Welcome to 1033 Hoffman! This investment property is very well maintained and operates smoothly month-in and out. It has a great mix of units with (1) 3/2, (1) 3/1, (5) 2/1, and (6) 1/1. Finding good tenants for this property is not an issue due to its beautiful curb appeal, many of the units are upgraded and remodeled, and the location is hard to beat. Located less than 1.5 miles to the ocean gives you wonderful breezes for the tenants to enjoy. The property has received over $200,000.00 in upgrades and remodeling over the last six years, including double-paned vinyl windows throughout, kitchen and bathroom remodels in quite a few of the units, and laminate or vinyl plank flooring in a majority of them. The current ownership maintains the property incredibly well, and it shows when you visit the building. Priced at an attractive GRM of 10.96 at market rents and even a 12.77 GRM at current rents, this investment is a great value. Units are individually metered for gas and electricity further increasing the opportunity for cash-flow to the investor. If you’re looking for a solid investment well-located in a thriving coastal city, look no further!
|
DAYS ON MARKET
|
52
|
LAST UPDATED
|
8/9/2021
|
|
TRACT
|
Other (OTHR)
|
YEAR BUILT
|
1923
|
|
COMMUNITY
|
Poly High
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Sold
|
PROPERTY TYPE(S)
|
Residential Income
|
| AREA |
Poly High |
| LOT |
7841 sq ft |
| LOT DESCRIPTION |
Landscaped |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Other (OTHR) |
| WATER |
Public |
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Listed with Beach Cities Management, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/20/24 4:58 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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