125 Ximeno Avenue Long Beach, CA 90803
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site14 Days
- MLS StatusActive
- MLS ID NumberSB24095945
- Home Size Source N/A
- Year Built1958
- Lot Size0.2172 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking CarportGarage
- Parking Spaces 14
- Sewer Public Sewer
- Number of Stories 3
- Acreage 0.2172
- Water Public
- Garage Spaces 4
- Zoning LBR4R
- Listing Conditions Standard
Interior Features
- Cooling Central Air
- Fireplace Features None
- Laundry Features None
- Fireplace No
Exterior Features
- Pool Features CommunityHeatedIn Ground
- Pool Expense 4620
- Lot 16-20 Units/ Acre
Community Features
- Community Features Biking
- Senior Community No
- MLS Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr