219 W 9th St Long Beach, CA 90813

$1,795,000 Sold Price as of 05/19/2020

10 Beds
8 Baths
6,365 Sq.Ft.

Off Market

$1,795,000 Sold Price as of 05/19/2020 Refinance Your Mortgage

Property Overview: 219 W 9th St Long Beach, CA has 10 bedrooms, 8 bathrooms, 6,365 living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

219 W 9th St is currently an off market home in the city of Long Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Long Beach has a median list price of $799,900. The median price per/sqft for Long Beach is $644. With those numbers in mind, if you are looking to purchase a median priced home in Long Beach, CA and put 20% down you will need to save up $159,980 for the down payment and will need roughly $15,998 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Long Beach the commission could be as much as $40,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 219 W 9th St

Last leased for $2,850 on September 15th, 2020

February, 2024
Feb 17, 2024

Date

Canceled

CRMLS: PW23011133

$2,675,000

Price
Feb 14, 2023

Date

Active

CRMLS: PW23011133

$2,675,000

Price
Listing provided courtesy of CRMLS

901 Pacific Avenue is an eight-unit apartment asset located near Downtown Long Beach. The property is comprised of three buildings on a 7,500 square foot lot. Five (5) units were built in 1983 and the original three (3) units were built in 1929. Unit types include: (2) Junior 1BD/1BA; (3) 1BD/1BA; (1) 2BD/2BA; and (2) 3BD / 1BA. Six (6) units have been upgraded with high-end finishes including in-unit washer/dryers, new cabinets and countertops and new dishwashers. Multiple capital improvements include a new roof on the front building, partially updated electrical and plumbing systems, and new windows in remodeled units. The building has 13 parking spaces -- seven (7) garages and six (6) surface spaces. The garages may potentially be converted to ADUs for additional income. A new buyer can assume the current owner’s financing at an attractive 4.45% fixed rate for four (4) years, with interest only payments through August, 2025. With the loan assumption a new buyer can achieve a 5.61% cash on cash return day one.

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September, 2020
Sep 15, 2020

Date

Leased

CRMLS: DW20192702

$2,850

Price
Sep 15, 2020

Date

Active

CRMLS: DW20192702

$2,850

Price
Listing provided courtesy of CRMLS
May, 2020
May 19, 2020

Date

Sold

CRMLS: PW20074969

$1,795,000

Price
Apr 17, 2020

Date

Active

CRMLS: PW20074969

$1,795,000

Price
Listing provided courtesy of CRMLS

219 W 9th Street is an 8-unit investment asset on a desirable corner lot in the rapidly developing Willmore City Historic District of Downtown Long Beach with +/- 37% rental upside potential. The property features an attractive mix of junior one-bedroom, one-bedroom and three-bedroom units; five of the eight units were built in 1983. The site is overparked with eight parking spaces and seven garages. It is separately metered for gas and electric and has an on-site security camera system.

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May, 2020
May 19, 2020

Date

Sold (Public Records)

Public Records

$1,795,000

Price
September, 2005
Sep 30, 2005

Date

Sold (Public Records)

Public Records

$885,000

Price

Tax History for 219 W 9th St

Assessed Value (2020): $1,108,855

Year	Land Value	Improved Value	Assessed Value
2020	$468,581	$640,274	$1,108,855

About 219 W 9th St

Detailed summary of property

219 W 9th St is categorized with a use code of Apartment House (5+ Units) in Long Beach, CA 90813 and last sold on May 19, 2020 for $1,795,000. This property has 10 bedrooms, 8 bathrooms, roughly 6,365 living square feet, and sits on an approximately 7,500 square foot lot. Homes in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 124.37% higher than the current median priced home. 219 W 9th St was last sold on May 19, 2020 for $1,795,000. Local nearby listings include 4353 Rutgers Ave, 5535 Ackerfield Ave #46 and 455 E Ocean Blvd #202. The average home in Long Beach, CA is selling in 54 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. If you are the homeowner and looking to sell the home at 219 W 9th 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 W 9th St

Public county record property details

Beds: 10
Baths: 8
Year built: 1929
Sq. Ft.: 6,365
Lot Size: 7,500
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 4
APN: 7272-012-017

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

$629,000

Median List Price/Sq.Ft.

$546

Median Sold Price

$584,000

Median Sold Price/Sq.Ft.

$592

Total Inventory

Median Sale to List Price %

108.35%

Avg Days on Market

Loan Type

Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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