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1495 Henderson Ave, Long Beach, CA 90813
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1495 Henderson Ave Long Beach, CA 90813

$1,050,000 Sold Price as of 03/25/2024
  • 6 Beds
  • 5 Baths
  • 4,132 Sq.Ft.
Sold
$1,050,000 Sold Price as of 03/25/2024 Refinance Your Mortgage
Map preview of 1495 Henderson Ave, Long Beach, CA 90813

Property Overview: 1495 Henderson Ave Long Beach, CA has 6 bedrooms, 5 bathrooms, 4,132 living square feet and 4,356 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 1 minute ago | Last updated: March 25th, 2024 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
4,356
HOA Dues
$0/mo
Year built
1925
Garage
4 Car
Property Type:
Apartment
Status
Sold
MLS#
OC24011071
City
Long Beach
County
Los Angeles
Time on Site
245 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,850
  • Total Rent: $3,850
  • Pro Forma/Market Rent: $7,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $825
  • Total Rent: $825
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $56,100
  • Net Operating Income: $30,036
  • Gross Operating Income: $54,417
  • Vacancy Allowance: $1,683
Annual Expense Breakdown
  • Total Operating Expense: $24,381
  • Electric: $401
  • Gas/Fuel: $401
  • New Taxes: $13,065
  • Trash: $401
  • Insurance: $2,311
  • Professional Management: $0
  • Water/Sewer: $402
  • Other Expenses: $7,400
  • Other Expense Description: Misc

Property Details for 1495 Henderson Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 7269040009
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets of Henderson Avenue & West 15th Street
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1495 Henderson Ave

Last sold for $1,050,000 on March 25th, 2024

  • March, 2024

  • Mar 25, 2024

    Date

    Sold

    CRMLS: OC24011071

    $1,050,000

    Price

  • Jan 18, 2024

    Date

    Active

    CRMLS: OC24011071

    $1,050,000

    Price

Tax History for 1495 Henderson Ave

Assessed Value (2020): $86,744
Year Land Value Improved Value Assessed Value
2020 $35,384 $51,360 $86,744

Home Value Compared to the Market

This property vs the competition

1495 Henderson Ave sold on March 25, 2024 for 28.21% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $254.11 per/sqft which puts the price per square foot 59.54% lower than the current median sale per square foot for the city of Long Beach.

About 1495 Henderson Ave

Detailed summary of property

1495 Henderson Ave is a apartment that recently sold in Long Beach, CA 90813. This apartment offered 6 bedrooms, 5 bathrooms, roughly 4,132 living square feet, and sits on an approximately 4,356 square foot lot. 1495 Henderson Ave was first listed on ArdentRealEstateGroup.com on January 18, 2024. The homeowner sold the property for $1,050,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 28.21% higher than the current median priced home. Local homes that are currently for sale include 2223 Locust, 1010 Lime Ave and 1039 E 10th St. While the average home in Long Beach, CA is selling in 62 days, 1495 Henderson Ave has a days on market of 20 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1495 Henderson Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1495 Henderson Ave

Public county record property details
Beds
6
Baths
5
Year built
1925
Sq. Ft.
4,132
Lot Size
4,380
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
7269-040-009

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$560,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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