Silva Babaian Realtor, Real Estate Agent, Granada Hills, CA
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    219 9th Street, Long Beach, CA 90813
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    219 9th Street
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    • MLS#: 24439201 ( )
    • Street Address: 219 9th Street
    • Viewed: 1
    • Price: $2,400,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1929
    • Bldg sqft: 0
    • Days On Market: 184
    • Additional Information
    • County: LOS ANGELES
    • City: Long Beach
    • Zipcode: 90813
    • Provided by: Dover Management Corp.
    • Contact: Douglas Douglas
    • California Regional MLS IDX
    • DMCA Notice
    • 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.
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    Property Location and Similar Properties
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    Features
    Assetclass
    1. Multi-Family
    Building Area Total
    1. 6365.00
    Country
    1. US
    Parcel Number
    1. 7272012017
    Postalcodeplus4
    1. 4211
    Year Built
    1. 1929
    Zoning
    1. LBCO
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