219 East 10th Street

219 East 10th Street

Long Beach, CA 90813

$1,750,000
Price
6
Beds
3
Baths
4,836 Sq. Ft.
$362 / Sq. Ft.
4,836
Sq. Ft.
$362
per Sq. Ft.
a front view of a house with outdoor seating
a view of a chairs and table in a room
an empty room with wooden floor and windows
an empty room with wooden floor and windows
wooden floor in an empty room with a window
a view of a garage
wooden floor in an empty room with a window
a bathroom with a toilet sink and mirror
an empty room with wooden floor and closet
a view of an empty room with wooden floor
a view of an empty room and wooden floor
a kitchen with stainless steel appliances a refrigerator sink and microwave
a view of entryway
a view of entryway with wooden floor
a view of an empty room with a kitchen
a view of a hallway with wooden floor and entryway
a view of small space with window
an empty room with wooden floor and windows
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a bathroom with a sink and a mirror
a kitchen with a sink and wooden floor
a kitchen with sink and window
a bathroom with a sink and a toilet
a view of a entryway of a room
a view of hallway
a view of a street with shops
a view of house and front view of a house

Description

Rare Multifaceted High-Revenue Mixed-Use Property with Vast Upside Potential in Long Beach! Dive into this diversified investment, a mixed-use property yielding strong revenue with upside potential and preliminary redevelopment concept plans. Nestled in an evolving Long Beach neighborhood, this compelling asset covers two lots with separate APN's, merging lucrative commercial operations with updated residential spaces for a dynamic revenue stream. The front building features two retail store fronts...Rare Multifaceted High-Revenue Mixed-Use Property with Vast Upside Potential in Long Beach! Dive into this diversified investment, a mixed-use property yielding strong revenue with upside potential and preliminary redevelopment concept plans. Nestled in an evolving Long Beach neighborhood, this compelling asset covers two lots with separate APN's, merging lucrative commercial operations with updated residential spaces for a dynamic revenue stream. The front building features two retail store fronts on the ground level, and upstairs a three bedroom apartment features dual primary sized rooms with a common bathroom. The rear duplex qualifies as a multi-family residential duplex. Upstairs at the rear you'll find a two-bedroom apartment (converted) with great balcony space and tons of daylight. Downstairs rear is a large one bedroom apartment. Each residential unit has its own new laundry in-unit and there's a long driveway with off-street parking at the back. The two separate APN's of this purchase opportunity could allow for conventional financing of the rear duplex, increasing attainability for newer or first time investors. The allure of this property extends beyond its current income generating capabilities to a future filled with promise, highlighted by the preliminary sketches for the development of 20 micro-apartment as an option for future development. Envision the rent roll on a prospective 20 micro-units building! Recent improvements and new construction are reshaping the neighborhood, not to mention the cities investment of over $750MM on infrastructure via the "Elevate '28" plan. These two buildings collectively known as 219 E 10th Street stand out as a stellar choice for investors aiming for a combination of steady diversified income and the opportunity for expansive growth and appreciation. The strategic benefits of owning a desirable mixed-use building with upside potential, redevelopment potential, and situated on two APN's make this a rare gem. Updated units, off-street parking, a prime location, and a manageable 5 door roster underscore the ease of stepping into this investment for new investors and seasoned professionals alike. With the owner open to exploring offers as they venture into new opportunities via a 1031exchange (will require the buyer's cooperation), this scenario presents a rare window to invest a forward-thinking, multifaceted investment perfect for those poised to leverage the city's bright prospects and sights on the long term. APN #7273-007-037 and APN #7273-007-035. Subject to Long Beach / CA rent control law. All remarks made in good faith, however cannot be guaranteed by listing agent / broker.
  1. Listed by Jeffrey DeLancy • DRE #01988084 • Brokerage DRE #01834648 • Livel Real Estate
  2. Listed by Meital Taub • DRE #01871040 • Livel Real Estate

