219 W. 9th Street is an eight-unit apartment community located near Downtown Long Beach, operating at a 5.60% cap rate and 12.42 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.
Property Details
Price:
$2,675,000
MLS #:
24444813
Status:
Active
Baths:
0
Address:
219 W 9th Street
Type:
Residential Income
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Sep 1, 2024
State:
CA
ZIP:
90813
Lot Size:
7,500 sqft / 0.17 acres (approx)
Year Built:
1929
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Schools
Interior
Exterior
Parking Features
Parking Space, Gated
Parking Spots
13.00
Stories Total
2
Financial
Map
Community
- Address219 W 9th Street Long Beach CA
- Area4 – Downtown Area, Alamitos Beach
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
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Courtesy of Dover Management Corp.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.219 W 9th Street
Long Beach, CA
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