4-Unit Apartment
For Sale
$1,299,900
117 W 9th St, Long Beach, CA 90813
Long Beach multifamily property with two vacant two-bedroom units and immediate owner-occupancy or lease-up flexibility.
Property Size3,240 SF
Price / SF$401.20
Days on Market75
Property Features for 117 W 9th St
General Information
Standard status
Active
Size
3,240 SF
Property subtype
Residential Income
Occupancy
50%
Net Operating Income
$22,870
Additional Details
Asking Price
$1,399,900
Multifamily Units
4
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Kory Jackson · License #01315324
(310) 717-3720
Source:
Exprealty
Added: Aug 9
Changed: Oct 6
Last Checked: Oct 21 at 2:51AM
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 eXp Realty of California Inc
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Investment Insights
Based on property information with market context.
This 4-unit multifamily property in Long Beach contains 3,240 square feet and includes two vacant 2-bedroom units alongside two occupied residences. The vacancy profile gives a buyer immediate control of half the building for personal occupancy, renovation, or future leasing, while the occupied units provide established tenancy.
Located at 117 W. 9th St, the property can also be acquired with 1089 E. 7th Street as part of a portfolio sale. Available strategies include occupying one unit, leasing the vacant residences, improving the property, or holding the asset as part of a broader multifamily portfolio. Rents, expenses, vacancies, unit configuration, permits, zoning, and owner-occupancy requirements should be independently verified.
Located at 117 W. 9th St, the property can also be acquired with 1089 E. 7th Street as part of a portfolio sale. Available strategies include occupying one unit, leasing the vacant residences, improving the property, or holding the asset as part of a broader multifamily portfolio. Rents, expenses, vacancies, unit configuration, permits, zoning, and owner-occupancy requirements should be independently verified.
Key Highlights
- 4‑unit multifamily property with 3,240 square feet
- Two vacant 2‑bedroom units provide control of 50% of the building
- Two units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,471
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,489,420
$1.5M
Cap Rate 7%
$1,063,871
$1.1M
Cap Rate 9%
$827,456
$827.5K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$110.8K $34.20/SF
− Vacancy
−$4.4K −$1.36/SF
EGI
$106.4K $32.84/SF
− OpEx
−$31.9K −$9.85/SF
NOI
$74.5K $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%
$1,489,420
Cap Rate 7%
$1,063,871
Cap Rate 9%
$827,456
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$930.9K – $1.24M
NOI $74,471 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$980.4K
$857.9K – $1.14M
NOI $68,628 @ 7.0% cap · market cap 5.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,898
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Long Beach multifamily property with two vacant two-bedroom units and immediate owner-occupancy or lease-up flexibility.
Where is this quadplex located?
The property is located at 117 W 9th St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: 4‑unit multifamily property with 3,240 square feet; Two vacant 2‑bedroom units provide control of 50% of the building; Two units are currently occupied
