$1,577,000
$1,550,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
3,724 SqFt
SOLD DATE : 07/21/2022
Key Details
Sold Price $1,577,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,724 sqft
Price per Sqft $423
Subdivision Willmore District (Wm)
MLS Listing ID SB22093595
Sold Date 07/21/22
HOA Y/N No
Year Built 1921
Lot Size 4,107 Sqft
Acres 0.0943
Property Description
424 W 9th St is located in the Heart of Downtown Long Beach, this is a great opportunity to own an 8 unit property with stable income and at least 10% upside in rents. The surrounding area is currently being heavily developed with an estimated $3.5 billion currently under construction. This is a great opportunity to own near the historic Willmore District with a fresh look to appeal to the young professionals flooding to Downtown's hip revival. 424 9th St comes with a mixture of hardwood floors, high ceilings, a sun-deck, granite countertops, and vintage built-in cabinets. The property consists of 2 buildings on a grassy 4,105 sq ft lot with (5) 1-bed/1-bath units and (3) studios.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD10
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7272015016
Energy Description 1600.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Vincent Cook • Kidder Mathews of California, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "