Long Beach, CA 90813,1495 Henderson AVE
Long Beach, CA 90813,1495 Henderson AVE
Long Beach, CA 90813,1495 Henderson AVE
$1,050,000
Est. payment /mo
$1,050,000
Est.Price: ?

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4,356 Sqft Lot
SOLD DATE : 03/25/2024

Key Details

Sold Price $1,050,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC24011071

Sold Date 03/25/24

HOA Y/N No

Year Built 1925

Lot Size 4,356 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LBR4N

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7269040009

Energy Description 401.0

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Tyler Leeson • Marcus & Millichap RE Invest • 714-713-9086
Bought with General NONMEMBER • NONMEMBER MRML

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Adrian Castillo

+1(209) 380-7597

Principal/Realtor | CA DRE#01308935

Principal/Realtor CA DRE#01308935

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