433-439 9Th St Long Beach, CA 90813
- Apartment buildings
- 5,018 SF
Current Use by Public Records
- Apartment buildings
Property Details for 433-439 9Th St
- Year built
- 1923
- Property size
- 5,018 SF
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity presents a well-maintained, four-unit apartment building located at 433-439 W 9th St, Long Beach, CA 90813, within Los Angeles County. Built in 1923, this two-story building boasts a total of 5,018 square feet situated on a 4,699 square foot lot. The property features four spacious apartments, each approximately 1250 square feet, with four bedrooms and one bathroom. Currently operating at 100% occupancy, the building generates a substantial net operating income (NOI) of $73,078.54, resulting in a compelling 4.27% capitalization rate. The asking price is $1,710,000, translating to $427,500 per unit. Conveniently located near shops, grocery stores, and restaurants, the property offers residents easy access to local amenities. Ample parking is provided with two detached garages and two additional parking spaces in the rear. Importantly, this property is not subject to rent control, offering significant potential for future income growth. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable Long Beach location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.197
- Latitude
- 33.778
