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219 E 10th St, Long Beach, CA 90813
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219 E 10th St Long Beach, CA 90813

$1,750,000
  • 6 Beds
  • 5 Baths
  • 4,836 Sq.Ft.
For Sale
$1,750,000 Get Pre-Qualified
Map preview of 219 E 10th St, Long Beach, CA 90813

Property Overview: 219 E 10th St Long Beach, CA has 6 bedrooms, 5 bathrooms, 4,836 living square feet and 5,751 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Rare Multifaceted High-Revenue Mixed-Use Property with Vast Upside Potential in Long Beach! Dive into this diversified investment, a mixed-use property yielding strong revenue with upside potential and preliminary redevelopment concept plans. Nestled in an evolving Long Beach neighborhood, this compelling asset covers two lots with separate APN's, merging lucrative commercial operations with updated residential spaces for a dynamic revenue stream. The front building features two retail store fronts on the ground level, and upstairs a three bedroom apartment features dual primary sized rooms with a common bathroom. The rear duplex qualifies as a multi-family residential duplex. Upstairs at the rear you'll find a two-bedroom apartment (converted) with great balcony space and tons of daylight. Downstairs rear is a large one bedroom apartment. Each residential unit has its own new laundry in-unit and there's a long driveway with off-street parking at the back. The two separate APN's of this purchase opportunity could allow for conventional financing of the rear duplex, increasing attainability for newer or first time investors. The allure of this property extends beyond its current income generating capabilities to a future filled with promise, highlighted by the preliminary sketches for the development of 20 micro-apartment as an option for future development. Envision the rent roll on a prospective 20 micro-units building! Recent improvements and new construction are reshaping the neighborhood, not to mention the cities investment of over $750MM on infrastructure via the "Elevate '28" plan. These two buildings collectively known as 219 E 10th Street stand out as a stellar choice for investors aiming for a combination of steady diversified income and the opportunity for expansive growth and appreciation. The strategic benefits of owning a desirable mixed-use building with upside potential, redevelopment potential, and situated on two APN's make this a rare gem. Updated units, off-street parking, a prime location, and a manageable 5 door roster underscore the ease of stepping into this investment for new investors and seasoned professionals alike. With the owner open to exploring offers as they venture into new opportunities via a 1031exchange (will require the buyer's cooperation), this scenario presents a rare window to invest a forward-thinking, multifaceted investment perfect for those poised to leverage the city's bright prospects and sights on the long term. APN #7273-007-037 and APN #7273-007-035. Subject to Long Beach / CA rent control law. All remarks made in good faith, however cannot be guaranteed by listing agent / broker.

Listed by Jeffrey DeLancy | BRE #01988084 | Livel Real Estate
Co-listed by Meital Taub | BRE #01871040 | Livel Real Estate
Last checked: 7 minutes ago | Last updated: April 20th, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
5,751
HOA Dues
$0/mo
Year built
1909
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24371729
City
Long Beach
County
Los Angeles
Time on Site
40 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,950
  • Total Rent: $2,950
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.11%
  • Gross Rent Multiplier: 14.01
  • Gross Scheduled Income: --
  • Net Operating Income: $106,986
  • Gross Operating Income: $127,800
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 219 E 10th St

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Property Details for 219 E 10th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven, Gas Cooktop
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Uncovered, Tandem Garage, Private
Lot Information
  • Lot Size Source: Appraiser
Property Information
  • Total # of Units: 5
  • Parcel Number: 7273007037
  • Year Built Source: Assessor
  • Has Additional Parcels
  • Offered With Property: Washer and Dryer Units in each of the three residential units.
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Take Long Beach Blvd West toward coast, turn right on 10th St. Building is on Right (East) side of street.
View more facts & features

Local Long Beach Agent

Sale History for 219 E 10th St

Last leased for $2,975 on April 24th, 2024

  • April, 2024

  • Apr 24, 2024

    Date

    Leased

    CRMLS: PW24056458

    $2,975

    Price

  • Mar 20, 2024

    Date

    Active

    CRMLS: PW24056458

    $3,300

    Price

  • Listing provided courtesy of CRMLS

    Spacious upstairs apartment with 3bds, 1bth situated above a beauty salon, and pet spa located in the Downtown neighborhood of Long Beach. Comes with in-unit laundry, and 2 side by side driveway parking spots! Appliances included are Stove, Refrigerator, and Overhead Microwave. Utilities included are Water, Sewer, Trash, and Gas. Conveniently located right next to a Grocery Store, footsteps away from the Metro train line, and only 1 block away from Pine Street!

