OFF MARKET
Listed by Anthony Walker, Buckingham Investments, Inc, (310) 982-7055 . Bought with Buckingham Investments
1024 Hoffman Ave
Long Beach, CA 90813
Hellman
17 Beds
5 Baths
3,904 sqft
- 17 Beds
- 5 Baths
- 3,904 sqft
17 Beds
5 Baths
3,904 sqft
Homes for Sale Near 1024 Hoffman Ave
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Local Information
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Description
This property is no longer available to rent or to buy. This description is from March 23, 2023
Rare opportunity to purchase a stabilized property at 13.6X gross on actuals plus a 15% upside in rents. Actual in-place cap rate of 4.6% with a super strong rate of 5.5% at market rents. 4 out of 5 units were built in the 1980’s allowing a low maintenance asset. Attractive unit mix with (2) four bedroom units and (3) three bedroom units. Two parking spaces per unit for a total of 10 spaces in an extremely parking impacted area. 4 out of 5 units extensively renovated with updated kitchens, quartz counters, vinyl plank flooring, and remodeled bathrooms. Clean, professionally managed building with no deferred maintenance. High actual income allows for great leverage.
Home Highlights
Parking
10 Carport Spaces
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
No Info
Listed
42 days ago
Home Details for 1024 Hoffman Ave
Interior Features |
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Beds & Baths Number of Bedrooms: 17Number of Bathrooms: 5 |
Appliances & Utilities Laundry: None |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Levels: Two |
Exterior Features |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Carport Spaces: 10Number of Covered Spaces: 10Has a CarportNo GarageParking Spaces: 10Parking: Carport |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
Property Information |
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Year Built Year Built: 1948 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 7267010010 |
Price & Status |
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Price List Price: $1,695,000 |
Status Change & Dates Off Market Date: Fri Oct 29 2021 |
Active Status |
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MLS Status: Closed |
Location |
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Direction & Address City: Long BeachCommunity: Alamitos Beach (AB) |
Building |
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Building Area Building Area: 3904 Square Feet |
Community |
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Community Features: UrbanNot Senior Community |
HOA |
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Association for this Listing: California Regional MLS |
Lot Information |
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Lot Area: 8398 sqft |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2.5Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Rental |
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Has Rent Control |
Miscellaneous |
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Mls Number: SB21225992 |
Additional Information |
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Urban |
Last check for updates: about 17 hours ago
Listed by Anthony Walker DRE #01908153, (310) 982-7055
Buckingham Investments, Inc
Bought with: Cody Charnell DRE #01950585, (310) 982-7055, Buckingham Investments
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SB21225992
Price History for 1024 Hoffman Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 02/08/2022 | $1,750,000 | Sold | CRMLS #SB21225992 |
| 10/29/2021 | $1,695,000 | Pending | CRMLS #SB21225992 |
| 10/12/2021 | $1,695,000 | Listed For Sale | CRMLS #SB21225992 |
| 07/13/2018 | $1,310,000 | Sold | N/A |
| 09/16/2016 | $950,000 | Sold | N/A |
| 09/29/2003 | $597,500 | Sold | N/A |
| 06/19/2001 | $448,000 | Sold | N/A |
| 10/24/2000 | $195,000 | Sold | N/A |
| 09/17/1993 | $196,000 | Sold | N/A |
Property Taxes and Assessment
| Year | 2023 |
|---|---|
| Tax | $23,331 |
| Assessment | $1,785,000 |
Home facts updated by county records
Comparable Sales for 1024 Hoffman Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.33 | Multi-Family Home | $950,000 | 11/29/23 | 12 | 4 | 3,736 | |
0.44 | Multi-Family Home | $1,278,000 | 06/21/23 | 13 | 8 | 4,066 | |
0.31 | Multi-Family Home | $1,100,889 | 09/20/23 | 8 | 4 | 2,594 | |
0.56 | Multi-Family Home | $1,670,000 | 07/05/23 | 7 | 6 | 3,544 | |
0.32 | Multi-Family Home | $2,350,000 | 12/12/23 | 17 | 17 | 7,617 | |
0.58 | Multi-Family Home | $1,235,000 | 11/07/23 | 9 | 6 | 3,270 | |
0.45 | Multi-Family Home | $1,125,000 | 03/18/24 | 8 | 8 | 3,591 | |
0.80 | Multi-Family Home | $1,290,000 | 05/19/23 | 12 | 4 | 4,266 |
Assigned Schools
These are the assigned schools for 1024 Hoffman Ave.
- Franklin Classical Middle School
- 6-8
- Public
- 1200 Students
4/10GreatSchools RatingParent Rating AverageMy daughter went to this school and I hated. Had a bad experience as a parent NOW my youngest daughter was sent to this school. What is the point of making us select a school if they are getting sent to their home school.Parent Review6y ago - Lincoln Elementary School
- K-5
- Public
- 921 Students
6/10GreatSchools RatingParent Rating AverageI've been a substitute at this school for at least four years. I live in the neighborhood. The teachers are amazing and collaborative. The office staff is great. This school really is a family and they truly care about their students. I am currently working as a long term substitute between this school and another school and despite not having technology integrated into the buildings (they have Chromebooks and have been teaching the students with Google Classroom but the buildings themselves have yet to be updated), Lincoln approached distance learning effectively. This is a school where teachers are encouraged to be learners and to collaborate and build each others' strengths.Other Review4y ago - Polytechnic High School
- 9-12
- Public
- 4002 Students
6/10GreatSchools RatingParent Rating AverageLong Beach School District: REMOVE THE MASK MANDATE NOW! You went from promising these kids "two weeks to slow the spread" to nearly TWO YEARS of these mandates. It is time to give our students back their FREEDOM!Parent Review2y ago 
Check out schools near 1024 Hoffman Ave.
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Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Hellman
- Trulia User
- Prev. Resident
- 1y ago
"Not many events. You just have to be careful with your surroundings at all times but there’s always good people."
- Lindali A.
- Resident
- 3y ago
"The neighbors are very vigilant. In the middle of downtown LB, Bixby knolls and Belmont shore. Many restaurant and bar choices that are walking distance. "
- Pbrookemummau
- Resident
- 4y ago
"A lot of loud yippee dogs left in front yards all the time, bark constantly. Dogs who walk by often get barked at."
- Jameiserena
- Resident
- 5y ago
"My commute is fine. I only stay fifteen minutes away from my job. My kids go to school 3 mins from our apartment and the oldest school is 3 minutes from my job"
- Theoleo5622
- Prev. Resident
- 5y ago
"friendly neighborhood, great opportunity raise your family, a lot of activities, shopping center, long beach queens marry, aquarium, shoreline, beaches and many more... "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Homes for Rent Near 1024 Hoffman Ave
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Off Market Homes Near 1024 Hoffman Ave
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SOLDAPR 18, 2024Lissa Lebel DRE # 02032063, Sotheby's International Realty- SOLDAPR 16, 2024Holly Kovich and Associates
See more homes for sale inLong BeachTake a look
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1024 Hoffman Ave, Long Beach, CA 90813 is a 17 bedroom, 5 bathroom, 3,904 sqft multi-family built in 1948. 1024 Hoffman Ave is located in Hellman, Long Beach. This property is not currently available for sale. 1024 Hoffman Ave was last sold on Feb 8, 2022 for $1,750,000 (3% higher than the asking price of $1,695,000). The current Trulia Estimate for 1024 Hoffman Ave is $1,878,700.