219 W. 9th Street

219 W. 9th Street, Long Beach, CA 90813

Sale Price


Investment Overview



Year Built


Price Per SF


Price Per Unit


Current Cap Rate


Market Cap Rate


Current GRM


Market GRM


The Offering

219 W. 9th Street 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 of the eight units were built in 1983 and the original three units were built in 1929. Unit types include: (2) Junior 1BD / 1BA; (3) 1BD / 1BA;
(1) 2BD / 2BA; and (2) 3BD / 1BA

Five units have been upgraded with luxury finishes including in-unit washer/dryers, new cabinets and countertops and new dishwashers.

Multiple capital improvements include a new roof on the front building, updated electrical and plumbing systems, and new windows in remodeled units.

The building has ample parking with 7 garage spaces that may potentially be converted to ADUs for additional income.

This offering has attractive assumable financing available: 3 years interest-only at 4.45%with 43% down.

Investment Highlights

  • Five Units Upgraded with Luxury Finishes – New Cabinets, Countertops, In Unit W/D, Stainless Steel Appliances and Recessed Lighting
  • Five of the 8 Units Built in 1983
  • Overparked with 7 Garage Spaces and 6 Surface Spaces
  • Garages May Be Able to Be Converted to ADUs
  • Assumable Financing Available: 3 Years I/O at 4.45% with 43% Down