125 Ximeno AVE #1 Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90803
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Belmont Shore (Bsd)
MLS Listing ID SB25005115
Year Built 1958
Lot Size 9,461 Sqft
Property Sub-Type Mixed Use
Property Description
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 5.16% CAP rate and a cost of $319K 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.
Location
State CA
County Los Angeles
Area 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Zoning LBR4R
Interior
Laundry Common Area
Exterior
Parking Features Carport,Garage
Garage Spaces 4.0
Garage Description 4.0
Pool Private
Community Features Biking
Building
Lot Description 16-20 Units/Acre
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard