219 W 9th Street, Long Beach, CA 90813

  • $2,675,000
  • $420
219 W 9th Street, Long Beach, CA 90813
For Sale
219 W 9th Street, Long Beach, CA 90813
  • $2,675,000
  • $420

Overview

Property ID: SGR-33940136
  • Commercial Sale
  • Property Type
  • 1929
  • Year Built

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.

  • Address 219 W 9th Street
  • City Long Beach
  • State/county CA
  • Zip/Postal Code 90813
  • Area 4 - Downtown Area, Alamitos Beach
  • Country United States

Details

Updated on September 23, 2024 at 7:48 am
  • Property ID: SGR-33940136
  • Price: $2,675,000
  • Land Area: 7500.00 m²
  • Year Built: 1929
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 6365.00
  • MLS#: 24439201
  • Office Name: DOVER MANAGEMENT CORP.
  • Agent Name: Douglas Steinriede
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 00284936

Additional details

  • County: Los Angeles
  • Parking: 0.00

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