$1,600,000
1876 Henderson Avenue, Long Beach CA 90806
Multi-Family (7 Units)
Property type
7 days
On market
$328
Price per sqft
4 cars
Garage
1956
Year built
7,502 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Juan Huizar DRE #01417642, Sage Real Estate Group, Inc.
Listing updated: Jun 9, 2026 at 11:28pm.
Last checked: Jun 14, 2026 at 07:00pm
Source: CRMLS #PW26122313
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $2,525 | $2,525 | $2,800 | Unfurnished |
| 1 | 1 | 1 | — | $1,700 | $1,700 | $1,750 | Unfurnished |
| 1 | 1 | 1 | — | $1,675 | $1,675 | $1,750 | Unfurnished |
| 1 | 1 | 1 | — | $1,700 | $1,700 | $1,750 | Unfurnished |
| 1 | 1 | 1 | — | $1,650 | $1,650 | $1,750 | Unfurnished |
| 1 | 1 | 1 | — | $1,650 | $1,650 | $1,750 | Unfurnished |
| 1 | 1 | 1 | — | $1,650 | $1,650 | $1,750 | Unfurnished |
# of Buildings: 1
# of Units Total: 7
Separate Electric Meters: 7
Separate Gas Meters: 7
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 7
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
10.6x
List Price / Annual Gross Rent
Cap Rate
6.4%
NOI / List Price
Gross Scheduled Income: $151,500
Operating Expense: $46,936
Net Operating Income: $102,389
Annual Operating Expenses
Electric: $1,000
Insurance: $7,000
Licenses: $500
Maintenance: $5,250
New Taxes: $20,000
Pest Control: $720
Professional Management: $7,466
Trash: $2,000
Water / Sewer: $1,250
Interior
Cooling: None
Heating: Floor Furnace
Appliances: Dryer, Washer
Fireplace: None
Laundry: Common Area, Dryer Included, Washer Included
Accessibility: None
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Roof: Composition
Foundation: Concrete Perimeter
Window Features: Wood Frames
Construction Materials: Stucco
Common Walls: No Common Walls
Lot Features: Zero To One Unit Acre
Pool: None
Spa: None
Fencing: Good Condition, Partial, Wrought Iron
Water Source: Public
Sewer: Public Sewer
Electric: Electricity On Property
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: None
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Garage Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7209028008
Additional Parcels: No
Tax Lot: 5
Tax Block: B
Subdivision: Wrigley Area (WR)
Community
Senior Community: No
Community Features: Curbs