Active
125 Ximeno Avenue
Long Beach CA, 90803
$6,400,000
$659.25 per sqft
Active
9,708 sqft
Multi-family
Built in 1958
Listed by Brett Lyon with Lyon Stahl Investment Real Estate, Inc. 3107801899
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 4.55% CAP rate and a price tag of $355K 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.
SB24095945
MLSⓇ ID
May 13, 2024
Listed
August 30, 2024
Updated
Map
125 Ximeno Avenue
Long Beach CA, 90803
Interior Features
Total Stories
3
Laundry Description
None
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.22 Acres
Lot Features
16-20 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Days on Market
93
Garage
Yes
Garage Spaces
4
Parking
Carport, Garage
Parking Total
14
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
Community, Heated, In Ground
Zoning
LBR4R
Listing History
Date | Event | Price |
|---|---|---|
8/8/2024 | Price change | $6,400,000 -4% |
7/10/2024 | Price change | $6,600,000 -3% |
6/10/2024 | Price change | $6,800,000 -5% |
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 8/30/2024 at 8:07 PM UTC