New Pending
$1,800,000

1211 Hoffman Avenue
Long Beach, CA 90813

Apartment
Residence
6,993
Sqft
0.15
Lot Size
1of
Photos
Map
Courtesy: Paul Conti CalDRE: 01007130 - Harcourts Prime Properties, 714-418-3427
Live Auction! Bidding to start from $1,800,000! All income numbers stated here are actual, NOT pro forma. The 4.42 cap rate stated here is based on a possible sales price of $2,300,000, using the actual income and expense numbers stated here, which include estimated property taxes based off a possible sales price of $2,300,000. This excellent investment opportunity includes a building with an open central courtyard and community laundry units. Laundry income is stated here. This investment consists of SIX 2-bedroom, 1-bath units, FIVE 3-bedroom, 1-bath units, and ONE 4-bedroom, 1.5-bath unit. Seller has approved ADU plans to divide this 4-bedroom unit into a 3bdrm, 1bath & 2bdrm, 1bath unit, for a total of 13 units in this building. All units are fully rented with mostly long-term tenants and there are very rarely any vacancies. There is definite upside opportunity in the rental income, check out the current rent roll information. This is a terrific investment opportunity!
PW23006801
Apartment, 2 Story
Los Angeles
1923
0.15 Acres
Public
2
Sewer Tap Paid
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