125 Ximeno Avenue, Long Beach, CA 90803
-
Listed Price :
$6,200,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1958
Property 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.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
125 Ximeno Avenue |
| City |
Long Beach |
| State |
CA |
| Zip |
90803 |
| County |
Los Angeles |
| Listing Agent |
Brett Lyon DRE #01717818 |
| Co-Listing Agent |
Woody Stahl DRE #01399621 |
| Courtesy Of |
Lyon Stahl Investment Real Estate, Inc. |
| List Price |
$6,200,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
9,462 |
| Year Built |
1958 |
Listing information courtesy of: Brett Lyon, Woody Stahl, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 22nd, 2024 at 5:23 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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. Properties may or may not be listed by the office/agent presenting the information.
