1876 Henderson Avenue, Long Beach, CA 90806
Local realty services provided by:ERA Excel Realty
1876 Henderson Avenue,Long Beach, CA 90806
$1,600,000
- - Beds
- - Baths
- 4,877 sq. ft.
- Multi-family
- Active
Listed by: juan huizar
Office: sage real estate group, inc.562-400-7622
MLS#:PW26122313
Source:CRMLS
Price summary
- Price:$1,600,000
- Price per sq. ft.:$328.07
About this home
Well-Maintained 7-Unit Apartment Investment with Strong Cash Flow.
Exceptional opportunity to acquire a well-maintained 7-unit apartment property located in Long Beach's desirable South Wrigley neighborhood. Situated on a 7,500 square foot lot with approximately 4,919 square feet of improvements, this income-producing asset offers strong in-place cash flow, recent capital improvements, and immediate upside potential.
The property consists of two upstairs 1-bedroom/1-bath units, four downstairs 1-bedroom/1-bath units, and one spacious downstairs 2-bedroom/1-bath unit. One upstairs unit is currently vacant and has been updated with new luxury vinyl plank flooring and refreshed interior finishes, providing immediate rental upside for a new owner. Seller believes a second unit may also be delivered vacant at closing, creating additional flexibility for lease-up or renovation strategies.
Several units are currently being utilized with additional rooms beyond their original layouts. Four of the downstairs 1-bedroom units are being used as 2-bedroom units, while the larger downstairs unit is currently utilized as a 3-bedroom unit.
Ownership has completed numerous capital improvements, including electrical service upgrades in 2025, copper repiping of the upstairs units, replacement of gas lines, installation of a copper main water supply line, and ongoing roof maintenance. Each unit is individually metered for gas and electricity, helping reduce owner-paid utility expenses and improve operating efficiency.
The property currently generates approximately $13,075 per month in gross rental income and is offered at an attractive 6.4% cap rate and 10.20 gross rent multiplier (GRM) based on current operations. Investors may benefit from favorable financing options, with the property potentially qualifying for financing with approximately 25% down.
Additional amenities include four garages, on-site parking, and a desirable courtyard-style layout that enhances tenant appeal. Conveniently located near Pacific Coast Highway, Downtown Long Beach, public transportation, shopping, dining, and major employment centers, this property is well-positioned to benefit from continued rental demand and long-term appreciation.
This is a rare opportunity to acquire a stabilized multifamily investment offering strong current returns, recent capital improvements, vacancy upside, and significant long-term growth potential....
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Home facts
- Year built:1956
- Listing ID #:PW26122313
- Added:1 day(s) ago
- Updated:June 10, 2026 at 04:35 AM
Rooms and interior
- Living area:4,877 sq. ft.
Heating and cooling
- Heating:Floor Furnace
Structure and exterior
- Roof:Composition
- Year built:1956
- Building area:4,877 sq. ft.
- Lot area:0.17 Acres
- Construction Materials:Stucco
- Foundation Description:Concrete Perimenter
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,600,000
- Price per sq. ft.:$328.07
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:4
- Garage:Yes
- Garage spaces:4
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