405 W 9th Street, Long Beach, California 90813, Long Beach, 90813 - bed, bath
ACTIVE$1,290,000
405 W 9th Street, Long Beach, California 90813
0Bed
0Bath
2,918Sqft
4,526Lot
Year Built
1938
Close
-
List price
$1.29M
Original List price
$1.49M
Price/Sqft
$442
HOA
-
Days on market
-
Sold On
-
MLS number
PW24248729
Home ConditionGood
Features
Good View:
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.29M(92th), sqft - 2918(69th), beds - undefined(50th), baths - undefined(50th).
A Beautiful historical Victorian style fourplex in Long Beach downtown area. An Excellent income producing property consist of two (2 ) 1 bedroom + 1 Bath and one (1) 2 bedrooms+1 bath with an extra attic space and a Beautiful 3 bedrooms+ 2 bath space with 2 enclosed patio room . All units are remodeled in 2018. And New roofing was done back in 2020 through-out the property. This Property is situated on the corner of W. 9th St. and Chestnut Ave. in the heart of Long Beach downtown area 1.3 miles from the famous Aquarium of the Pacific and exactly one mile north of the Long Beach city Hall.
Price History
Date
Event
Price
10/31/25
Price Change
$1,290,000
01/15/25
Listing
$1,490,000
07/31/18
Sold
$1,025,000
06/13/16
Sold
$720,000
09/24/10
Sold
$282,502
06/22/05
Sold
$720,000
03/04/04
Sold
$460,000
Condition Rating
Good
Despite being built in 1938, the property benefits from a significant remodel of all units in 2018 and a new roof in 2020. These extensive updates, within the last 5-15 years, bring the property's effective age forward, suggesting it is move-in ready with well-maintained systems. The exterior appears in good condition. However, without interior images of the kitchens and bathrooms, specific details regarding their current style, features, and appliance quality cannot be fully assessed to warrant an 'Excellent' rating, which typically requires visual confirmation of virtually new components meeting current quality standards.
Pros & Cons
Pros
Excellent Income Potential: As a fourplex, this property is explicitly described as an 'Excellent income producing property,' offering multiple rental units for consistent cash flow.
Recent Major Upgrades: All units were remodeled in 2018, and a new roof was installed in 2020, significantly reducing immediate capital expenditure for a new owner.
Prime Downtown Location: Situated in the heart of Long Beach downtown, close to major attractions like the Aquarium of the Pacific and City Hall, enhancing tenant appeal and property value.
Unique Architectural Style: The 'Beautiful historical Victorian style' offers distinct character and curb appeal, setting it apart from more generic multi-family properties.
Diverse Unit Mix: The property features a varied unit composition (two 1B/1B, one 2B/1B, one 3B/2B), catering to a broader tenant base and potentially optimizing rental income.
Cons
Age of Property: Built in 1938, despite recent remodels, the underlying infrastructure of an 86-year-old building may present unforeseen maintenance challenges or require future capital improvements.
Significant Price Reduction: The property has seen a substantial price drop from $1.49M to $1.29M, which could indicate initial overpricing or market resistance to its perceived value.
Lack of Dedicated Parking: For a fourplex in a dense downtown area, the description does not mention any dedicated parking, which could be a significant drawback for tenants and impact rental desirability.