219 W 9Th Street
Long Beach, CA 90813
$275,000.00 (-10.28%)
Active for $2,400,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 7,500 sqft
| MLS | 24439201 |
| Year Built | 1929 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $2,400,000 |
| Structure Size | N/A sqft |
| Lot Size | 7,500 sqft |
| Beds | N/A |
| Baths |
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.
Listing information courtesy of: Douglas Steinriede, Dover Management Corp. . *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Marlin Dginguerian and Associates
REALTORS®
Direct: 818.415.1516
Email: Email Me
DRE: 01930762
DRE #01873088
.png){kind=small}