1840 Henderson Ave, Long Beach
- Beautifully remodeled & well maintained 4-Unit property with recently completed ADU (5 Units total)
- The seller has invested approximately $500,000 in improvements
- All units have been recently upgraded with above average finishes featuring all new kitchens, bathrooms, flooring, cabinets, fixtures, and recessed lighting
- Also featuring new plumbing including water supply, sewer, & gas lines and updated electrical throughout including main control panel
current
Download Offering Memorandum
UNITS: 5
GROSS RENT MULTIPLIER: 12.96
CAP RATE: 5.0%
PRICE
$2,450,000
ANNUAL INCOME
$183,000
ANNUAL NOI
$122,602
ANNUAL EXPENSE
$57,249
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 4 | 2 | $3,700 | $3,700 | $3,700 | $3,700 |
| 1 | 4 | 2 | $3,700 | $3,700 | $3,700 | $3,700 |
| 1 | 1 | 1 | $1,650 | $1,650 | $1,650 | $1,650 |
| 1 | 3 | 2 | $3,100 | $3,100 | $3,100 | $3,100 |
| 1 | 3 | 2 | $3,100 | $3,100 | $3,100 | $3,100 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 5 | 15 | 9 | $15,250 | $15,250 |
