Quadplex with Vacant
For Sale
$1,399,900
117 W 9th St, Long Beach, CA 90813
Residential Income, Traditional, Long Beach, CA
Property Size3,240 SF
Lot Size0.06 Acres
Price / SF$432.07
Days on Market24
Property Features for 117 W 9th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LBR4N
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 10, Bedroom 8, Bedroom 3, Bedroom 9, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
Parking features
On Street
Lot features
Lot Shape- Rectangular, Street Lighting, Street Paved, Alley Paved, Corners Established, Curbs
Elementary school district
Long Beach Unified
Middle school district
Long Beach Unified
High school district
Long Beach Unified
Directions
West of Pine Street on 9th Street
Subdivision
Downtown Area, Alamitos Beach
Standard status
Active
APN
7273-014-015
Size
3,240 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
17359
Utilities
Heating system
Natural Gas
Building Details
Year built
1918
Floors in Building
2
Number of units
4
Flooring type
Mixed
Roof type
Composition
Architectural style
Other
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Kory Jackson · License #01315324
(310) 717-3720
Added: Aug 9
Changed: Sep 1
Last Checked: Sep 1 at 10:06PM
MLS# 26870367
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,240-square-foot quadplex includes four residential units, with two two-bedroom units currently vacant and two units occupied. The 50% physical occupancy allows immediate control of half the unit count for owner occupancy, renovation, or lease-up, subject to applicable laws and required verification. Existing improvements include mixed flooring, natural gas heating, a composition roof, and on-street parking.
Built in 1918 on a 0.0574-acre lot, the property is located at 117 W. 9th St in Long Beach, California, within the 90813 ZIP Code. Zoning is LBR4N. The occupied units provide in-place rental income, while the vacant two-bedroom units offer flexibility for a buyer pursuing personal use or additional leasing after evaluating permits, rents, expenses, unit configuration, and owner-occupancy requirements.
Built in 1918 on a 0.0574-acre lot, the property is located at 117 W. 9th St in Long Beach, California, within the 90813 ZIP Code. Zoning is LBR4N. The occupied units provide in-place rental income, while the vacant two-bedroom units offer flexibility for a buyer pursuing personal use or additional leasing after evaluating permits, rents, expenses, unit configuration, and owner-occupancy requirements.
Key Highlights
- Four‑unit multifamily property with 2 vacant 2‑bedroom units
- 3,240 square feet of building area
- 50% physical occupancy with 2 occupied units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,471
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.32%
Second Best
Apartment 5plus
$980.4K
$857.9K – $1.14M
NOI $68,628 @ 7.0% cap · market cap 4.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property with two vacant two-bedroom units and two occupied units generating established rental income.
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 $1,399,900.
What are key features of this property?
This property features: Four‑unit multifamily property with 2 vacant 2‑bedroom units; 3,240 square feet of building area; 50% physical occupancy with 2 occupied units
