Active

125 Ximeno Avenue

Long Beach CA, 90803

$6,800,000


$700.45 per sqft

Active

9,708 sqft

Multi-family

Built in 1958

Listed by Brett Lyon with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

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 4.30% CAP rate and a price tag of $377K 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

June 11, 2024

Updated

Map

125 Ximeno Avenue
Long Beach CA, 90803

Interior Features

Total Stories

3


Laundry Description

None


Fireplace

Yes


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

28


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


Buyer Agency Compensation

1.75%

Listing History

Date

Event

Price

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 6/11/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 6/11/2024 at 12:12 AM UTC

 

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