101 W 9th Street, Long Beach, CA 90813
101 W 9th Street, Long Beach, CA 90813
101 W 9th Street, Long Beach, CA 90813
6
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$950,000
Est. payment /mo
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1 Bed
1 Bath
2,505 Sqft Lot
New

101 W 9th Street Long Beach, CA 90813

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Sheila Godkin

Sheila Godkin

+1(858) 888-5559

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26239242

Bedrooms 1

Lot Size 2,505 Sqft

Property Sub-Type Res Income 2-4 Units

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 maintenance expenses. These estimates exclude vacancy allowances, property management, capital expenditures, and financing costs. Actual results may vary. Conveniently located near Downtown Long Beach, shopping, dining, and public transportation. Property is being sold strictly AS-IS, in its present condition. Sell

Location

State CA

County Los Angeles

Zoning Assessor

Direction Exit the 710 free way, south on Shoreline Dr, East on 7th st. North on Pine Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7273014017

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

MLS Router / San Diego MLS
Listed by Monica Calzada, DRE#01468733 Del Rey Realty 

NEARBY SCHOOL & BUSINESS

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Sheila Godkin

Sheila Godkin

Luxury Property Specialist License ID: 01948190

+1(858) 888-5559

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