1924 Masonry Duplex
1073-1075 Hoffman Ave Long Beach, CA 90813
1073-1075 Hoffman Ave, Long Beach, CA, 90813
$1,550,000
For Sale
$1,550,000
Built in 1924 with masonry construction, this duplex offers updated interiors, hardwood flooring, and ample natural light.
Property Size3,462 SF
Price / SF$447.72
Days on Market8
Property Features for 1073-1075 Hoffman Ave
General Information
- Standard status
- Active
- Size
- 3,462 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1924
Listing Agency
(310) 408-4364
Listed by
Joseph Linkogle · License #CalDRE #01212631
Source
Lee-associates
Added: Jul 11 Checked: Jul 17 at 4:48 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Joseph Linkogle
Investment Insights
Based on property information with market context.
This 1924-era multifamily property at 1073–1075 Hoffman Avenue offers classic residential character paired with updated finishes. The building features enduring masonry craftsmanship and is described as having well-maintained interiors. Inside, tenants benefit from traditional hardwood flooring and large windows that provide abundant natural light. The layout is presented as well-proportioned for rental stability, with multiple entrances supporting resident privacy and convenience.
With 3,462 square feet of established multifamily living space, the property is positioned as a compact footprint designed for efficient day-to-day management. The exterior is described as low-maintenance, with a sturdy roofing and foundational systems supporting long-term durability.
The offering notes potential for value creation through modest renovation and unit upgrades, making it well-suited for buyers seeking a manageable multifamily asset with historic-style building fundamentals.
With 3,462 square feet of established multifamily living space, the property is positioned as a compact footprint designed for efficient day-to-day management. The exterior is described as low-maintenance, with a sturdy roofing and foundational systems supporting long-term durability.
The offering notes potential for value creation through modest renovation and unit upgrades, making it well-suited for buyers seeking a manageable multifamily asset with historic-style building fundamentals.
Key Highlights
- Built in 1924 with masonry construction and 3,462 SF of established multifamily living space
- Traditional hardwood floors throughout the primary living areas
- Large windows provide abundant natural light in each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.4k | $34.20 |
| − Vacancy | −$4.7k | −$1.36 |
| EGI | $113.7k | $32.84 |
| − OpEx | −$34.1k | −$9.85 |
| NOI | $79.6k | $22.98 |
3,462 SF · lease $34.20/SF/yr · vacancy 3.99% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$994.7K – $1.33M
NOI $79,573 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$1.05M
$916.6K – $1.22M
NOI $73,330 @ 7.0% cap · market cap 4.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Built in 1924 with masonry construction, this duplex offers updated interiors, hardwood flooring, and ample natural light.
Where is this duplex located?
The property is located at 1073-1075 Hoffman Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Built in 1924 with masonry construction and 3,462 SF of established multifamily living space; Traditional hardwood floors throughout the primary living areas; Large windows provide abundant natural light in each unit
