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1495 Henderson Avenue
Long Beach, CA 90813
Sold
1495 Henderson Avenue
Long Beach, CA 90813
Sold
1495 Henderson Avenue is a 5-unit multifamily investment opportunity located in Long Beach, CA. 1495 Henderson Avenue offers a mix of one and two-bedroom floor plans with amenities including security doors, gated pedestrian access, and four garage spaces. The property represents a unique value-add opportunity with ample upside. Long Beach’s continued strong rental metrics, including a 2022 vacancy rate of just 4 percent and year-over-year rent growth of 8.5 percent, provide a new owner with the opportunity to take advantage of the substantial demand for rental units in the area. With current rents well below market rates, new ownership could complete a comprehensive renovation of the units, allowing them to achieve significant rental premiums compared to non-renovated units. 1495 Henderson Avenue benefits from its excellent location, just North of Downtown Long Beach, providing residents with convenient access to an abundance of retail, dining, and entertainment options, as well as employers. Additionally, the property’s close proximity to Interstate 710 provides convenient access to the Port of Long Beach and the Port of Los Angeles, two of the busiest ports in the world and a major employment hub for the region. Furthermore, 1495 Henderson Avenue is within close proximity of all three levels of education.
PROPERTY INFORMATION
| MLS # | OC24011071 | Lot Size | 4,356 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,050,000
Price Per SqFt: $ 254 |
DOM | 475 Days |
| Address | 1495 Henderson Avenue | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 4,132 Sq. Ft. |
| Postal Code | 90813 | Garage | 4 |
| County | Los Angeles | Year Built | 1925 |
| Bed / Bath | 3 / 0 | Parking | 4 |
| Built In | 1925 | Status | Closed |
| Sold Date | 2024-03-25 |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
| EntryLocation | First Floor |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,120
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 03/25/2024 | Sold | $1,050,000 |
| 02/08/2024 | Pending | $1,050,000 |
| 01/18/2024 | Listed | $1,050,000 |
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Listing provided courtesy of Tyler Leeson, Marcus & Millichap RE Invest. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
