219-223 W 9th St | Long Beach, CA 90813
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- LoopNet Team
219-223 W 9th St
Long Beach, CA 90813
Three Contiguous Buildings | Total of 8 Units · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Priced at a 6.18% CAP rate & 12.42 GRM on current rents, and can be stabilized at a 6.89% CAP rate and 11.42 GRM without addition of ADUs
- Six (6) Units Upgraded with High-End Finishes
- Over-parked with 13 Parking Spaces (7 Garages and 6 Surface Spaces)
- Five (5) Units Built in 1983
- Multiple Capital Improvements
- Garages May Be Able to Be Converted to ADUs
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 6,365 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1985 |
| Building Class | C | Parking Ratio | 2.04/1,000 SF |
| Zoning | LBCO | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,365 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 2.04/1,000 SF |
| Zoning | LBCO |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Oven
- Range
- Family Room
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Gated
- Walk-Up
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 7272-012-017 | Improvements Assessment | $683,527 |
| Land Assessment | $1,279,564 | Total Assessment | $1,963,091 |
PROPERTY TAXES
Parcel Number
7272-012-017
Land Assessment
$1,279,564
Improvements Assessment
$683,527
Total Assessment
$1,963,091
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