117 W 9th Street Long Beach, CA 90813

RARE 4-UNIT OWNER-USER & VALUE-ADD OPPORTUNITY! Offered at $1,399,900, 117 W. 9th Street presents an exceptional opportunity to acquire a Long Beach multifamily property with TWO VACANT 2-BEDROOM UNITS, giving a new owner immediate flexibility rarely available in occupied investment properties. Move into one vacant unit and generate income from the remaining units, or lease BOTH vacancies at current market rents and immediately increase the property's gross income potential. The two occupied units currently generate $4,035 per month / $48,420 annually, providing established income from day one BEFORE any rental income is added from the two vacant units. For investors, the vacancies create an immediate opportunity to renovate, reposition, and establish new rents without waiting for existing tenants to vacate, subject to applicable laws. This is the type of property that offers multiple exit and ownership strategies: OWNER-OCCUPY, LEASE-UP, VALUE-ADD, HOLD, or 1031 EXCHANGE. With 50% of the units delivered vacant, buyers can take control of a significant portion of the property's income potential immediately after closing. Excellent opportunity for an owner-user seeking to offset housing costs with rental income or an investor focused on increasing NOI through lease-up and strategic improvements. Existing cash flow + two vacant 2-bedroom units + immediate rental upside make this a compelling Long Beach multifamily acquisition. PORTFOLIO SALE: This property is being offered as part of a portfolio sale together with 1089 E. 7th Street, Long Beach, creating an opportunity for buyers seeking to acquire multiple Southern California multifamily assets. Contact listing agent for additional portfolio details and terms.1031 EXCHANGE: Seller intends to complete an IRC Section 1031 Tax-Deferred Exchange. Buyer to cooperate with Seller's 1031 Exchange at no cost or liability to Buyer. Buyer to independently verify rents, expenses, vacancies, market rents, square footage, unit configuration, permits, zoning, and all financial information.