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424 W 9th St
Long Beach, CA 90813
Perfect 1031 Exchange Property in Long Beach · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Good mixture of units: Improvements include hardwood floors, high ceilings, a sun-deck, granite counter tops, and vintage built-in cabinets
- Current CAP 5.07% | Current GRM 12.61
- Great location: Historic Willmore District perfect for young professionals looking to work in Downtown LBs hip revival
Property Facts
| No. Units | 8 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 3,274 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1904 |
| Zoning | LBPD10 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,274 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1904 |
| Zoning | LBPD10 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,500 | - |
| 1+1 | 1 | $1,373 | - |
| 1+1 | 1 | $1,423 | - |
| 1+1 | 1 | $1,529 | - |
| 1+1 | 1 | $1,457 | - |
| Studios | 1 | $1,123 | - |
| Studios | 1 | $1,163 | - |
| Studios | 1 | $1,148 | - |
Property Taxes
| Parcel Number | 7272-015-016 | Improvements Assessment | $600,518 |
| Land Assessment | $1,040,400 | Total Assessment | $1,640,918 |
Property Taxes
Parcel Number
7272-015-016
Land Assessment
$1,040,400
Improvements Assessment
$600,518
Total Assessment
$1,640,918
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