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.
Multi-familyProperty Type
1921Year Built
4,106 sq ftLot Size
$423Price/Sq.Ft.
Listed by Stephen Takahashi•DRE #01944770• Lyon Stahl Investment Real Estate, Inc.
Listed by John Stiegler II•DRE #01981597• Lyon Stahl Investment Real Estate, Inc.
Bought with Vincent Cook•DRE #02012324• Kidder Mathews of California, Inc
5.5% Cap Rate Day One & 11.95 GRM! 8-unit multi-family investment in Heart of Downtown Long Beach! Don’t miss this opportunity to own in Downtown LB near $8 billion in new capital! The property consists of 2 buildings on a large, grassy 4,105 sq. ft. lot with (5) 1-bed/1-bath units and (3) studios. The 9th Street Apartments offer the best cap rate on the market and are complimented by beautiful landscaping and upgraded units. The units come with a mixture of hardwood floors, high ceilings, a sun-deck, granite counter tops, and vintage built-in cabinets. This property captures the beauty of the historic Willmore District with a fresh look to appeal to the young professionals flooding to Downtown Long Beach’s hip revival. The 9th Street Apartments are situated just blocks from the ocean and minutes from the $520 million dollar Civic Center redevelopment, the $250 million Queen Mary Island waterfront development, the $53 million dollar Long Beach Aquarium expansion, and dozens of other new high rise and entertainment developments planned for Downtown Long Beach. Already offering a 5.5% cap rate, the property’s below-market rents offer any investor the opportunity to easily achieve a 6.68% cap rate and a 10.43 GRM. This turn-key asset is the perfect investment for any exchange buyer or owner looking to own a piece of one of Southern California’s last affordable beach communities.
SDMLS #301793237
May 11, 2017
Listing Removed
—
Mar 20, 2017
Listed
$1,040,000
$279/sq ft
CRMLS #P451870
Jul 2, 2005
Listing Removed
—
May 24, 2005
Listed
$769,000
$206/sq ft
Public Records
Dec 21, 1981
Sold
$79,500
$21/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$22,245 (+4.5%)
$1,061,208 + $612,528
$1,673,736
2024
$21,292 (+1.8%)
$1,040,400 + $600,518
$1,640,918
2023
$20,922 (+11.6%)
$1,020,000 + $588,744
$1,608,744
2022
$18,749 (+2.1%)
$1,000,000 + $577,200
$1,577,200
2021
$18,366 (+0.3%)
$956,572 + $515,076
$1,471,648
2020
$18,320 (+230.2%)
$937,816 + $504,977
$1,442,793
2019
$5,548 (+3.1%)
$928,200 + $499,800
$1,428,000
2018
$5,380 (+1.3%)
$144,581 + $217,780
$362,361
2017
$5,313 (+7.3%)
$138,968 + $209,324
$348,292
2016
$4,953 (+3.7%)
$138,968 + $209,324
$348,292
2015
$4,774
$136,244 + $205,220
$341,464
2014
$4,770 (+1.7%)
$131,570 + $198,179
$329,749
2012
$4,693 (+3.8%)
$130,976 + $197,284
$328,260
2011
$4,519 (+1.1%)
$128,408 + $193,416
$321,824
2010
$4,469 (+1.7%)
$125,891 + $189,624
$315,515
2009
$4,393 (+7.4%)
$124,951 + $188,207
$313,158
2008
$4,092
$125,248 + $188,655
$313,903
Tax history for 424 W 9th St
Year
Property tax
Land + Additions
Assessment*
2025
$22,245 (+4.5%)
$1,061,208 + $612,528
$1,673,736
2024
$21,292 (+1.8%)
$1,040,400 + $600,518
$1,640,918
2023
$20,922 (+11.6%)
$1,020,000 + $588,744
$1,608,744
2022
$18,749 (+2.1%)
$1,000,000 + $577,200
$1,577,200
2021
$18,366 (+0.3%)
$956,572 + $515,076
$1,471,648
2020
$18,320 (+230.2%)
$937,816 + $504,977
$1,442,793
2019
$5,548 (+3.1%)
$928,200 + $499,800
$1,428,000
2018
$5,380 (+1.3%)
$144,581 + $217,780
$362,361
2017
$5,313 (+7.3%)
$138,968 + $209,324
$348,292
2016
$4,953 (+3.7%)
$138,968 + $209,324
$348,292
2015
$4,774
$136,244 + $205,220
$341,464
2014
$4,770 (+1.7%)
$131,570 + $198,179
$329,749
2012
$4,693 (+3.8%)
$130,976 + $197,284
$328,260
2011
$4,519 (+1.1%)
$128,408 + $193,416
$321,824
2010
$4,469 (+1.7%)
$125,891 + $189,624
$315,515
2009
$4,393 (+7.4%)
$124,951 + $188,207
$313,158
2008
$4,092
$125,248 + $188,655
$313,903
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
4
Baths
5
Stories
—
Lot width
—
Lot depth
—
Lot size
4,106 Sq. Ft.
