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Listed by Monica Calzada, DRE #01468733 • Del Rey Realty
$950,000
Est. payment /mo
2,505 Sqft Lot
New
101 W 9th ST Long Beach, CA 90813
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26239242
Year Built 1918
Lot Size 2,505 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Four-unit multifamily investment opportunity located near Downtown Long Beach. Built in 1918, this fourplex offers approximately 3,192 square feet of living space on a 2,505-square-foot lot. The property consists of four units originally configured as 1-bedroom, 1-bathroom residences, with two units featuring an additional bedroom each. The permit status of the additional bedrooms has not been verified. Three units are currently tenant-occupied, generating a combined monthly rental income of $5,800. The fourth unit is vacant, offering an opportunity for additional rental income. Estimated rental income for the vacant unit ranges from $1,800 to $2,000 per month, potentially bringing total gross monthly rental income to approximately $7,600-$7,800. Based on estimated annual operating expenses, including property taxes, insurance, utilities, and maintenance, the property currently generates an estimated Net Operating Income (NOI) of $41,374 annually, representing a 4.36% cap rate at the $950,000 asking price. This reflects the current rental income from three occupied units. If the vacant unit is leased at a projected $2,000 per month, the property could generate approximately $64,174 in annual pro forma NOI, representing a 6.76% pro forma cap rate, based on adjusted mainte
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Laundry 38
Exterior
Parking Features No Parking
Pool None
Building
Water District - Public
Others
Tax ID 7273014017
Special Listing Condition Not Applicable
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