Seller's Agent in 2024
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
3 in this area
156 Total Sales
1495 Henderson Ave Long Beach, CA 90813
Washington School Neighborhood
3
Beds
2
Baths
4,132
Sq Ft
4,356
Sq Ft Lot
Highlights
- No HOA
- Level Lot
- 5-minute walk to 14th Street Park
About This Home
As of March 20241495 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.
Last Agent to Sell the Property
Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 01/18/2024
Property Details
Home Type
- Apartment
Year Built
- Built in 1925
Lot Details
- 4,356 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,132 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Legal Lot and Block 10 / A
- Tax Tract Number 7518
- Assessor Parcel Number 7269040009
- $950 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
Building Details
- 5 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $401
- Fuel Expense $401
- Insurance Expense $2,311
- Other Expense $7,400
- Trash Expense $401
- Water Sewer Expense $402
- New Taxes Expense $13,065
- Operating Expense $24,381
- Gross Income $56,100
- Net Operating Income $30,036
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/25/2024 03/25/24 | Sold | $1,050,000 | 0.0% | $254 / Sq Ft |
| 02/07/2024 02/07/24 | Pending | -- | -- | -- |
| 01/18/2024 01/18/24 | For Sale | $1,050,000 | -- | $254 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,466 | $1,071,000 | $357,000 | $714,000 |
| 2024 | $13,466 | $1,004,000 | $422,000 | $582,000 |
| 2023 | $2,116 | $90,655 | $37,194 | $53,461 |
| 2022 | $2,013 | $88,878 | $36,465 | $52,413 |
| 2021 | $1,935 | $87,136 | $35,750 | $51,386 |
| 2020 | $1,929 | $86,744 | $35,384 | $51,360 |
| 2019 | $1,907 | $85,054 | $34,691 | $50,363 |
| 2018 | $1,821 | $83,397 | $34,011 | $49,386 |
| 2016 | $1,661 | $79,681 | $32,692 | $46,989 |
| 2015 | $1,614 | $78,485 | $32,201 | $46,284 |
| 2014 | $1,634 | $76,949 | $31,571 | $45,378 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
-
NoEmail NoEmail
N
Buyer's Agent in 2024
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
6,285 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24011071
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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