332 W 9th Street, Long Beach, California 90813, Long Beach, 90813 - bed, bath
ACTIVE$1,200,000
332 W 9th Street, Long Beach, California 90813
0Bed
0Bath
3,372Sqft
2,503Lot
Year Built
1925
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$356
HOA
-
Days on market
-
Sold On
-
MLS number
SB25054456
Home ConditionExcellent
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.20M(92th), sqft - 3372(85th), beds - undefined(50th), baths - undefined(50th).
A great investment property in the historic Willmore District. All units have been upgraded kitchens and baths. Walk-in closets, refinished hardwood floors and private laundry facilities in every apartment. Close to restaurants, public transportation. Separately metered gas and electric meters paid by tenants. Upside potential for rent increases as Long Beach rents is controlled by California Tenant Protection Act (AB 1482) where the maximum rent increase at this time is 8.9%.
Price History
Date
Event
Price
06/27/16
Sold
$760,000
04/04/11
Sold
$380,000
11/30/04
Sold
$669,000
07/10/00
Sold
$186,000
05/09/00
Sold
$195,000
Condition Rating
Excellent
Despite being built in 1925, this quadruplex has undergone extensive and recent renovations across all units. The kitchens feature modern white shaker cabinets, stainless steel appliances, subway tile backsplashes, and contemporary countertops. Bathrooms are similarly updated with modern vanities, subway tile showers, and new fixtures. Refinished hardwood floors are present throughout, and each unit includes private laundry facilities. All visible components are new or virtually new, meeting current quality standards, making the interiors move-in ready with no deferred maintenance.
Pros & Cons
Pros
Strong Investment Potential: Explicitly positioned as a 'great investment property' and a 'Residential Income' quadruplex, with 'upside potential for rent increases' (8.9% under AB 1482).
Modernized & Desirable Units: All units feature upgraded kitchens and baths, refinished hardwood floors, walk-in closets, and private laundry facilities, enhancing tenant appeal and reducing immediate renovation needs.
Favorable Utility Structure: Separately metered gas and electric, with tenants responsible for payment, significantly reduces landlord operating expenses and improves net cash flow.
Desirable Historic Location: Situated in the historic Willmore District, offering proximity to restaurants and public transportation, which are key attractions for urban renters.
Multi-Unit Income Stream: As a quadruplex, the property provides diversified income streams, offering greater stability and cash flow compared to single-unit investments.
Cons
Property Age & Potential Maintenance: Built in 1925, the property's age suggests potential for higher maintenance costs related to older infrastructure (e.g., plumbing, electrical, roof) not explicitly covered by unit upgrades.
Rent Control Limitations: While allowing increases, the California Tenant Protection Act (AB 1482) caps rent growth, potentially limiting maximum income appreciation compared to unregulated markets.
Lack of Views: The property explicitly states 'view: None,' which might be a minor detractor for some tenants or future resale value, especially in a coastal city.