$ 6,200,000
125 Ximeno AVE Long Beach, CA 90803
Schedule a Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 6,200,000
Est. payment /mo
Active
125 Ximeno AVE Long Beach, CA 90803
9,462 Sqft Lot
UPDATED:
11/07/2024 10:17 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB24095945
Originating Board California Regional MLS
Year Built 1958
Lot Size 9,462 Sqft
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.
Location
State CA
County Los Angeles
Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
Interior
Cooling Central AC
Laundry None
Exterior
Garage Carport , Garage
Garage Spaces 14.0
Pool Pool - Heated, Pool - In Ground, Community Facility
Building
Water District - Public
Others
Tax ID 7256027011
Special Listing Condition Not Applicable
© 2024 MLSListings Inc. All rights reserved.
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
GET MORE INFORMATION
QUICK SEARCH