Overview
- Residential Income
- 4.00
- 1958
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 4.07% CAP rate and a price tag of $393K 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.
Address
Open on Google Maps- Address 125 Ximeno Avenue
- City Long Beach
- State/county CA
- Zip/Postal Code 90803
- Area 1 - Belmont Shore/Park, Bay Hrbr, Marina Pac, Naples
- Country United States
Details
Updated on May 24, 2024 at 6:58 am- Property ID: SGR-32508729
- Price: $7,090,000
- Land Area: 9462.00 m²
- Garages: 4.00
- Year Built: 1958
- Property Type: Residential Income
- Property Status: For Sale
- Living Area: 9708.00
- MLS#: SB24095945
- Office Name: LYON STAHL INVESTMENT REAL ESTATE, INC.
- Agent Name: Brett Lyon
- MLS Status: Active
- Living Area Prefix: Sqft
- Co-Office Name: Lyon Stahl Investment Real Est
- Co-Agent Name: Woody Stahl
- Agent State License: 01717818
- Co-Agent State License: 01399621
Additional details
- Sewer: Public Sewer
- Cooling: Central Air
- County: Los Angeles
- Property SubType: Commercial/Residential
- Parking: 14.00
- Water Source: Public
Mortgage Calculator
- Principal & Interest
- Property Tax
- Home Insurance
- PMI
