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Multifamily

1495 Henderson Ave

1495 Henderson Ave, Long Beach, CA 90813

Listing Price: $1,050,000

Cap Rate
2.86%
Number of Units
5
GRM
18.72
Price/Unit
$210,000
Price/Gross SF
$254.11
Gross SF
4,132

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present 1495 Henderson Avenue, 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.

In summary, 1495 Henderson Avenue’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 1495 Henderson Avenue.

Investment Highlights

  • Offers One & Two-Bedroom Floor Plans
  • Gated Pedestrian Access
  • All Units Feature Security Doors
  • Four Garage Spaces Providing an Additional Revenue Stream
  • Within Walking Distance of Seaside Park
  • In Close Proximity to St. Mary Medical Center, a Top Employer in Long Beach with Over 1,500 Employees
  • Just Over 1.00 Mile from the Plethora of Retail, Dining, & Entertainment Options in Downtown Long Beach
  • Situated Near Interstate 710 & the Anaheim Street Station, Providing Residents with Convenient Access Throughout Los Angeles County

Exclusively Listed By

Financing By

Multifamily

1495 Henderson Ave

Listing Price: $1,050,000

Cap Rate
2.86%
Number of Units
5
GRM
18.72
Price/Unit
$210,000
Price/Gross SF
$254.11
Gross SF
4,132

Investment Highlights

  • Offers One & Two-Bedroom Floor Plans
  • Gated Pedestrian Access
  • All Units Feature Security Doors
  • Four Garage Spaces Providing an Additional Revenue Stream
  • Within Walking Distance of Seaside Park
  • In Close Proximity to St. Mary Medical Center, a Top Employer in Long Beach with Over 1,500 Employees
  • Just Over 1.00 Mile from the Plethora of Retail, Dining, & Entertainment Options in Downtown Long Beach
  • Situated Near Interstate 710 & the Anaheim Street Station, Providing Residents with Convenient Access Throughout Los Angeles County

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present 1495 Henderson Avenue, 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. In summary, 1495 Henderson Avenue’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 1495 Henderson Avenue.

Exclusively Listed By

Financing By

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