Active

1876 Henderson Avenue

Long Beach, CA 90806
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt4,877

Sqft

SqFt7,502

Sqft(Lot)

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 b e 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.

Read More Expand

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,600,000

AD Id : 81922979

MLS Id : PW26122313

Lot Size : 7,502 Sqft

Living Area Size : 4,877

Year Built : 1956

Garage : 4

County : Los Angeles

Subdivision: Fallbrook

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Interior Features

    Roof: Composition
    Appliances: Dryer, Washer
    Laundry Features: Common Area
    Window Features: Wood Frames
  • Heating & Cooling

    Has Heating: Yes Heating: Floor Furnace Cooling: None

  • Building Information

    Year Built: 1956
    Building Area Total: 4877
    Construction Materials: Stucco
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 7502 Lot Size Acres: 0.1722 Lot Size Source: Assessor Lot Size Square Feet: 7,502 Lot Description: 0-1 Unit/Acre

    Property Information

    Subdivision: Wrigley Area (WR) Source Property Type: Residential Income Property SubType: Apartment Levels: Two Property Age: 70

  • Listing Price Information

    Listing Price: $1600000
    Cash to New Loan

  • Tax Information

    Parcel Number: 7209028008 Tax Lot: 5 Tax Block: B

  • Parking Information

    Parking Total: 4

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Utility Information

    Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Location Information

    Direction: North of PCH, between Magnolia Ave and Chestnut Ave WaterSource: Public
Sell a home like this and save $95,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
910 E 19th Street, Long Beach, CA, 90806 $754,000 4 3 1,492 1,492 SqFt
2002 Lime Avenue, Long Beach, CA, 90806 $749,000 3 2 1,284 1,284 SqFt
3037 Pacific Avenue, Long Beach, CA, 90806 $900,000 3 2 980 980 SqFt
3250 Chestnut, Long Beach, CA, 90806 $1,050,000 4 2 1,686 1,686 SqFt
2337 Long Beach, Long Beach, CA, 90806 $1,285,000 -- 6 --
3133 Cedar Avenue, Long Beach, CA, 90806 $1,029,999 3 2 1,417 1,417 SqFt
2320 Locust, Long Beach, CA, 90806 $485,000 2 1 680 680 SqFt
201 E Eagle Street, Long Beach, CA, 90806 $879,000 5 -- 1,914 1,914 SqFt
2246 Locust, Long Beach, CA, 90806 $599,900 2 1 1,066 1,066 SqFt
3090 Eucalyptus Avenue, Long Beach, CA, 90806 $965,000 2 2 1,384 1,384 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/28/2026 @ 08:51

MLS: PW26122313 LISTED BY: Juan Huizar, Sage Real Estate Group, Inc. 562-400-7622 SOURCE: CRMLS

Homes around $1,600,000

Selling? Save $95,501 when you sell a home like this

Tour with a ByOwner Agent