Skyline Commercial Advisors is pleased to present the opportunity to acquire The Hoffman Apartments, 24 total units comprised of two 12 unit buildings (1133-1136Hoffman Ave) directly across from each other located in Long Beach, CA. The properties offer (24) 1 bedroom units, majority single story, producing excellent income. Community amenities include on-site laundry for tenants as well as a center courtyard. These buildings have been extensively renovated both on the exterior and interior of the units, including a new roof, electrical systems, flooring, and cabinets. The Hoffman Apartments provides an investor the opportunity to acquire an income producing asset with established rents at current market rates.
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The average household income in
Long Beach, CA
grew
from
$60,557
to
$61,610
in the past year. This data is an estimate based upon
173,432
households in
Long Beach, CA. The chart below presents how household income is distributed in
Long Beach, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Long Beach, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
Long Beach, CA
equals
$3k+
, which is
more
than the national average.