219 W 9th Street , Long Beach, CA 90813
Long Beach, CA 90813
Description
219 W. 9th Street is an eight-unit apartment community located near Downtown Long Beach, operating at a 6.18% cap rate and 11.42 GRM . The property is comprised of three buildings on a 7,500 square foot lot.The property consists of five units constructed in 1983 and three original units built in 1929. 219 W. 9th Street has a varied unit mix of: two Junior 1BD/1BA, three 1BD/1BA, one 2BD/2BA, and two 3BD/1BA. Six of these units have been upgraded with high-end finishes, including in-unit washer/dryers, new cabinets, countertops, and dishwashers.The property completed several capital upgrades, including a new roof on the front building, partially updated electrical and plumbing systems, and new windows were installed in the renovated units.The asset boasts a total of 13 parking spaces, seven (7) garages and six (6) surface spaces. The garages may potentially be converted to ADUs for additional income.
Details
| Mls | 24444813 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1929 |
| Days On Site | 78 |
| Listing Provided By | Dover Management Corp. 818-843-5200 | Douglas Steinriede |
Features
| Beds | 10 |
|---|---|
| Baths | 8 |
| Sq Feet | 6,365 |
| Storys | 2 |
| Units | 8 |
| Buildings | 3 |
| Zoning | LBCO |
| Acreage | 0.17 |
Market Activity 90813
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| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90813 |
| Area | 4 Downtown Area | Alamitos Beach |
| Listing VS Median (in 90813) | |
Price: $2,400,000 low | high Med: $829,500 SqFt: 6,365 low | high Med: 2,141 $ / SqFt: $377 low | high Med: $400 On Site: 78 low | high Med: 244.000000 | |
