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1021 Hoffman Avenue, Long Beach, CA 90813


  • Sold
  • Closed
  • Multi-Family
1021 Hoffman Avenue, Long Beach, CA 90813View this property at 1021 Hoffman Avenue, Long Beach, CA 90813
1021 Hoffman AvenueLong BeachCA90813

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Property Description

1021 Hoffman Ave, a two story four-unit apartment building located minutes from Downtown Long Beach. This investment presents a stable, low expense opportunity with a 5.16% Cap Rate and 8.75% total return on current income. The unit mix consists of (4) two bedroom and one bath units totaling 3,504 square feet, built on a 7,731 square foot lot. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is a rare opportunity to acquire in a prime
location with true rental upside and stable return.

Full Property Detailsfor 1021 Hoffman Avenue


  • Sold For: $750,000
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: OC17008623
  • Added: 498 day(s) ago

Additional Information

  • Pool Description: None


  • Garage Spaces: 4


  • Area: 4 - Downtown Area, Alamitos Beach
  • County: Los Angeles
  • Development Name: 4 - Downtown Area, Alamitos Beach
  • Driving Directions: Please do not distub tenants. Make offers subject to inspection.


  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 4
  • # Electric Meters: 4

Structural Information

  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 3,504
  • Year Built: 1923

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size Source: Assessor
  • Zoning: LBR2N
  • Lot Description: Near Public Transit

Financial Considerations

  • Price Per Sq. Ft.: $214.04

Listed by Marcus & Millichap RE Invest, Greg Bassirpou

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Schoolsserving 1021 Hoffman Avenue

School District:Long Beach Unified School District
School Name
Lincoln Elementary School, Long Beach, CA
1175 East 11th St, Long Beach, CA 90813
0.2 mi
Franklin Classical Middle School
540 Cerritos Ave, Long Beach, CA 90802
0.5 mi
Polytechnic High School
1600 Atlantic Ave, Long Beach, CA 90813
0.8 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 1021 Hoffman Avenue

Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Community Info

Community Infofor 1021 Hoffman Avenue

Listed by Marcus & Millichap RE Invest, Greg Bassirpou

1021 Hoffman Avenue, Long Beach, CA 90813 (MLS# OC17008623) is a Multi-Family property that was sold at $750,000 on June 08, 2017. Want to learn more about 1021 Hoffman Avenue? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.