433 W 9th St Long Beach, CA 90813
Willmore NeighborhoodEstimated payment $7,179/month
Highlights
- Property is near public transit
- Paved or Partially Paved Lot
- 5-minute walk to Drake Park
About This Home
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.
Listing Agent
Beverly and Company Brokerage Phone: 818-271-1233 License #02006267 Listed on: 06/10/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 4,699 Sq Ft Lot
- No Common Walls
- Paved or Partially Paved Lot
- Level Lot
Parking
- 2 Car Garage
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 5,018 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Legal Lot and Block 3 / 12
- Tax Tract Number 5758
- Assessor Parcel Number 7272010019
- $970 per year additional tax assessments
Community Details
Overview
- 4 Units
- Willmore District Subdivision
Building Details
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $600
- Insurance Expense $1,000
- Maintenance Expense $3,000
- Water Sewer Expense $3,279
- Operating Expense $30,625
- Gross Income $117,288
- Net Operating Income $86,663
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,973 | $326,956 | $135,602 | $191,354 |
| 2024 | $4,973 | $320,546 | $132,944 | $187,602 |
| 2023 | $4,886 | $314,262 | $130,338 | $183,924 |
| 2022 | $4,612 | $308,101 | $127,783 | $180,318 |
| 2021 | $4,487 | $302,061 | $125,278 | $176,783 |
| 2019 | $4,423 | $293,604 | $121,563 | $172,041 |
| 2018 | $4,237 | $287,858 | $119,180 | $168,678 |
| 2016 | $3,872 | $276,202 | $114,553 | $161,649 |
| 2015 | $3,732 | $272,054 | $112,833 | $159,221 |
| 2014 | $3,727 | $652,950 | $457,065 | $195,885 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2025 11/20/25 | Price Changed | $1,295,000 | -0.3% | $258 / Sq Ft |
| 09/04/2025 09/04/25 | Price Changed | $1,299,000 | -13.4% | $259 / Sq Ft |
| 07/15/2025 07/15/25 | Price Changed | $1,500,000 | -5.1% | $299 / Sq Ft |
| 06/10/2025 06/10/25 | For Sale | $1,580,000 | -- | $315 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Lawyers Title Co | |
| Grant Deed | $217,000 | United Title Company | |
| Grant Deed | $205,000 | United Title | |
| Grant Deed | -- | -- | |
| Trustee Deed | $341,562 | -- | |
| Grant Deed | $350,000 | -- | |
| Corporate Deed | $330,000 | South Coast Title | |
| Grant Deed | -- | South Coast Title | |
| Grant Deed | $154,000 | South Coast Title | |
| Trustee Deed | $125,300 | Chicago Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,570,000 | Stand Alone First | |
| Previous Owner | $162,750 | No Value Available | |
| Previous Owner | $210,000 | Construction | |
| Previous Owner | $315,172 | FHA | |
| Previous Owner | $148,576 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25119378
APN: 7272-010-019
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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