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Property 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.

Features
2
: Dryer Included, Washer Included
0
Additional Information
Dover Management Corp.
0
CLW-X44193
CLW-X72165
Douglas
7272012017
: Standard
Two
32

Multi-Family For Sale

219 9th Street, Long Beach, California 90813

6,365 Sqft
$2,400,000
Listing ID #24444813
Basic Details
Status : Active
DaysOnMarket : 44
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24444813
Price : $2,400,000
Living Area : 6,365 Sqft
Lot Size : 7,500 Sqft
Year Built : 1929
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90813
Price Per Square Foot : $377
ModificationTimestamp : 2024-10-15 10:44:39
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