Property Details for 219 East 10th Street

Zoning
LBPD29
Cross Streets
Long Beach Blvd & 10th St
Parcel Number
7273007037
Total Units
5.0
Living Area
4836
Source Living Area
Estimated
Area
Downtown Area, Alamitos Beach (4)
Vacancy Rate
1

Location

Listing Courtesy of Livel Real Estate, Jeffrey DeLancy, DRE #01988084; Livel Real Estate, Meital Taub, DRE #01871040
Add your commute
LISTING UPDATED: 04/20/2024 01:02 AM

Property Details for 219 East 10th Street

StatusActive
MLS #24-371729
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1909
Lot Size0.13 AC / 5,751 SF
CountyLos Angeles County

Location

Listing Courtesy of Livel Real Estate, Jeffrey DeLancy, DRE #01988084; Livel Real Estate, Meital Taub, DRE #01871040
Add your commute

Building Information for 219 East 10th Street

Stories2Residences-Year Built1909Building Size-Lot Size0.13 AC / 5,751 SF

Payment Calculator

$10,379 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$829

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 219 East 10th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 5
  • Pets Allowed: Submit Pets
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Mixed Use
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: Paid
  • Water Heaters: Yes
  • Water Heater Features: Gas
  • Water District: Long Beach Utilities
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan, Other
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $127,800
  • Net Operating Income: $106,986.00
  • Gross Income: $124,850
  • Cap Rate: 6.11%
  • Gross Rent Multiplier: $14.01
  • Actual Annual Gross Rent: $124,850.00
  • Actual Rent Total: $124,850.00
  • Financial Info as Of: 03/01/2023
  • Vacancy Allow Dollar: $2,950.00
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 17864
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Paved: Yes
  • Lot Acreage: 0.0798
  • Lot Size Square Feet: 5751
  • Lot Description: 2-4 Lots, Exterior Security Lights, Fenced
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Driveway Gate, Uncovered, Tandem, Private
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Uncovered, Tandem Garage, Private
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dryer, Washer, Garbage Disposal
  • Bathroom Features: Shower Over Tub
  • Bedroom Features: 2 Master Bedrooms
  • Common Walls: Attached
  • Cooking Appliances: Oven-Gas, Cooktop - Gas
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Roof: Flat
  • Patio Features: Balcony
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structural Features: Balcony
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-22-2024
  • Listing Terms: Exchange Down
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,950.00
  • Unit Actual Rent: $2,950.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
  • Number of Carpet: 0
  • Number of Dishwasher: 3
  • Number of Disposal: 3
Tax and Assessed Info
Tax and Assessed Info
  • Tax Rate: 1.00%
  • Assessed Improvement Value: $436,237.00
  • Assessed Improvement Percent: 58.87
  • Assessed Land Value: $473,028.00
  • Assessed Land Percent: 54.5
  • Assessed Total Value: $1,077,452.00

Property History for 219 East 10th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 219 East 10th Street

Taxable ValueLand$304,841Additions$436,237Total$741,078
Tax Record2023$9,947 ($829 / month)
Home Facts
Total Finished SqFt3,380 SqFtAbove Grade Finished SqFt3,380 SqFtStories1Lot Size3,480 SqFtStyleOffice BuildingYear Built1909ZoningLBPD29CountyLOS ANGELESAPN7273-007-037

Schools near 219 East 10th Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Roosevelt Elementary School
Public - K to 5
Washington Middle School
Public - 6 to 8
Polytechnic High School
Public - 9 to 12
Renaissance High School For The Arts
Public - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 219 East 10th Street, Long Beach, CA 90813

219 East 10th Street is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on March 21, 2024 by Livel Real Estate, it's currently listed at $1,750,000. It has been on the market for a total of 42 days and was last sold on February 16, 2023. This listing's school district is Long Beach Unified School District. Nearby schools include Roosevelt Elementary School, Washington Middle School and Polytechnic High School. 219 East 10th Street is a 6-bed, 3-bath, 4,836 sqft multi-family home built in 1909.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Livel Real Estate, Jeffrey DeLancy, DRE #01988084; Livel Real Estate, Meital Taub, DRE #01871040

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.