1876 Henderson Avenue, Long Beach, CA 90806
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
1876 Henderson Avenue,Long Beach, CA 90806
$1,600,000
- 5 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: juan huizar
Office: sage real estate group, inc.
MLS#:PW26122313
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,600,000
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 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...
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Home facts
- Subdivision & Development:Wrigley Area (WR)
- Listing ID #:PW26122313
- Added:91 day(s) ago
- Updated:September 08, 2026 at 02:31 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
Heating and cooling
- Heating:Floor Furnace
Structure and exterior
- Roof:Composition
- Construction Materials:Stucco
- Levels:2 Story
Finances and disclosures
- Price:$1,600,000
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