219 W 9th Street, Long Beach CA, 90813

Active

219 W 9th Street

Long Beach CA, 90813

$2,400,000

$377.06 per sqft

Active

6,365 sqft

Commercial

Built in 1929

Listed by Douglas Steinriede with Dover Management Corp. 818-843-5200

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.

24439201

MLSⓇ ID

September 1, 2024

Listed

December 19, 2024

Updated

Map

219 W 9th Street
Long Beach CA, 90813

Interior Features

Total Stories: 2
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.17 Acres
Lot Features: Corner Lot

Other Property Details

Area Name: 4 - Downtown Area, Alamitos Beach
Days on Market: 91
Garage: No
Parking Total: 0
View: No
County: Los Angeles
Pool: No
Zoning: LBCO

Listing Contact: 818-843-5200

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/19/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/19/2024 at 6:41 AM UTC