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    424 W 9th Street

    Long Beach, CA 90813
    • $1,650,000
    • STATUS: ACTIVE
    • ON SITE: 21 days
    • ID#: 302992604
    UPDATED: 59 min ago
    $1,650,000
    • 4
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are pleased to present 424 W 9th St, a well-kept 8 unit multifamily investment in the Heart of Downtown in Long Beach! This is a great opportunity to own in Downtown LB where nearly $8 billion in new capital is being deployed. The property consists of 2 buildings on a grassy 4,105 sq ft lot with (5) 1-bed/1-bath units and (3) studios. The subject property comes with a mixture of hardwood floors, high ceilings, a sun-deck, granite counter tops, and vintage built-in cabinets. This property captures the b We are pleased to present 424 W 9th St, a well-kept 8 unit multifamily investment in the Heart of Downtown in Long Beach! This is a great opportunity to own in Downtown LB where nearly $8 billion in new capital is being deployed. The property consists of 2 buildings on a grassy 4,105 sq ft lot with (5) 1-bed/1-bath units and (3) studios. The subject property comes with a mixture of hardwood floors, high ceilings, a sun-deck, granite counter tops, and vintage built-in cabinets. This property captures the beauty of the historic Willmore District with a fresh look to appeal to the young professionals flooding to Downtowns hip revival. Already offering over a 4.5% CAP rate, the 9th St apartments still have at least 10% upside in the rents.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sandiegoareahomesforsale.co/homes/112998363
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    424 W 9th Street Long Beach, CA 90813

    • Price: $1,650,000
    • Status: ACTIVE
    • Updated: 59 min ago
    • ID#: 302992604
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    Neighborhood:
    Long Beach (90813)
    County:
    Los Angeles
    Area:
    Long Beach (90813)
    Property Description
    We are pleased to present 424 W 9th St, a well-kept 8 unit multifamily investment in the Heart of Downtown in Long Beach! This is a great opportunity to own in Downtown LB where nearly $8 billion in new capital is being deployed. The property consists of 2 buildings on a grassy 4,105 sq ft lot with (5) 1-bed/1-bath units and (3) studios. The subject property comes with a mixture of hardwood floors, high ceilings, a sun-deck, granite counter tops, and vintage built-in cabinets. This property captures the b We are pleased to present 424 W 9th St, a well-kept 8 unit multifamily investment in the Heart of Downtown in Long Beach! This is a great opportunity to own in Downtown LB where nearly $8 billion in new capital is being deployed. The property consists of 2 buildings on a grassy 4,105 sq ft lot with (5) 1-bed/1-bath units and (3) studios. The subject property comes with a mixture of hardwood floors, high ceilings, a sun-deck, granite counter tops, and vintage built-in cabinets. This property captures the beauty of the historic Willmore District with a fresh look to appeal to the young professionals flooding to Downtowns hip revival. Already offering over a 4.5% CAP rate, the 9th St apartments still have at least 10% upside in the rents.
    Exterior Features

    Lot Dimensions Approx 41' By 101' Pool N/K Site Sidewalks Spa N/K

    Interior Features

    Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Annual Expense Actual 39043 Buildings 2 Gross Scheduled Income Actual 120900 Home Owners Fees 0.0 Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1449.0 Unit2 Rent Actual 1195.0 Unit3 Rent Actual 1295.0 Unit4 Rent Actual 1507.0 Zoning Assessor

    Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Steven G. Fraioli & Associates
    13176 Midbluff Ave
    San Diego CA, 92128