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Closed
- Listed price
- $1,800,000
- Listed Jan 10, 2023
- Sold price
- $2,200,000
- Sold May 11, 2023
6,534 sqft lot|1923 Built|0 MLS days on market
1211 Hoffman Ave, Long Beach, CA 90813
Property Description
Live Auction! Bidding to start from $1,800,000! All income numbers stated here are actual, NOT pro forma. The 4.42 cap rate stated here is based on a possible sales price of $2,300,000, using the actual income and expense numbers stated here, which include estimated property taxes based off a possible sales price of $2,300,000. This excellent investment opportunity includes a building with an open central courtyard and community laundry units. Laundry income is stated here. This investment consists of SIX 2-bedroom, 1-bath units, FIVE 3-bedroom, 1-bath units, and ONE 4-bedroom, 1.5-bath unit. Seller has approved ADU plans to divide this 4-bedroom unit into a 3bdrm, 1bath & 2bdrm, 1bath unit, for a total of 13 units in this building. All units are fully rented with mostly long-term tenants and there are very rarely any vacancies. There is definite upside opportunity in the rental income, check out the current rent roll information. This is a terrific investment opportunity!
Listing agent: Paul ContiDRE #01007130paul@ContiRealEstate.com, Listing office: Harcourts Prime Properties
MLS data updated 10/24/2026, 4:08:54 PM PT
Source: CRMLSMLS #: PW23006801
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,200,000
May 11, 2023
Available records22023
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,200,000Closed sale · May 11, 2023ZIP 90813 · May 2023
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 2 price recordsJan 10, 2023 – May 11, 2023
ZIP 90813 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (1)
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.