1056 Hoffman, Long Beach, California 90813, Long Beach, 90813 - 6 bed, 6 bath
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Long Beach, California 90813
This newly constructed quadplex represents a Strong Value Opportunity, listed at $1,700,000—positioned above the $1,588,754 Fair Market Value. While priced at a premium, this 2026 construction offers a Condition Rating of 2, ensuring zero deferred maintenance and immediate cash flow potential. Featuring designer-level finishes, separate meters, and five detached parking spaces, this asset is optimized for high-demand rental performance. Located within the Long Beach Unified district, this property is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange buyers seeking a turn-key, low-maintenance income stream.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1056 Hoffman Subject | $1,700,000* List Price | 6 | 6 | 2,560 | $621 | - |
A 943 N Washington Place 4 Active | $1,500,000 List Price | 0 | 0 | 2,889 | $519 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Brand new 2026 construction with zero deferred maintenance. Features modern designer finishes including grey shaker cabinets, granite countertops, stainless steel appliances, and LVP flooring. Systems are new, including wall-mounted mini-split HVAC units and separate metering.
As a 2026 build, this property offers zero deferred maintenance and modern designer finishes, providing a turn-key investment with significant long-term savings on capital expenditures.
With projected gross rents reaching up to $8,700 per month and separate utility meters, this quadruplex is positioned for high yield in a high-demand rental corridor.
The inclusion of five detached parking spaces is a major competitive advantage in the dense Long Beach market, significantly increasing tenant desirability and retention.
At $664 per square foot, the property is priced at a significant premium compared to existing multi-family inventory in the 90813 zip code, which may impact initial cap rates.
The property lacks any significant views, which may limit its appeal to high-end tenants who prioritize the coastal lifestyle typically associated with the Alamitos Beach area.
Introducing | 1056 Hoffman Ave, Long Beach Four Newly finished units, great for multi-gen living — just turn-key cash flow in Alamitos Beach. This newly constructed quad features two 2-bed/2-bath units and two 1-bed/1-bath units, all delivered with the same designer-level finishes: grey shaker cabinets, black granite counters, stainless appliances, and LVP flooring throughout. Five detached parking spaces, separate meters, and proforma rents of $8,900–9,900/month make this a rare plug-and-play opportunity in one of Long Beach's most in-demand rental corridors. 1031 exchange ready. Priced at $664/SF for brand new construction — bring your investors.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 0.0 | 95% |
| Baths | 6.0 | 0.0 | 95% |
| Square foot | 2,560 | 2,552 | 50% |
| Lot Size | 6,975 | 5,890.5 | 73% |
| Price | $1.70M | $977.5K | 95% |
| Price per sq ft | $664 | $381 | 91% |
| Built year | 2026 | 1922 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 182 | 5% |
May 23, 2026
$1,700,000
Initial Listing
May 7, 2025
$549,000
Public Record
May 2, 2025
$500,000
Public Record
Feb 23, 1994
$50,000
Public Record