1073-1075 Hoffman Ave
1073-1075 Hoffman Ave, Long Beach, CA 90813
Marketing description
Charming 1924 multifamily offering at 1073-1075 Hoffman Avenue presents 3,462 square feet of classic residential architecture with updated finishes. Composed of thoughtfully maintained units, the building showcases enduring character while accommodating contemporary tenant expectations. Tenants benefit from ample natural light, traditional hardwood floors, and solid masonry construction that provides lasting value. Well-proportioned layouts allow for stable rental income and future upside through modest renovations. This investment presents a blend of historic charm and resilient building fundamentals, appealing to disciplined investors seeking a compact yet efficient multifamily asset in central Long Beach.
Multifamily investment located on Hoffman Avenue in central Long Beach, minutes from Spring Street and local amenities.
Investment highlights
- 3462 square feet of established multifamily living space
- Constructed in 1924 with enduring masonry craftsmanship
- Solid rental history supported by well-maintained interiors
- Traditional hardwood flooring throughout primary living areas
- Large windows deliver abundant natural light to each unit
- Compact footprint ideal for efficient property management
- Multiple entrances provide resident privacy and convenience
- Low-maintenance exterior envelope with classic architectural details
- Sturdy roofing and foundational systems supporting longevity
- Ready for value-add opportunities through unit upgrades
- Proven demand for historic-style residences in this fabric
- Long Beach multifamily investment opportunity
- 4 units with 5th legal non-conforming unit
- Approximately 3,462 SF building on ±6,959 SF lot
- Built in 1924
- Strong current income with upside through market rent adjustment
- Current scheduled gross income of ±$130,260
- Market scheduled gross income of ±$156,600
- Current NOI of +$79,520
- Market NOI of ±$105,070
- Current cap rate of 5.13%
- Market cap rate of 6.78%
- Current GRM of 11.90
- Market GRM of 9.90
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
