1478 Henderson Avenue

    Long Beach, CA 90813
    • $1,300,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: 18310988
    $1,300,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,596
      SQFT
    • $283
      $/SQFT
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    1478-84 Henderson Avenue presents an opportunity for a purchaser to follow the lead of the current ownership and capture future rent upside in the popular Washington neighborhood. In the last year, a reposition strategy has been implemented based on unit improvements and curb appeal enhancements. A new investor can follow this same strategy to continue adding value, raise revenue and improve operating efficiency.6 Units Across 2 Buildings - Built In 1925 - 4,596 Gross Square Feet - One 3 Bedroom + 1 Bathroom Unit, Two 2 Bedroom + 1 Bathroom Unit, One 1 Bedroom + 1 Bathroom Units, Two Singles - Five Garage Spaces - 10% Rent Upside Potential After Filling Vacancy - Average Unit Size of 766 Sq Ft Each - Individually Metered For Electric & Gas - 0.11 Acre Lot - LBR4N Zoning

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T00:28:07.193. 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.
    www.themarellygroup.com/homes/80586323

    1478 Henderson Avenue Long Beach, CA 90813

    • Price: $1,300,000
    • Status: Active
    • ID#: 18310988
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,596
    SQFT
    $283
    $/SQFT
    1925
    Built
    Neighborhood:
    4 - Downtown Area, Alamitos Beach
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    1478-84 Henderson Avenue presents an opportunity for a purchaser to follow the lead of the current ownership and capture future rent upside in the popular Washington neighborhood. In the last year, a reposition strategy has been implemented based on unit improvements and curb appeal enhancements. A new investor can follow this same strategy to continue adding value, raise revenue and improve operating efficiency.6 Units Across 2 Buildings - Built In 1925 - 4,596 Gross Square Feet - One 3 Bedroom + 1 Bathroom Unit, Two 2 Bedroom + 1 Bathroom Unit, One 1 Bedroom + 1 Bathroom Units, Two Singles - Five Garage Spaces - 10% Rent Upside Potential After Filling Vacancy - Average Unit Size of 766 Sq Ft Each - Individually Metered For Electric & Gas - 0.11 Acre Lot - LBR4N Zoning
    Exterior Features

    Garage Spaces 5.00 Lot Size Units Square Feet Parking Total 5.00

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.68 Gross Multiplier 14.17 Gross Operating Income 88620.00 Improvements Amount 719100 Land Value 255000 Laundry YN Yes Net Operating Income 60848.00 Special Listing Conditions Standard Total Expenses 28234.00 Zoning Lbr4n

    Listing provided courtesy of David Harrington of Matthews Retail Group, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T00:28:07.193. 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.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003