433-439 W 9th St 4 Unit Apartment Building $1,295,000 ($323,750/Unit) 7.42% Cap Rate Long Beach, CA 90813

Nestled in the vibrant heart of Downtown Long Beach’s historic Willmore District, 433 W 9th Street presents a rare opportunity to acquire a classic four-unit building with exceptional upside. Each of the four spacious units offers a well-designed 4-bedroom, 1-bathroom layout, averaging approximately 1,254 sq. ft. (buyer to verify), providing generous living spaces ideal for families, shared housing, or long-term tenants.
Built in 1923, this two-story property showcases timeless early 20th-century architecture, with large interiors filled with natural light and original details that speak to its heritage. The building has been under long-term ownership and is well maintained, yet offers significant value-add potential through strategic updates and rental repositioning. Current rents are well below market, presenting a clear path for increased income for the savvy investor.
The property includes two on-site garages plus two additional tandem parking spaces, offering four total off-street spots—an added convenience in this bustling urban location. With close proximity to public transit, freeways, shopping, dining, and the rapidly growing Downtown Long Beach core, the location supports strong tenant demand and long-term appreciation.
433-439 9th Street
Important – Please Read Before Inquiring:
Price is firm and non-negotiable. The seller will not consider reductions, credits, concessions, or repairs. Property is sold strictly AS-IS, and the seller will not entertain requests before or after inspections. Only qualified buyers who accept these terms should proceed.
Tenant-occupied. 24-hour notice required. Showings scheduled only for pre-qualified buyers who confirm acceptance of the firm price and AS-IS terms prior to showing.
Current Monthly Rents (9th Street):
• 433: $2,682.72
• 435: $2,624.40
• 437: $2,624.40
• 439: $2,624.40
Also Available Separately: A second property at 1403 Lemon is being offered as a separate purchase for $1,300,000 (see rent details below).
1403 Lemon (Separate building, separate $1.3M price)
Important – Please Read Before Inquiring
Price is firm and non-negotiable. The seller will not consider reductions, credits, concessions, or repairs. Property is sold strictly AS-IS, and the seller will not entertain requests before or after inspections. Only qualified buyers who accept these terms should proceed.
Income Overview (1403 Lemon):
Current and projected monthly rents:
• 1403 (main): $3,009
• Unit B: $2,657
• Unit C: $2,200
• Unit A: Vacant, projected $2,200 upon completion
• Unit D: Vacant, projected $2,200 upon completion
Tenant-occupied where applicable. 24-hour notice required. Showings scheduled only for pre-qualified buyers who confirm acceptance of the firm price and AS-IS terms prior to showing.
This offering is part of a larger 6-building, 58-unit portfolio, giving investors the unique opportunity to purchase individually or scale into a significant footprint in one of Long Beach’s most dynamic neighborhoods.
Whether you’re looking to expand your multifamily portfolio, complete a 1031 exchange, or secure a high-potential income property in a coastal growth market, 433 W 9th Street is a standout opportunity not to be missed.
IMPORTANT – READ BEFORE CONTACTING:Price reflects the owner’s lowest acceptable value. No reductions will be considered. Property has deferred maintenance and is sold AS-IS with no credits or repairs.Seller will not entertain requests following inspections.Only serious, qualified buyers who accept these terms should proceed.
Tenant-occupied. 24-hour notice required. Showings only for pre-qualified buyers who accept price and AS-IS terms.