Description
We are pleased to present 424 W 9th St, a well-kept 8 unit multifamily investment in the Heart of Downtown in Long Beach! This is a great opportunity to own in Downtown LB where nearly $8 billion in new capital is being deployed. The property consists of 2 buildings on a grassy 4,105 sq ft lot with (5) 1-bed/1-bath units and (3) studios. The subject property comes with a mixture of hardwood floors, high ceilings, a sun-deck, granite counter tops, and vintage built-in cabinets. This property captures the b We are pleased to present 424 W 9th St, a well-kept 8 unit multifamily investment in the Heart of Downtown in Long Beach! This is a great opportunity to own in Downtown LB where nearly $8 billion in new capital is being deployed. The property consists of 2 buildings on a grassy 4,105 sq ft lot with (5) 1-bed/1-bath units and (3) studios. The subject property comes 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 Downtowns hip revival. Already offering over a 4.5% CAP rate, the 9th St apartments still have at least 10% upside in the rents.
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4BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
We are pleased to present 424 W 9th St, a well-kept 8 unit multifamily investment in the Heart of Downtown in Long Beach! This is a great opportunity to own in Downtown LB where nearly $8 billion in new capital is being deployed. The property consists of 2 buildings on a grassy 4,105 sq ft lot with (5) 1-bed/1-bath units and (3) studios. The subject property comes with a mixture of hardwood floors, high ceilings, a sun-deck, granite counter tops, and vintage built-in cabinets. This property captures the b We are pleased to present 424 W 9th St, a well-kept 8 unit multifamily investment in the Heart of Downtown in Long Beach! This is a great opportunity to own in Downtown LB where nearly $8 billion in new capital is being deployed. The property consists of 2 buildings on a grassy 4,105 sq ft lot with (5) 1-bed/1-bath units and (3) studios. The subject property comes 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 Downtowns hip revival. Already offering over a 4.5% CAP rate, the 9th St apartments still have at least 10% upside in the rents.