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.
Property Details
Property Features
Property Information:
Year Built: 1909
Stories: 2
Living Area: 4,836 SqFt
Listing Office:
Office Name: Livel Real Estate
Office Phone: (949) 922-9552
Listing Agent: Jeffrey DeLancy
Interior Features
Interior Information:
Appliances: Gas Cooktop, Disposal, Gas Oven, Dryer, Washer
Bedroom and Bathroom Information:
Total Bedroom Count: 6
Exterior Features
Parking Information:
Parking: Garage, Private, Tandem, Uncovered
Lot Features
Lot Information:
Lot Size: 0.13 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: Take Long Beach Blvd West toward coast, turn right on 10th St. Building is on Right (East) side of street.
Price Information
Listing Price Info
Price Summary:
List Price: $1,750,000
Price Per SqFt: $362/SqFt
Tax Information:
Annual Amount: $9,147
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Long Beach, CA.
This property is $960K more than the Median Sold Price and $251/SqFt less than other homes in Long Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24371729
Listing Office:
Office Name: Livel Real Estate
Office Phone: (949) 922-9552
Listing Agent: Jeffrey DeLancy
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 2:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 19, 2019
Jul 19, 2019Home Sold
$1,025,000
May 29, 2018
May 29, 2018Home Sold
$850,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$9,147
$712,303
2020
$7,811
$705,000
2019
$2,259
$591,600
2018
$2,236
$140,382
2017
$2,236
$137,630
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$8,802
Per Month
Principal & Interest
$8,735
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,313
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
International Elementary School
700 Locust Ave
Distance between this listing and this school0.26 miles
Public District Grades KG-5
4
/10
Stevenson Elementary School
515 Lime Ave
Distance between this listing and this school0.53 miles
Public District Grades KG-5
5
/10
Edison Elementary School
625 Maine Ave
Distance between this listing and this school0.67 miles
Public District Grades KG-5
Nearby Schools
3
/10
Washington Middle School
1450 Cedar Ave
Distance between this listing and this school0.46 miles
Public District Grades 6-8
6
/10
Franklin Classical Middle School
540 Cerritos Ave
Distance between this listing and this school0.82 miles
Public District Grades 6-8
4
/10
Jessie Nelson Academy
1951 Cherry Ave
Distance between this listing and this school1.57 miles
Public District Grades 6-8
Nearby Schools
4
/10
Renaissance High School For The Arts
235 E 8th St
Distance between this listing and this school0.16 miles
Public Magnet Grades 9-12
5
/10
Polytechnic High School
1600 Atlantic Ave
Distance between this listing and this school0.65 miles
Public Magnet Grades 9-12
2
/10
Cabrillo High School
2001 Santa Fe Ave
Distance between this listing and this school1.79 miles
The neighbors living near this home have an average income of $35,205. The most common annual income of people living in Long Beach, CA is less than $35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 219 E 10th St
What is the listing price of this property?
The listing price of 219 E 10th St property is $1,750,000.
What type of property is this?
The property 219 E 10th St is a house located in Long Beach, California, 90813.
Is this property for sale now?
Active Listing: 219 E 10th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $9,147 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 19, 2019 for $1,025,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 219 E 10th St has 6 bedrooms and 3 bathrooms.
What is the square footage of this property?
The property 219 E 10th St is 4,836 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 219 E 10th St is 1909.
This home is located at 219 E 10th St in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. This 4,836 square foot home, which was built in 1909, sits on a 0.13 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $1,750,000.
In March 2024, from all listings sold in Long Beach, CA there were more than 76 sold above asking price, over 59 sold below and more than 39 were sold right at the asked price. In March 2024 in Long Beach, CA there were 1.8% more homes for sale than in February 2024. In March 2024, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $790,000.
From Rocket Homes Real Estate and based on county public records data.