This 12-unit multifamily property, located in the highly sought-after 90814 zip code of Long Beach, presents a rare opportunity to acquire a fully renovated, turnkey investment in a thriving rental market. Built in 1923, the property was thoughtfully upgraded in 2023 with new flooring, paint, and appliances—ensuring a contemporary living experience while preserving its classic architectural charm.
The unit mix consists of one-bedroom, one-bath units, catering to the strong demand from the area’s blue-collar workforce. With historically high occupancy rates and consistent rental growth in Long Beach, this property provides immediate cash flow with potential for further rent optimization.
The building offers operational efficiencies and economies of scale for investors. This offering represents an excellent opportunity to acquire stabilized assets in a dynamic and growing market—ideal for a seasoned investor or a first-time buyer looking to expand their portfolio.
The unit mix consists of one-bedroom, one-bath units, catering to the strong demand from the area’s blue-collar workforce. With historically high occupancy rates and consistent rental growth in Long Beach, this property provides immediate cash flow with potential for further rent optimization.
The building offers operational efficiencies and economies of scale for investors. This offering represents an excellent opportunity to acquire stabilized assets in a dynamic and growing market—ideal for a seasoned investor or a first-time buyer looking to expand their portfolio.
Property Details
Price:
$2,875,000
MLS #:
PW25088733
Status:
Active
Baths:
0
Address:
1133 Hoffman Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
Downtown DT
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Mar 17, 2025
State:
CA
ZIP:
90813
Lot Size:
6,579 sqft / 0.15 acres (approx)
Year Built:
1923
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Double Oven, Electric Oven, Refrigerator
Cooling
Electric
Flooring
Wood
Heating
Wall Furnace
Interior Features
Ceiling Fan(s), Recessed Lighting
Exterior
Community Features
Curbs, Street Lights
Fencing
Good Condition
Foundation Details
Raised
Garage Spaces
0.00
Lot Features
11-15 Units/ Acre
Parking Spots
0.00
Pool Features
None
Roof
Flat
Security Features
Carbon Monoxide Detector(s), Card/ Code Access
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
All Utilities, Cable T V, Electricity, Telephone
Utilities
Cable Available, Phone Available, Sewer Connected
Map
Community
- Address1133 Hoffman Avenue Long Beach CA
- Area4 – Downtown Area, Alamitos Beach
- SubdivisionDowntown (DT)
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
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1133 Hoffman Avenue
Long Beach, CA
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