  • March, 2024

  • Mar 21, 2024

    Date

    Active

    CRMLS: 24371729

    $1,750,000

    Price

  • December, 2023

  • Dec 12, 2023

    Date

    Leased

    CRMLS: PW23223721

    $1,850

    Price

  • Dec 9, 2023

    Date

    Active

    CRMLS: PW23223721

    $1,900

    Price

  • Listing provided courtesy of CRMLS

    Spacious 1bd, 1bth located in the Downtown neighborhood of Long Beach. Comes with in-suite laundry, and AC unit! Utilities included with the rent are Water, Sewer, Trash, and Gas. Conveniently located right next to a Grocery Store, and footsteps away from the Metro train line.

  • February, 2023

  • Feb 16, 2023

    Date

    Sold

    CRMLS: PW22185548

    $1,350,000

    Price

  • Aug 23, 2022

    Date

    Active

    CRMLS: PW22185548

    $1,625,000

    Price

  • Listing provided courtesy of CRMLS

    What an absolutely fantastic mixed use property on 2 separate lots!! There are 2 large commercial units in the front building with a gorgeous remodeled 3 bedroom 1 bath unit above offering a new kitchen, inside laundry and private balcony off of the primary bedroom. All 3 bedrooms are huge and there is loads of storage. The second building is a duplex with a fully remodeled 1 bedroom, 1 bath on the lower level that has huge rooms and even private inside laundry! There is a spacious 2 bedroom on the second level, also fully remodeled and offers 2 balconies! There is off-street parking for multiple cars behind the gated driveway. The current owner has remodeled all of the residential units to include, new flooring, paint, light fixtures, doors, kitchens, updated bathrooms and all stoves & refrigerators. The commercial units are in wonderful shape occupied by a hair salon and a dog grooming salon. Now, possibly the best part. The current owner has preliminary approval from the City of Long Beach to build 20 micro units! Architectural plans, structural plans, and other related plans have been completed at a cost of roughly $100K. These plans will be given to the new buyer so they can jump start the process right at the finish line! The new buyer could keep this property in it's current state with wonderful tenants or invest in a new larger complex! The Owner has his eye on another larger property and will look at all offers on this one! This is the deal you've been looking for with endless development possibilities!!

  • May, 2021

  • May 6, 2021

    Date

    Expired

    CRMLS: PW20234227

    $1,289,000

    Price

  • Mar 9, 2021

    Date

    Withdrawn

    CRMLS: PW20234227

    $1,289,000

    Price

  • Nov 6, 2020

    Date

    Active

    CRMLS: PW20234227

    $1,289,000

    Price

  • Listing provided courtesy of CRMLS

    This 5 unit building is in turn-key condition with all units remodeled from head to toe! All units are very spacious with upgrades galore! Those include upgraded flooring, lighting, custom paint, new kitchens and baths double payne vinyl windows! All units are fully occupied with amazing on-time paying tenants. There are 2 large commercial units in the front as well as 3 additional residential units. There is a long driveway and off-street parking for 2 additional cars. You will find inside laundry in 3 of the units as well as a public laundry area that a new owner could utilize for additional income. The property has 3 gas meters and all units are separately metered for electric. There is a basement as well for additional storage for the owner or could be rented out to one of the tenants. The landscaping is new and drought tolerant and the entire property has been painted within the past year. This is such a wonderful bread and butter property!!

  • July, 2019

  • Jul 22, 2019

    Date

    Sold

    CRMLS: OC19055313

    $1,025,000

    Price

  • May 22, 2019

    Date

    Pending

    CRMLS: OC19055313

    $1,050,000

    Price

  • May 7, 2019

    Date

    Price Change

    CRMLS: OC19055313

    $1,050,000

    Price

  • Mar 13, 2019

    Date

    Active

    CRMLS: OC19055313

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Remodeled mixed used great income property with 5753 sqft. .The house comprised of one 2 bedroom /1 bath unit, one 3 bedroom/ 1 bath unit, one 1 bedroom/ 1 bath unit and two office /Store Front spread across 2 buildings. Owner's have invested to upgrade roof, new paint and new windows. The interior of 2 of 3 units have been redone last year. 3 Residential units and 2 store units. Property includes 2 APN's-727-300-7035 and 727-300-7037 Please see private remarks for more information

