$2,400,000
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219 9th Street Long Beach, CA 90813
Cluster
Residence
10
Beds
8
Baths
6,365
Sq. Ft.
0.17
Acre
Lot
Property Activity
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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 192...9. 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.
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MLS#
24444813
Property Type
Cluster
Status
Bedrooms
10
Bathrooms
Year Built
1929
Square Feet
6,365
sq. ft
Lot Size
0.17
Stories
2.0
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