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219 W 9th St Long Beach, CA 90813

$2,675,000
  • 13 Beds
  • 9 Baths
  • 6,365 Sq.Ft.
For Sale
$2,675,000 Get Pre-Qualified
Map preview of 219 W 9th St, Long Beach, CA 90813

Property Overview: 219 W 9th St Long Beach, CA has 13 bedrooms, 9 bathrooms, 6,365 living square feet and 7,500 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: 219 W. 9th Street is an eight-unit apartment community located near Downtown Long Beach, operating at a 5.60% cap rate and 12.42 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 | BRE #00284936 | Dover Management Corp.
Last checked: 4 minutes ago | Last updated: September 25th, 2024 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
7,500
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24444813
City
Long Beach
County
Los Angeles
Time on Site
3 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,086
  • Total Rent: $4,172
  • Pro Forma/Market Rent: $5,390
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,187
  • Total Rent: $6,560
  • Pro Forma/Market Rent: $6,750
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,083
  • Total Rent: $4,165
  • Pro Forma/Market Rent: $4,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.42
  • Gross Scheduled Income: --
  • Net Operating Income: $149,762
  • Gross Operating Income: $208,845
  • Laundry Income: $1,440
  • Other Income 1: $300
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 219 W 9th St

Interior Features
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Parking Space, Gated
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 8
  • Parcel Number: 7272012017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 9th Street and Pacific Avenue
View more facts & features

Local Long Beach Agent

Sale History for 219 W 9th St

View property's historical transactions

  • September, 2024

  • Sep 1, 2024

    Date

    Active

    CRMLS: 24444813

    $2,675,000

    Price

Tax History for 219 W 9th St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

219 W 9th St is listed 247.85% higher than the median list price for the city of Long Beach which has a median list price of $769,000. The median price per/sqft for Long Beach is $648 and this home is listed at $420.27 per/sqft which puts the price per square foot 35.14% lower than the median price per square foot for the city of Long Beach.

About 219 W 9th St

Detailed summary of property

219 W 9th St is a multi family located in Long Beach, CA 90813 and is currently for sale. This multi family property offers 13 bedrooms, 9 bathrooms, roughly 6,365 living square feet, and sits on an approximately 7,500 square foot lot. 219 W 9th St was first listed on ArdentRealEstateGroup.com on September 25, 2024. The homeowner is currently asking $2,675,000. The median priced home in Long Beach is $769,000 with a median price per square foot of $648. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 247.85% higher than the median priced home. Local competing homes currently for sale include 1724 Cherry Ave, 1512 N Stanton Pl and 3316 E 3rd St. While the average home in Long Beach, CA is selling in 65 days, 219 W 9th St has a days on market of 27 days. There are currently 777 homes for sale in the Long Beach real estate market and 410 of them are single family homes while 343 of them are condos and 22 are townhomes. For more information on this home for sale 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
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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
$599,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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