424 9th St is a great opportunity to own in Downtown Long Beach without a market setting price per unit or huge down payment. Listed at 190k a door and over a 5% CAP rate, this is well maintained property that's easy to manage. Tenants enjoy the close proximity to dining and shopping options, which has led to an average length of tenancy of 5 years! The subject property also offers upside as the Willmore District and Downtown are revitalizing the look to attract young professionals and have already started with an estimated $3.5 billion under construction. All tenants are currently up to date.
424 West. 9th St., Long Beach, CA 90813
Directions to here from: 155 mi
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Listed by Stephen Takahashi with Lyon Stahl Investment Real Estate, Inc.
Based on information from the MLSListings MLS) as of 4/25/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
