125 Ximeno Ave offers an exceptional opportunity for investors seeking a standout addition to their portfolio. This 18-unit legacy apartment building features a versatile mix of (2) 2-bedroom/1-bath units, (12) 1-bedroom/1-bath units, and (4) studio units, encompassing a total of 9,708 square feet on a spacious 9,462-square-foot lot.The property includes desirable amenities such as a shared heated pool and a courtyard, providing residents with both comfort and convenience. With a strong 4.99% CAP rate and a cost of $330K per unit, this investment delivers undeniable potential.Located less than two blocks from the beach and just steps away from the top-tier retail and dining options along 2nd Street, 125 Ximeno Ave boasts a premier Long Beach location. Whether your goal is consistent returns or leveraging the area's ongoing growth, this property offers a prime opportunity in an A+ location.
|
DAYS ON MARKET
|
15
|
LAST UPDATED
|
1/21/2025
|
|
TRACT
|
Belmont Shore (BSD)
|
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 Jan 21, '25
|
$6,200,000
|
| Jan 21, '25 - Today |
$5,950,000 |
| 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 |
Private |
| SEWER |
Public Sewer |
| STORIES |
3 |
| SUBDIVISION |
Belmont Shore (BSD) |
| 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 1/22/25 9:10 PM PST 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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