125 Ximeno Avenue , Long Beach, CA 90803
Long Beach, CA 90803
Description
Nestled in the heart of Belmont Shore, 125 Ximeno Ave stands as a rare opportunity for an investor looking to add a trophy asset to their portfolio. This legacy 18-unit apartment building offers a diverse mix of (2) 2-bed/1-bath units, (12) 1-bed/1-bath units, and (4) studio units, totaling 9,708 square feet on an expansive 9,462 square foot lot. Boasting a shared heated pool and courtyard area, this property combines comfort and convenience for its residents. With a solid 4.74% CAP rate and a price tag of $344K per unit, the investment potential is undeniable. Positioned less than 2 blocks from the beach and within easy reach of premier retail and dining destinations along 2nd Street, 125 Ximeno Ave enjoys a prime location in Long Beach. Whether you're seeking steady returns or looking to capitalize on the area's growth, this property represents a compelling opportunity in an A+ location.
Details
| Mls | SB24095945 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Subtype | Resale |
| Status | Pending |
| Year | 1958 |
| Days On Site | 214 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. 310-425-9838 | Brett Lyon |
Features
| Sq Feet | 9,708 |
|---|---|
| Garage | 4 |
| Car Port | Yes |
| Pool | Yes |
| Storys | 3 |
| Units | 18 |
| Buildings | 1 |
| Zoning | LBR4R |
| Acreage | 0.22 |
Market Activity 90803
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90803 |
| Area | 1 Belmont Shore | Park | Naples | Marina Pac | Bay Hrbr |
| Listing VS Median (in 90803) | |
Price: $6,200,000 low | high Med: $1,349,000 SqFt: 9,708 low | high Med: 1,002 $ / SqFt: $639 low | high Med: $1,346 On Site: 214 low | high Med: 32.000000 | |