1876 Henderson Avenue
Long Beach, CA 90806
Listing broker / agent: Sage Real Estate Group, Inc. · Juan Huizar · 562-307-0838 · CRMLS
MLS # PW26122313 · Last checked Oct 20, 2026 20:12 UTC
About this property
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 improvements, and immediate upside potential. The property consists of two upstairs 1-bedroom/1-bath units, four downstairs 1-bedroom/1-bath units, and one spacious downstairs 2-bedroom/1-bath unit. One of the upstairs has been updated with new luxury vinyl plank flooring and refreshed interior finishes. Several units are currently being utilized with additional rooms beyond their original layouts. Four of the downstairs 1-bedroom units are being used as 2-bedroom units, while the larger downstairs unit is currently utilized as a 3-bedroom unit. Ownership has completed numerous capital improvements, including electrical service upgrades in 2025, copper repiping of the upstairs units, replacement of gas lines, installation of a copper main water supply line, and ongoing roof maintenance. Each unit is individually metered for gas and electricity, helping reduce owner-paid utility expenses and improve operating efficiency. The property currently generates approximately $13,075 per month in gross rental income and is offered at an attractive 6.4% cap rate and 10.20 gross rent multiplier (GRM) based on current operations. Investors may benefit from favorable financing options, with the property potentially qualifying for financing with approximately 25% down. Additional amenities include four garages, on-site parking, and a desirable courtyard-style layout that enhances tenant appeal. Conveniently located near Pacific Coast Highway, Downtown Long Beach, public transportation, shopping, dining, and major employment centers, this property is well-positioned to benefit from continued rental demand and long-term appreciation. This is a rare opportunity to acquire a stabilized multifamily investment offering strong current returns, recent capital improvements, vacancy upside, and significant long-term growth potential.
Property details
- MLS number
- PW26122313
- Status
- Active
- Type
- Residential Income
- Subtype
- Apartment
- Lot size
- 0.1722 acres
- County
- Los Angeles
- Year built
- 1956
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 120
Building
- Year built
- 1956
- Year built source
- Assessor
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Entry level
- 1
- Construction
- Stucco
- Roof
- Composition
- Foundation
- Concrete Perimeter
Rooms & interior
- Appliances
- Dryer, Washer
- Heating
- Floor Furnace
- Cooling
- None
- Fireplace
- None
- Laundry
- Common Area
- Accessibility features
- None
Exterior & parking
- Total parking spaces
- 4
- Garage spaces
- 4
- Pool
- None
- Spa
- None
- Lot features
- Zero To One Unit Acre
- Lot size source
- Assessor
- Fencing
- Good Condition, Partial, Wrought Iron
- Property outlook
- None
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Community features
- Curbs
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Intellectual Virtues Academy (school website, opens in a new tab) Los Angeles County Office of Education · Long Beach | 9–12 | 0.5 mi |
| Roosevelt Elementary Long Beach Unified · Long Beach | K–5 | 0.7 mi |
| Lafayette Elementary Long Beach Unified · Long Beach | K–5 | 0.7 mi |
| Bobbie Smith Elementary Long Beach Unified · Long Beach | K–5 | 0.8 mi |
| Polytechnic High Long Beach Unified · Long Beach | 9–12 | 0.8 mi |
| Garfield Elementary Long Beach Unified · Long Beach | K–5 | 1.0 mi |
| Clear Passage Educational Center (school website, opens in a new tab) Long Beach Unified · Long Beach | 9–12 | 1.0 mi |
| Renaissance High School for the Arts Long Beach Unified · Long Beach | 9–12 | 1.1 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,550,000
- MLS-reported original asking price
- $1,600,000
- MLS-reported previous asking price
- $1,600,000
- MLS-reported last price change
- 2026-10-06 10:28 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 6, 2026 17:51 | $1,550,000 |
| Oct 2, 2026 06:37 | $1,600,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Long Beach
Active residential homes for sale in Long Beach, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
113 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-20 20:28 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