    • Price: $2,200,000
    • Status: Active
    • Updated: 94 min ago
    • ID#: OC18107043
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,910
    SQFT
    $563
    $/SQFT
    1923
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    1212 Hoffman Avenue is a 12-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Situated on a 0.14-acre lot, the 3,910 square foot property consists of one-bedroom floor plans averaging over 320 square feet. Built in 1923, 1212 Hoffman Avenue offers amenities including controlled access, security doors, and on-site laundry.
    Exterior Features

    Garage Spaces 0.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 1115.00 Elevation Units Feet Fuel Expense 1115.00 Gross Income 162852.00 Gross Operating Income 158020.00 Gross Scheduled Income 162852.00 Insurance Expense 4200.00 Land Lease YN No Laundry YN Yes Maintenance Expense 8400.00 Net Operating Income 103320.00 New Taxes Expense 28340.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 0 Number Of Units Leased 12 Operating Expense 54700.00 Other Expense 9300.00 Other Expense Description Other Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Actual Rent 13421.00 Total Expenses 54700.00 Trash Expense 1115.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 1115.00 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T00:31:37.313. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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