1136 Hoffman Ave

Centennial Advisers is proud to offer a twelve-unit apartment in Central Long Beach. The subject property is located at 1136 Hoffman Ave, four blocks East of Alamitos Ave. and one blocks South of Anaheim Street. This investment consists of 12 one bedrooms/ one-bathroom units. Built in 1922, this property is a single story, center courtyard style building with second story units above the rear laundry room. With approximately 4796 rentable square feet, and a lot size of 6,266 sq. ft. and individually metered for gas and electricity the property offers a desirable unit mix for working class individual. Located within close proximity to numerous restaurants and shopping corridors this property offers an investor the rare opportunity to acquire an income property in a strong rental market in the path or redevelopment and surrounded by the Federally Identified “Opportunity Zone” Census Tract. With rents below market, an investor looking to “add value” could dramatically improve their cash flow by upgrading the units, bumping rents up to market rate, and charging/ utilizing the laundry room and thus making this acquisition a valuable addition to any investor’s portfolio.This 12-unit multifamily properties, located in the highly sought-after 90814 zip code of Long Beach, present a rare opportunity to acquire a fully renovated, turnkey investment in a thriving rental market. Built in 1922 , this property has been thoughtfully upgraded in 2023 with new flooring, paint, and appliances, ensuring a contemporary living experience while preserving their classic architectural charm. The unit mix consists primarily of studios with a few one-bedroom, one-bath units, catering to the strong demand from the area’s blue-collar workforce. With historically high occupancy rates and rental growth in Long Beach, these properties provide immediate cash flow with the potential for further rent optimization. This building offer operational efficiencies and economies of scale for investors. Whether for a seasoned investor or a first-time buyer looking to expand their portfolio, this offering represents an excellent opportunity to acquire stabilized assets in a dynamic and growing market.