219 W. 9th Street,Long Beach, CA 90813
Unit
Price
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Current GRM
Market GRM
219 W. 9th Street,Long Beach, CA 90813
Price
Price per SF
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Unit
Current GRM
Market GRM
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, partially 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.