424 W 9th Street, Long Beach, CA 90813

About this property

424 W 9th St is located in the Heart of Downtown Long Beach, this is a great opportunity to own an 8 unit property with stable income and at least 10% upside in rents. The surrounding area is currently being heavily developed with an estimated $3.5 billion currently under construction. This is a great opportunity to own near the historic Willmore District with a fresh look to appeal to the young professionals flooding to Downtown's hip revival. 424 9th St comes with a mixture of hardwood floors, high ceilings, a sun-deck, granite countertops, and vintage built-in cabinets. The property consists of 2 buildings on a grassy 4,105 sq ft lot with (5) 1-bed/1-bath units and (3) studios.

Listing description from the July 2022 sale, as reported to CRMLS.

Sale history

$1,577,000

Sold July 2022 · listed $1,550,000, on market May 2022 · MLS #SB22093595 · Source: CRMLS

Listing Agent: Stephen Takahashi · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Vincent Cook · Kidder Mathews of California, Inc

$1,400,000

Sold March 2019 · listed $1,390,000, orig. $1,395,000, on market October 2018 · MLS #SB18254443 · Source: CRMLS

Listing Agent: Cameron Samimi · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Stephen Takahashi · Lyon Stahl Investment Real Estate, Inc.

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