433 W 9th Street, Long Beach, California 90813, Long Beach, 90813 - bed, bath

433 W 9th Street, Long Beach, California 90813 home-pic-0
ACTIVE$1,295,000
433 W 9th Street, Long Beach, California 90813
0Bed
0Bath
5,018Sqft
4,699Lot
Year Built
1923
Close
-
List price
$1.29M
Original List price
$1.58M
Price/Sqft
$258
HOA
-
Days on market
-
Sold On
-
MLS number
SR25119378
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.29M(92th), sqft - 5018(92th), beds - undefined(50th), baths - undefined(50th).

Nestled in the vibrant heart of Downtown Long Beach’s historic Willmore District, 433 W 9th Street presents a rare opportunity to acquire a classic four-unit building with exceptional upside. Each of the four spacious units offers a well-designed 4-bedroom, 1-bathroom layout, averaging approximately 1,254 sq. ft. (buyer to verify), providing generous living spaces ideal for families, shared housing, or long-term tenants. Built in 1923, this two-story property showcases timeless early 20th-century architecture, with large interiors filled with natural light and original details that speak to its heritage. The building has been under long-term ownership and is well maintained, yet offers significant value-add potential through strategic updates and rental repositioning. Current rents are well below market, presenting a clear path for increased income for the savvy investor. The property includes two on-site garages plus two additional tandem parking spaces, offering four total off-street spots—an added convenience in this bustling urban location. With close proximity to public transit, freeways, shopping, dining, and the rapidly growing Downtown Long Beach core, the location supports strong tenant demand and long-term appreciation. Whether you’re looking to expand your multifamily portfolio, complete a 1031 exchange, or secure a high-potential income property in a coastal growth market, 433 W 9th Street is a standout opportunity not to be missed.

Price History

Date
Event
Price
11/22/25
Price Change
$1,295,000-0.3%
09/06/25
Price Change
$1,299,000
06/10/25
Listing
$1,580,000
06/25/01
Sold
$217,000
02/06/01
Sold
$205,000
11/15/99
Sold
$350,000
09/11/98
Sold
$4,000
10/22/97
Sold
$154,000
Condition Rating
Poor

Built in 1923, this property is over 100 years old. While described as 'well maintained' on the exterior, the listing explicitly highlights 'significant value-add potential through strategic updates' and 'aging infrastructure (e.g., plumbing, electrical, roof)' requiring 'significant capital expenditure.' The absence of interior photos, especially of kitchens and bathrooms, combined with the need for 'strategic updates' to achieve market rents, strongly suggests these areas are severely outdated and require substantial renovation. This aligns with the 'Poor' condition criteria, indicating a need for substantial repairs and rehabilitation beyond minor updates.
Pros & Cons

Pros

Prime Urban Location: Nestled in Downtown Long Beach's historic Willmore District, the property boasts close proximity to public transit, freeways, shopping, dining, and the rapidly growing Downtown core, ensuring strong tenant demand and long-term appreciation.
Significant Value-Add Potential: Current rents are well below market, presenting a clear path for increased income through strategic updates and rental repositioning, offering exceptional upside for investors.
Spacious Four-Unit Building: Comprising four large 4-bedroom, 1-bathroom units, each averaging approximately 1,254 sq. ft., the property offers generous living spaces ideal for various tenant types and maximizing rental income.
Historic Architectural Charm: Built in 1923, the property showcases timeless early 20th-century architecture with original details and large, light-filled interiors, appealing to tenants seeking character.
Valuable Off-Street Parking: The property includes two on-site garages plus two additional tandem parking spaces, totaling four off-street spots, a significant and highly desirable convenience in a bustling urban location.

Cons

Age of Property & Renovation Costs: Built in 1923, the property's age suggests potential for aging infrastructure (e.g., plumbing, electrical, roof) and requires strategic updates to realize its full value-add potential, which will incur significant capital expenditure.
Below Market Rents & Repositioning Effort: While offering upside, the current below-market rents mean immediate cash flow is suboptimal, and achieving market rates will require active management, potential tenant turnover, and investment in renovations.
Recent Price Reductions: The property has undergone multiple price reductions from its original list price of $1.58M to $1.295M, which could indicate initial overpricing or challenges in attracting buyers at higher price points in the current market.

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