219 West 9th Street
$2,400,000
10
8
6,365
6,365
$377
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,...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.
- Listed by Douglas Steinriede • DRE #00284936 • Brokerage DRE #00284936 • Dover Management Corp.
Property Details for 219 West 9th Street
Zoning
LBCO
Parcel Number7272012017
Total Units8.0
Living Area6365
Source Living AreaVendor Enhanced
AreaDowntown Area, Alamitos Beach (4)
Vacancy Rate3%
Lot Size Area7500
LISTING UPDATED: 10/15/2024 10:38 AM
Property Details for 219 West 9th Street
Status | Active |
---|---|
MLS # | 24-444813 |
Days on Market | 115 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1929 |
Lot Size | 0.17 AC / 7,500 SF |
County | Los Angeles County |
Building Information for 219 West 9th Street
Stories2Residences-Year Built1929Building Size-Lot Size0.17 AC / 7,500 SF
Property Information for 219 West 9th Street
Property History for 219 West 9th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 219 West 9th Street
Taxable ValueLand$1,254,475Additions$673,125Total$1,927,600
Tax Record2024$25,565 ($2,130 / month)
Home Facts
Total Finished SqFt6,365 SqFtAbove Grade Finished SqFt6,365 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningLBCOCountyLOS ANGELESAPN7272-012-017
Schools near 219 West 9th Street
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
International Elementary School PublicK to 5 | ||
Washington Middle School Public6 to 8 | ||
Cabrillo High School Public9 to 12 | ||
Renaissance High School For The Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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