1876 Henderson Avenue, Long Beach, CA 90806
1876 Henderson Avenue, Long Beach, CA 90806
1876 Henderson Avenue, Long Beach, CA 90806
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Glen Henderson

Glen Henderson

+1(619) 889-7646
$1,550,000
Est. payment /mo
5 Beds
4 Baths
7,502 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID PW26122313

Bedrooms 5

Lot Size 7,502 Sqft

Property Sub-Type Res Income 2-4 Units

Property Type Res Income 2-4 Units

Property Description

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 of the upstairs has been updated with new luxury vinyl plank flooring and refreshed interior finishes. 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 qual

Location

State CA

County Los Angeles

Zoning Assessor

Direction North of PCH, between Magnolia Ave and Chestnut Ave

Interior

Heating Floor Furnace

Fireplace No

Exterior

Fence Partial

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7209028008

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MLS Router / San Diego MLS
Listed by Juan Huizar, DRE#01417642 Sage Real Estate Group, Inc. 

Nearby School & Business

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Glen Henderson

Glen Henderson

+1(619) 889-7646

Broker Associate CA BRE #01384181

Broker Associate CA BRE #01384181

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