Residential Income Property with
For Sale
$919,000
1326 E 9th Street, Long Beach, CA 90813
A 1921-built income property includes garage space.
Property Size1,842 SF
Days on Market77
Property Features for 1326 E 9th Street
General Information
Standard status
Active
Size
1,842 SF
Total Parking Spaces
3
Property subtype
Residential Income
Site & Location
Neighborhood
Aoc7/Craftsman Village
Amenities
Curbs, Sidewalks
Garage
Building Details
Building Size
1,842 SF
Year Built
1921
Buildings
2
Stories
2
Listing Agency:
JohnHart Real Estate
Listed By:
Channy Chor · License #01836138
(213) 608-6408
Source:
Evrealestate
Added: Aug 14
Changed: Oct 26
Last Checked: Oct 28 at 8:27AM
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 JohnHart Real Estate
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Investment Insights
Based on property information with market context.
Built in 1921, this residential income property includes a garage. It is located in Long Beach, in Los Angeles County, near 7th Street and Cherry Avenue.
Key Highlights
- Built in 1921
- Garage included
- Located near 7th Street and Cherry Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,016
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,320
$780.3K
Cap Rate 7%
$557,371
$557.4K
Cap Rate 9%
$433,511
$433.5K
Market Conditions
NOI Build-Up for 1,842 SF
Gross rent
$74.0K $40.20/SF
− Vacancy
−$3.1K −$1.69/SF
EGI
$70.9K $38.51/SF
− OpEx
−$31.9K −$17.33/SF
NOI
$39.0K $21.18/SF
Area
ZIP 90813
Vacancy
4.20%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,320
Cap Rate 7%
$557,371
Cap Rate 9%
$433,511
Alternative Uses
Best Use
Apartment 5plus
$557.4K
$487.7K – $650.3K
NOI $39,016 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$604.8K
$529.2K – $705.6K
NOI $42,338 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,331
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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Frequently Asked Questions
What type of property is this?
Residential income property - A 1921-built income property includes garage space.
Where is this residential income property located?
The property is located at 1326 E 9th Street Long Beach, CA.
What is the asking price?
The asking price for this property is $919,000.
What are key features of this property?
This property features: Built in 1921; Garage included; Located near 7th Street and Cherry Avenue
