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$2,400,000

Est. payment - /mo

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10 BD

8 BA

6,365 SqFt

Price Dropped by $275K

219 W 9th ST Long Beach, CA 90813

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/15/2024 05:45 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,365 sqft

Price per Sqft $377

MLS Listing ID 24444813

Bedrooms 10

HOA Y/N No

Year Built 1929

Lot Size 7,501 Sqft

Acres 0.1722

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.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBCO

Interior

Fireplace No

Appliance Dryer, Washer

Exterior

Garage Gated, One Space

Parking Type Gated, One Space

Total Parking Spaces 13

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7272012017

Special Listing Condition Standard

Listed by Douglas Steinriede • Dover Management Corp.

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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