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 4.55% CAP rate and a price tag of $355K 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.
|
DAYS ON MARKET
|
118
|
LAST UPDATED
|
8/8/2024
|
|
YEAR BUILT
|
1958
|
COMMUNITY
|
Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
|
|
GARAGE SPACES
|
4.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
|
Prior to Jun 10, '24
|
$7,090,000
|
|
Jun 10, '24 - Jul 10, '24 |
$6,800,000
|
|
Jul 10, '24 - Aug 8, '24 |
$6,600,000
|
| Aug 8, '24 - Today |
$6,400,000 |
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| AREA |
Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr |
| GARAGE |
Carport, Garage, Yes |
| LOT |
9462 sq ft |
| LOT DESCRIPTION |
16-20 Units/Acre |
| PARKING |
Carport,Garage |
| POOL |
Yes |
| POOL DESCRIPTION |
Community,Heated,In Ground |
| SEWER |
Public Sewer |
| STORIES |
3 |
| WATER |
Public |
| ZONING |
LBR4R |
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Listed with Lyon Stahl Investment Real Estate, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 9/7/24 4:34 PM PDT and /or other sources. 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
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