Description
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.
Property Type
Residential IncomeCounty
Los AngelesStyle
CottageAD ID
49469204
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Roof : Flat
- Interior Features: Ceiling Fan(s),Recessed Lighting
- Property Appliances: Double Oven,Electric Oven,Refrigerator
- Flooring: Wood
Cooling Features
- Electric
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1923
- Building Area Total: 3,926
- Construction: Drywall,Stucco
- Roof: Flat
Foundation
- Raised
Security Features
- Carbon Monoxide Detector(s),Key Card Entry
Pool Features
- None
Laundry Features
- Common Area
Fencing
- Good Condition
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.151
- Lot Size Source: Assessor
- Lot Size Square Feet: 6579
-
Listing Information
Listing Price Information
- Original List Price: 2,875,000
- Listing Contract Date: 2025-03-17
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 7267002008
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: All Utilities,Cable TV,Electricity,Telephone
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 4 - Downtown Area, Alamitos Beach
- Directions: From Downtown Long Beach, continue East on Anaheim Road take a right on Hoffman Ave. Property is on the right.
- Zoning: LBR2N
- Source Property Type: Residential Income
- Area: 4 - Downtown Area, Alamitos Beach
- Property SubType: Mixed Use
Building and Construction
- Property Age: 102
- Common Walls: 1 Common Wall
- Structure Type: Mixed Use
- Year Built Source: Public Records
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 04/25/2025 @ 02:38
- MLS: PW25088733
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 3,926 sqft, 6,579 sized lot, and 0 parking. are nearby neighborhoods.