101 W 9th ST Long Beach, CA 90813
2,504 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Townsite Of Long Beach
MLS Listing ID SB26239242
HOA Y/N No
Year Built 1918
Lot Size 2,504 Sqft
Property Sub-Type Quadruplex
Property Description
Three units are currently tenant-occupied, generating a combined monthly rental income of $5,800. The fourth unit is vacant, offering an opportunity for additional rental income. Estimated rental income for the vacant unit ranges from $1,800 to $2,000 per month, potentially bringing total gross monthly rental income to approximately $7,600–$7,800.
Based on estimated annual operating expenses, including property taxes, insurance, utilities, and maintenance, the property currently generates an estimated Net Operating Income (NOI) of $41,374 annually, representing a 4.36% cap rate at the $950,000 asking price. This reflects the current rental income from three occupied units.
If the vacant unit is leased at a projected $2,000 per month, the property could generate approximately $64,174 in annual pro forma NOI, representing a 6.76% pro forma cap rate, based on adjusted maintenance expenses. These estimates exclude vacancy allowances, property management, capital expenditures, and financing costs. Actual results may vary.
Conveniently located near Downtown Long Beach, shopping, dining, and public transportation. Property is being sold strictly AS-IS, in its present condition. Seller makes no representations or warranties regarding property condition, square footage, permits, improvements, unit configurations, or rental income. Buyer to conduct their own independent investigations and verify all information to their satisfaction.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Parking Features None
Pool None
Community Features Curbs, Urban
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7273014017
Energy Description 1.0
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Lease Land No
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