101 W 9th Street, Long Beach, CA 90813
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
101 W 9th Street,Long Beach, CA 90813
$950,000
- 1 Beds
- 1 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: monica calzada
Office: del rey realty
MLS#:SB26239242
Source:San Diego MLS via CRMLS
Price summary
- Price:$950,000
About this home
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...
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Home facts
- Listing ID #:SB26239242
- Added:1 day(s) ago
- Updated:November 12, 2026 at 05:01 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$950,000
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