Active

117 W 9th Street

Long Beach, CA 90813
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Bed 10

Bed

Bath 4

Bath

SqFt3,240

Sqft

SqFt2,502

Sqft(Lot)

RARE 4-UNIT OWNER-USER, VALUE-ADD & PORTFOLIO OPPORTUNITY! Offered at $1,399,900, 117 W. 9th Street presents a unique opportunity to acquire a Long Beach multifamily property with TWO VACANT 2-BEDROOM UNITS. 50% OF THE PROPERTY AVAILABLE FOR IMMEDIATE OCCUPANCY OR LEASE-UP! The two currently occupied units generate $3,355 per month / $40,260 annually, with existing rents of $1,995 and $1,360. This provides established income from day one while leaving TWO 2-BEDROOM UNITS VACANT and available for a new owner to immediately reposition, improve, occupy, or lease at current market rents, subject to applicable laws. For an OWNER-USER, the opportunity is particularly compelling: occupy one of the vacant 2-bedroom units while receiving rental income from the occupied units and retaining an additi onal vacant 2-bedroom unit for future rental income. For an INVESTOR, 50% vacancy creates the opportunity to immediately address a significant portion of the property's income potential rather than waiting for existing tenants to vacate. Current annual operating expenses are approximately $17,390, with current NOI of approximately $22,870 BEFORE ANY INCOME FROM THE TWO VACANT UNITS. The property's current financial performance therefore reflects only 50% physical occupancy and should be evaluated together with the potential income available through lease-up of the two vacant units. Multiple strategies are available: OWNER-OCCUPY, LEASE-UP, RENOVATE, VALUE-ADD, HOLD, or 1031 EXCHANGE. Existing income + two vacant 2-bedroom units + immediate control of 50% of the units creates a compelling opportunity for a buyer seeking long-term upside. PORTFOLIO SALE: 117 W. 9th Street is being offered as part of a portfolio sale together with 1089 E. 7th Street, Long Beach, providing an opportunity to acquire multiple Southern California multifamily assets. Contact listing agent for portfolio details and terms.1031 EXCHANGE: Seller intends to complete an IRC Section 1031 Tax-Deferred Exchange. Buyer to cooperate with Seller's 1031 Exchange at no cost or liability to Buyer. Buyer to independently verify all rents, expenses, vacancies, market rents, square footage, unit configuration, permits, zoning, financial information, and owner-occupancy requirements.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,399,900

AD Id : 89392580

MLS Id : 26870367

Beds : 10

Lot Size : 2,502 Sqft

Living Area Size : 3,240

Year Built : 1918

County : Los Angeles

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Map

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Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Total Baths: 4

    Roofing Information

    Composition
  • Interior Features

    Roof: Composition
  • Heating & Cooling

    Has Heating: Yes Heating: NaturalGas Cooling: None

  • Building Information

    Year Built: 1918
    Building Area Total: 3240
    Construction Materials: Stucco
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 2502 Lot Size Acres: 0.0574 Lot Size Square Feet: 2,502 Lot Description: CornersMarked,RectangularLot

  • Listing Price Information

    Listing Price: $1399900
    Contract, SubjectToOther

  • Tax Information

    Parcel Number: 7273014015

  • Location Information

    Direction: West of Pine Street on 9th Street Security Features: CarbonMonoxideDetectors,SmokeDetectors
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Nearby Home Value

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1323 Walnut Ave, Long Beach, CA, 90813 $1,599,000 8 6 -- 6,362 Sqft
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755 Gaviota Avenue, Long Beach, CA, 90813 $2,875,000 2 2 -- 6,728 Sqft
933 Walnut Avenue, Long Beach, CA, 90813 $959,000 3 2 1,312 4,013 Sqft
1442 Alamitos Avenue, Long Beach, CA, 90813 $725,000 -- 3 1,064 2,018 Sqft
1377 Warren Avenue, Long Beach, CA, 90813 $1,627,000 4 -- 4,944 5,700 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/02/2026 @ 19:19

MLS: 26870367 LISTED BY: Kory Jackson, eXp Realty of California Inc 888-584-9427 SOURCE: CRMLS

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