1080 HOFFMAN Avenue, Long Beach, CA 90813

$2,000,000
5,784
SqFt
List Price
$2,000,000
Status
ACTIVE
MLS#
19509100
Year Built
1956
Living Sq. Ft
5,784
Lot Size
6,977
Acres
0.1602
Days on Market
10
Property Type
Multifamily

Property Description

Power Brokers International is proud to present this well maintained, gated, 9 unit apartment building with excellent cash flow, located at 1080 Hoffman Avenue in Long Beach, CA. 100% Occupancy, all 1 bdrm, 1 bath units, w/copper plumbing, tiled floors throughout, upgraded electrical, separately metered for gas/electric, new paint, gutters, with 6 parking spots, (3 garages & 3 spaces), and/or storage. As well, as a laundry room, currently not in use. Monthly Rental income is: $11,605 + $450 Parking Income = Total Monthly Income of $12,055, w/upside of $25 for each parking space and garage. Close to restaurants, coffee shops, walking distance to schools, libraries and parks. Minutes away from major freeways for quick access to LA and Orange County. This property gives investors an opportunity to acquire a building with add value in a growing, progressive area of downtown Long Beach, adjacent to the highly desirable rental sub-market of Cambodia Town. Sold as is.

Additional Information

Appliances
Disposal
Garage Spaces Total
3
Total Number of Units
9

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Marilee Haley from Power Brokers International

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.