  • July, 2019

  • Jul 19, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,025,000

    Price

  • January, 2019

  • Jan 3, 2019

    Date

    Canceled

    CRMLS: OC18174009

    $1,150,000

    Price

  • Oct 23, 2018

    Date

    Price Change

    CRMLS: OC18174009

    $1,150,000

    Price

  • Sep 19, 2018

    Date

    Price Change

    CRMLS: OC18174009

    $1,200,000

    Price

  • Aug 16, 2018

    Date

    Active

    CRMLS: OC18174009

    $1,250,000

    Price

  • Aug 10, 2018

    Date

    Active Under Contract

    CRMLS: OC18174009

    $1,250,000

    Price

  • Jul 19, 2018

    Date

    Active

    CRMLS: OC18174009

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Remodeled mixed used great income property with 5753 sqft. .The house comprised of one 2 bedroom /1 bath unit, one 3 bedroom/ 1 bath unit, one 1 bedroom/ 1 bath unit and two office /Store Front spread across 2 buildings. Owner's have invested to upgrade roof, new paint and new windows. The interior of 2 of 3 units have been redone this year . Priced at 11.51 GRM and a 7.6% Cap Rate on current rents. 3 Residential units and 2 store units. Property includes 2 APN's-727-300-7035 and 727-300-7037

  • May, 2018

  • May 29, 2018

    Date

    Sold (Public Records)

    Public Records

    $850,000

    Price

  • April, 2018

  • Apr 23, 2018

    Date

    Canceled

    CRMLS: SB17260254

    $1,035,000

    Price

  • Nov 17, 2017

    Date

    Active

    CRMLS: SB17260254

    $1,035,000

    Price

  • Listing provided courtesy of CRMLS

    219 & 221 East 10th Street is a mixed-use property in Long Beach, CA zoned LBPD29. The property is located in the North Pine district just west of Long Beach Boulevard and conveniently near numerous retain and public transit options, as well as the 710 freeway. The property comprises two parcels with two buildings; the front building consists of two retail spaces; a beauty salon, a party favor store, and a three-bedroom unit on the second floor. The rear building is a duplex with a 1bedroom/1bath and a 2bedroom/1bath units. Seller has left a few units un-leased for the next owner so they can choose their own tenants. Property has lots of potential for the right buyer. Location is great with lots of retail, foot and vehicle traffic. Close to everything!

  • April, 2018

  • Apr 13, 2018

    Date

    Canceled

    CRMLS: SB17259275

    $2,100

    Price

  • Nov 18, 2017

    Date

    Active

    CRMLS: SB17259275

    $2,100

    Price

  • Listing provided courtesy of CRMLS

    3bedroom 1 bathroom unit located in a mix use building on the 2nd floor. Ground floor consists of 2 retail store fronts; 1. Hair Salon, and 2. Retail. Recently updated and nicely maintained with parking. This property has 2 buildings on it, a mixed use building that faces 10th Street with this residential unit above, and another residential duplex behind this building. The Mixed Use property in total consists of 2 retail commercial units and 3 residential rental units. See pix.

  • April, 2018

  • Apr 13, 2018

    Date

    Canceled

    CRMLS: SB17259047

    $1,035,000

    Price

  • Nov 17, 2017

    Date

    Active

    CRMLS: SB17259047

    $1,035,000

    Price

  • Listing provided courtesy of CRMLS

    219 & 221 East 10th Street is a mixed-use property in Long Beach, CA zoned LBPD29. The property is located in the North Pine district just west of Long Beach Boulevard and conveniently near numerous retain and public transit options, as well as the 710 freeway. The property comprises two parcels with two buildings; the front building consists of two retail spaces; a beauty salon, a party favor store, and a three-bedroom unit on the second floor. The rear building is a duplex with a 1bedroom/1bath and a 2bedroom/1bath units. Seller has left a few units un-leased for the next owner so they can choose their own tenants. Property has lots of potential for the right buyer. Location is great with lots of retail, foot and vehicle traffic. Close to everything!

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Tax History for 219 E 10th St

Assessed Value (2020): $705,000
Year Land Value Improved Value Assessed Value
2020 $290,000 $415,000 $705,000

Home Value Compared to the Market

This property vs the competition

219 E 10th St is listed 118.78% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $637 and this home is listed at $361.87 per/sqft which puts the price per square foot 43.19% lower than the median price per square foot for the city of Long Beach.

About 219 E 10th St

Detailed summary of property

219 E 10th St is a multi family located in Long Beach, CA 90813 and is currently for sale. This multi family property offers 6 bedrooms, 5 bathrooms, roughly 4,836 living square feet, and sits on an approximately 5,751 square foot lot. 219 E 10th St was first listed on ArdentRealEstateGroup.com on March 22, 2024. The homeowner is currently asking $1,750,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $637. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 118.78% higher than the median priced home. Local competing homes currently for sale include 1216 E Florida St, 1616 E 4th St and 2490 Chestnut Ave. While the average home in Long Beach, CA is selling in 54 days, 219 E 10th St has a days on market of 39 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 219 E 10th St Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 219 E 10th St

Public county record property details
Beds
--
Baths
--
Year built
1909
Sq. Ft.
3,380
Lot Size
3,479
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
7273-007-037

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$695,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
28
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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Long Beach Agent
Call, Text or Message
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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