Duplex with Four Garage
For Sale
$919,000
1326 E 9th Street, Long Beach, CA 90813
Long Beach, CA
Property Size1,842 SF
Lot Size0.12 Acres
Price / SF$498.91
Days on Market27
Property Features for 1326 E 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 2, Laundry Room, Bathroom 1, Bathroom 3, Bedroom 1
Parking
3
Parking features
Garage
Subdivision
Eastside (ES)
Lot features
2-5 Units/ Acre
Directions
7th st and Cherry Ave
Standard status
Active
APN
7267021012
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1921
Floors in Building
2
Number of units
2
Listing Agency:
JohnHart Real Estate
(818) 246-1099
Listed By:
Channy Chor · License #01836138
(213) 608-6408
Added: Aug 5
Changed: Aug 25
Last Checked: Aug 31 at 9:06PM
MLS# PW26177881
Copyright © 2026 California Regional Multiple Listing Service, Inc. 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 duplex contains approximately 1,842 square feet of total living area across two separate residences. The front home has a detached single-car garage, while the second-story rear residence sits above three additional garages, creating four garage spaces in total. Roof systems serving both residences and the garage structures were installed in 2023.
The property occupies a 0.1245-acre lot at 1326 E 9th Street in Long Beach, California. Constructed in 1921, it has public water and public sewer service. The surrounding area includes shopping, dining, transportation, schools, and other Long Beach amenities.
The property occupies a 0.1245-acre lot at 1326 E 9th Street in Long Beach, California. Constructed in 1921, it has public water and public sewer service. The surrounding area includes shopping, dining, transportation, schools, and other Long Beach amenities.
Key Highlights
- Two‑unit duplex with approximately 1,842 square feet of total living space
- Four garage spaces: one detached garage at the front unit and three beneath the rear unit
- Roof installed in 2023 on the front unit, rear unit, and garage structures
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
$42,338
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
4.61%
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%
$846,760
$846.8K
Cap Rate 7%
$604,829
$604.8K
Cap Rate 9%
$470,422
$470.4K
Market Conditions
NOI Build-Up for 1,842 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
$63.0K $34.20/SF
− Vacancy
−$2.5K −$1.36/SF
EGI
$60.5K $32.84/SF
− OpEx
−$18.1K −$9.85/SF
NOI
$42.3K $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%
$846,760
Cap Rate 7%
$604,829
Cap Rate 9%
$470,422
Alternative Uses
Best Use
Multifamily LT 5
$604.8K
$529.2K – $705.6K
NOI $42,338 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$557.4K
$487.7K – $650.3K
NOI $39,016 @ 7.0% cap · market cap 4.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,331
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?
Duplex - Two separate residences are accompanied by detached and stacked garage structures, with public water and sewer service.
Where is this duplex 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: Two‑unit duplex with approximately 1,842 square feet of total living space; Four garage spaces: one detached garage at the front unit and three beneath the rear unit; Roof installed in 2023 on the front unit, rear unit, and garage structures
