219 W 9th Street
Long Beach, CA 90813
6365 sqft | 10 beds | 0.17 acres | #24444813
Description
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.
Interior Details
- Bedrooms10
Property Details
- Stories2
Measurements
- Acres0.1722
- Square Feet6365
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1929
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$2,675,000
Other
- MLS #24444813
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Douglas Steinriede (#CLW-X44193)
Listing Office: Dover Management Corp. (#CLW-X72165)
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