Four-Unit Multifamily
101 W 9th St, Long Beach, CA 90813
For Sale
New
$950,000
One residence is vacant, while the other three are tenant-occupied.
Property Size3,192 SF
Lot Size0.06 Acres
Price / SF$297.62
Days on Market2
Property Features for 101 W 9th St
General Information
Standard status
Size
Lot size
Property subtype
Net Operating Income
Financials
Asking Price
Cap Rate
Gross Income
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listed By:
Monica Calzada
(310) 415-2039
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Monica Calzada
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Investment Insights
Based on property information with market context.
Built in 1918, this four-unit property contains approximately 3,192 square feet of living area on a 2,505-square-foot lot. The residences were initially laid out as one-bedroom, one-bathroom units; two now include an additional bedroom, though permit status for those bedrooms has not been verified. Three units are occupied and one is vacant. The property is being sold as-is.
The property is near Downtown Long Beach, shopping, dining, and public transportation. Its Walk Score is 97, Transit Score is 73, and Bike Score is 87.
The property is near Downtown Long Beach, shopping, dining, and public transportation. Its Walk Score is 97, Transit Score is 73, and Bike Score is 87.
Key Highlights
- Four residential units; three are tenant‑occupied and one is vacant
- Approximately 3,192 square feet of living area on a 2,505‑square‑foot lot
- Built in 1918
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,367
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,467,340
$1.5M
Cap Rate 7%
$1,048,100
$1.0M
Cap Rate 9%
$815,189
$815.2K
Market Conditions
NOI Build-Up for 3,192 SF
Gross rent
$109.2K $34.20/SF
− Vacancy
−$4.4K −$1.36/SF
EGI
$104.8K $32.84/SF
− OpEx
−$31.4K −$9.85/SF
NOI
$73.4K $22.98/SF
Area
ZIP 90813
Vacancy
3.99%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,467,340
Cap Rate 7%
$1,048,100
Cap Rate 9%
$815,189
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$917.1K – $1.22M
NOI $73,367 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$965.9K
$845.1K – $1.13M
NOI $67,611 @ 7.0% cap · market cap 7.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,898
Businesses Nearby
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Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Long Beach, CA
Properties on Market for Quadplexes in Long Beach
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - One residence is vacant, while the other three are tenant-occupied.
Where is this quadplex located?
The property is located at 101 W 9th St Long Beach, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four residential units; three are tenant‑occupied and one is vacant; Approximately 3,192 square feet of living area on a 2,505‑square‑foot lot; Built in 1918
