434 W 9th St - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$1,500,000 USD
949-942-8959
434 W 9th St, Long Beach, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/7
null | 6.44% Cap Rate

434 W 9th St
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Premium Long Beach Location just blocks from Downtown Long Beach
  • 1 Bedroom Townhouse Style, 1 Bedroom, and Studio Units
  • Newer Systems and Renovated Interiors
  • Upside in Rents
  • On-Site Laundry and Gated Entry For Tenants

OVERVIEW

Skyline Commercial Advisors is pleased to present the opportunity to acquire The 9th St Apartments, a 8 unit apartment building located in Long Beach, CA. The property offers an excellent mix of units including (2) 1 bedroom townhouse units, (2) 1 bedroom units, and (4) studio units. Tenants enjoy secure gated entry, on-site laundry, as well as being located just a few blocks from Downtown Long Beach. The building has been well maintained with newer electrical and renovated interiors showing clear pride of ownership. An investor can acquire an asset that will immediately cash flow with an opportunity to improve the income over time in an area that is currently undergoing major redevelopment.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$349 USD /SF

# OF UNITS

8

PRICE/UNIT

$187,500

CAP RATE

6.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,273 SF

ZONING

PD

APN/PARCEL ID

7272-010-017

ASK ABOUT THIS PROPERTY

Ryan PrattSkyline Commercial Real EstateMore Info
949-942-8959

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Ryan PrattSkyline Commercial Real EstateMore Info
949-942-8959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.