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Diego Magdaleno

diego@1visionre.com +1(714) 376-8652

$1,399,900

Est. payment - /mo

10 Beds

4 Baths

3,240 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 3,240 sqft

Price per Sqft $432

MLS Listing ID 26870367

Bedrooms 10

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1918

Lot Size 2,500 Sqft

Property Description

FULLY OCCUPIED 4-UNIT INVESTMENT OPPORTUNITY WITH RENTAL UPSIDE! 117 W. 9th Street offers an attractive unit mix of two 2BR/1BA and two 3BR/1BA units generating $7,220/month and $86,640/year in current gross scheduled rent. Existing rents of $1,650/$2,200 for the 2BR units and $1,360/$2,010 for the 3BR units demonstrate significant variation within identical bedroom counts and potential long-term income upside. Public records identify the property as an approximately 3,240 SF quadruplex on a 2,502 SF lot with LBR4N zoning. Offered at $1,399,900 ($349,975/unit). An excellent opportunity for an investor seeking in-place income today with potential income growth tomorrow. DO NOT DISTURB TENANTS. DRIVE BY ONLY. Offers subject to inspection.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR4N

Interior

Heating Natural Gas

Cooling None

Fireplaces Type None

Fireplace No

Exterior

Parking Features On Street

Pool None

View Y/N No

View None

Roof Type Composition

Private Pool No

Building

Lot Description Corners Marked, Rectangular Lot

Faces South

Story 2

Entry Level Two

Foundation Raised

Sewer Other

Architectural Style Traditional

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Schools

School District Long Beach Unified

Others

Senior Community No

Tax ID 7273014015

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Contract, Subject To Other

Listing Terms Contract, Subject To Other

Financing Cash,Contract

Special Listing Condition Standard

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Listed by Kory Jackson eXp Realty of California Inc #01315324

NEARBY SCHOOLS & PROPERTIES

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117 W 9th ST Long Beach, CA 90813