101 W 9th Street
Long Beach, CA 90813
$950,000
- 0.06 acres
- Built 1918
Listed by Del Rey Realty · MLS #SB26239242
Listing status & updates
- MLS last changed
- Not supplied by this listing source
- Availability last checked
- No per-listing check is recorded
Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status
Interested in this property?
Team ERA is here to help. Tell us what you’re looking for, and we’ll connect you with a local ERA professional.
Contact the property team
PROPERTY QUESTIONS & SHOWINGS
Ask about this property.
101 W 9th Street, Long Beach, CA 90813 · MLS #SB26239242
A FEW THINGS TO NOTICE
What stands out.
Year built
Built in 1918.
Property size
0.06 acres listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
Get to know the property.
Three units are currently tenant-occupied, generating a combined monthly rental income of $5,800. The fourth unit is vacant, offering an opportunity for additional rental income. Estimated rental income for the vacant unit ranges from $1,800 to $2,000 per month, potentially bringing total gross monthly rental income to approximately $7,600–$7,800.
Based on estimated annual operating expenses, including property taxes, insurance, utilities, and maintenance, the property currently generates an estimated Net Operating Income (NOI) of $41,374 annually, representing a 4.36% cap rate at the $950,000 asking price. This reflects the current rental income from three occupied units.
If the vacant unit is leased at a projected $2,000 per month, the property could generate approximately $64,174 in annual pro forma NOI, representing a 6.76% pro forma cap rate, based on adjusted maintenance expenses. These estimates exclude vacancy allowances, property management, capital expenditures, and financing costs. Actual results may vary.
Conveniently located near Downtown Long Beach, shopping, dining, and public transportation. Property is being sold strictly AS-IS, in its present condition. Seller makes no representations or warranties regarding property condition, square footage, permits, improvements, unit configurations, or rental income. Buyer to conduct their own independent investigations and verify all information to their satisfaction.
THE NEIGHBORHOOD
Explore the location.
101 W 9th Street, Long Beach, CA 90813
Loading property map…
Map position comes from the listing source. Open directions in Google Maps
THE DETAILS
The details, all in one place.
- Property type
- ResidentialIncome
- Category
- Residential
- Year built
- 1918
- Garage spaces
- 0
- Pool
- No
- Pool features
- None
- Subdivision
- Townsite of long beach
- Parcel
- 7273014017
- HOA fee
- $0.00
Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.
Investor outlook Rental potential, ownership costs and property management
OWNERSHIP, WITH A PLAN
Investor outlook.
Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.
ERA PROPERTY MANAGEMENT
A team for what comes next.
Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.
Understand the opportunity.
Review rental pricing, property condition and your ownership goals with a local professional.
Make a strong first impression.
Bring together property preparation, professional marketing and applicant screening.
Stay connected to your investment.
Get support with rent collection, resident communication, maintenance coordination and owner reporting.
LOCAL PEOPLE. SHARED COMMITMENT.
A team behind your next step.
From your first question to the everyday work of ownership, a conversation with the right person makes a difference.
Meet ERA Property ManagementResidential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.
More in Long Beach.
$1,050,000
$1,298,000
$395,000Listing information
MLS #SB26239242 · California Regional MLS
Listing brokerage: Del Rey Realty
Listing agent: Monica Calzada
Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.
