309 W 9th St, Long Beach, CA 90813
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309 W 9th St Long Beach, CA 90813

$1,275,000 Sold Price as of 08/11/2020
  • 10 Beds
  • 4 Baths
  • 3,784 Sq.Ft.
Sold
$1,275,000 Sold Price as of 08/11/2020 Refinance Your Mortgage

Map preview of 309 W 9th St, Long Beach, CA 90813

Property Overview: 309 W 9th St Long Beach, CA has 10 bedrooms, 4 bathrooms, 3,784 living square feet and 2,358 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Charming Spanish-style 4 unit property that is the perfect downtown asset close to the beautiful Long Beach ocean! This is the perfect blend and balance of the endearing historical aspects, and the alluring modern aspects that make this property truly one-of-a-kind. The exterior of the building has been completely refinished with colorful style and finesse, keeping historical exterior doors and windows while updating the painting, lighting, and hardware. The entirety of the building has updated plumbing and electrical throughout. The first level consists of two units, which are both 2 bedroom and 1 bath each; while the top level consists of two additional units, which are 3 bedroom and 1 bath each. In every unit, new 7 mm waterproof vinyl flooring has been installed throughout. All new doors have been installed in every unit, as well as beautiful new hardware in the bedrooms, kitchens, and baths. Every kitchen has new shaker white cabinets, and slick quartz countertops, and brand new jet black appliances. LED canned lighting graces every unit, providing the perfect lighting to give a wonderful accent to the classic Long Beach craftsmanship. Each bath is equipped with a new vanity, highlighted by a new chrome sink, and subway tiles above each tub. New water heaters, and updated heating top off this definitively low-maintenance investment to hold for generations. 100% occupancy with all paying tenants! A perfect investment that is a bike ride away from the Long Beach ocean!

Listed by Jeff Warren | BRE #02040656 | First Team Real Estate
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
2,358
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW20121085
City
Long Beach
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.83%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $95,760
  • Net Operating Income: $75,779
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $19,981
  • New Taxes: $15,576
  • Trash: $500
  • Insurance: $1,800
  • Water/Sewer: $0

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Property Details for 309 W 9th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Room Information
  • Flooring: Vinyl
  • Entry, Kitchen
Kitchen Information
  • Has Appliances
  • Microwave
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7272011018
  • Year Built Source: Assessor
  • Architectural Style: Spanish
  • Foundation Details: Slab
  • Property is not Attached
  • Offered With Property: Stove, Microwave, Stove - In Each Unit
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Willmore District (WM)
  • Directions: Head S on Long Beach Blvd, make a L on 9th St, Property is on the Right.
  • Road Surface Type: Maintained, Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Golf, Park, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

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Sale History for 309 W 9th St

Last sold for $1,275,000 on August 11th, 2020
  • August, 2020

  • Aug 11, 2020

    Date

    Sold

    CRMLS: PW20121085

    $1,275,000

    Price

  • Jul 31, 2020

    Date

    Pending

    CRMLS: PW20121085

    $1,298,000

    Price

  • Jul 3, 2020

    Date

    Active Under Contract

    CRMLS: PW20121085

    $1,298,000

    Price

  • Jun 23, 2020

    Date

    Active

    CRMLS: PW20121085

    $1,298,000

    Price

  • August, 2020

  • Aug 11, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,275,000

    Price

  • June, 2019

  • Jun 19, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 309 W 9th St

Assessed Value (2020): $1,000,020
Year Land Value Improved Value Assessed Value
2020 $703,800 $296,220 $1,000,020

Home Value Compared to the Market

This property vs the competition

309 W 9th St sold on August 11, 2020 for 58.49% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $343.02 per/sqft which puts the price per square foot 45.38% lower than the current median sale per square foot for the city of Long Beach.

About 309 W 9th St

Detailed summary of property

309 W 9th St is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 10 bedrooms, 4 bathrooms, roughly 3,784 living square feet, and sits on an approximately 2,358 square foot lot. 309 W 9th St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,275,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 58.49% higher than the current median priced home. Local homes that are currently for sale include 2175 Earl Ave, 2223 Locust and 436 Gaviota Ave. While the average home in Long Beach, CA is selling in 62 days, 309 W 9th St has a days on market of 8 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 309 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 309 W 9th St

Public county record property details
Beds
4
Baths
4
Year built
1922
Sq. Ft.
3,784
Lot Size
2,358
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7272-011-018

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
$560,000
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.