Year renovated
1923
Sq. Ft.
2,274
Year built
1904
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
7272015016
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
Property details
Interior
Laundry Information
None
Unit Type 1 Information
Unit Key Numeric: 11271234
Listing Key Numeric: 368828510
Actual Rent: $1,449
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $1,449
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 11271235
Listing Key Numeric: 368828510
Actual Rent: $1,195
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $1,195
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 368828510
Unit Key Numeric: 11271236
Actual Rent: $1,295
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $1,295
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 368828510
Unit Key Numeric: 11271237
Actual Rent: $1,507
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $1,507
Total # of Units: 1
Unit Type 5 Information
Unit Key Numeric: 11271238
Listing Key Numeric: 368828510
Actual Rent: $1,363
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $1,363
Total # of Units: 1
Unit Type 6 Information
Listing Key Numeric: 368828510
Unit Key Numeric: 11271239
Actual Rent: $1,045
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $1,045
Total # of Units: 1
Unit Type 7 Information
Unit Key Numeric: 11271240
Listing Key Numeric: 368828510
Actual Rent: $1,126
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $1,126
Total # of Units: 1
Unit Type 8 Information
Unit Key Numeric: 11271241
Listing Key Numeric: 368828510
Actual Rent: $1,095
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $1,095
Total # of Units: 1
Expenses
Fuel Expense: $1,600
Trash: $1,600
Total: $40,298
Insurance: $1,146
Water Sewer: $1,600
Electric: $1,600
Multi-Unit Information
Net Operating Income: $74,557
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 3,724
Gross Scheduled Income: $120,900
Gross Multiplier: 12.82
# Of Leased Units: 8
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 6
# Of Separate Electric Meters: 6
# Of Buildings: 3
Vacancy Allowance Rate: 5
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Public Records
Lot Features: 0-1 Unit/Acre
Property Information
Total # of Units: 8
Common Walls: 2+ common walls
Parcel Number: 7272015016
Attached Property
Year Built Source: Public Records
Financial
Lease / Rental Details
Operating Expense: $40,298
Rent Control
Total Actual Rent: $10,075
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Sidewalks
Location Information
Latitude: 33.77750800
Longitude: -118.19709700
Other Subdivision Name: Willmore District (WM)
Directions: Eastbound of the 710 Freeway and and Southbound of Anaheim St
Subdivision Name: Willmore District (WM)
Zoning: LBPD10
Public facts
Beds: 4
Baths: 5.0
Sq. Ft.: 2,274
Stories: —
Lot Size: 4,106 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1904
Year Renovated: 1923
County: Los Angeles County
APN: 7272015016
Home facts updated by county records on Oct 6, 2026
Other
Listing Information
Days Active in MLS: 6
Continuous Days Active in MLS: 6
Listing Agent Information
List Agent First Name: Stephen
List Agent Last Name: Takahashi
Co-List Agent First Name: John
Co-List Agent Last Name: Stiegler II
Listing Office Information
List Office Name: Lyon Stahl Investment Real Estate, Inc.
Co-List Office Name: Lyon Stahl Investment Real Estate, Inc.
Selling Agent Information
Buyer Agent First Name: Vincent
Buyer Agent Last Name: Cook
Selling Office Information
Buyer Office Name: Kidder Mathews of California, Inc
Around this home
Schools
Edison Elementary School
Public K-5 • Assigned • 0.3mi
3/10
Washington Middle School
Public 6-8 • Assigned • 1.7mi
4/10
Cabrillo High School
Public 9-12 • Assigned • 1.6mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 88° expected this year, 23 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Long Beach, CA • 90813
Average low and high temperatures (°F)
69
50
69
52
72
55
71
56
73
60
75
63
80
65
81
66
79
67
75
60
70
54
67
53
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 6.9 hours in December, placing it above the
U.S. average for solar exposure.