125 Ximeno Avenue Pending

Long Beach,CA 90803

$ 6200000

- Bed

0 Bath

9708 SqFt


Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Square Footage 9,708 sqft

Price per Sqft $638

MLS Listing ID SB-24095945

Year Built 1958

Lot Size 9,462 Sqft

Property Description

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 4.74% CAP rate and a price tag of $344K 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.

Location

State CA

County Los Angeles

Zoning LBR4R

Interior

Cooling Central Air

Fireplaces Type None

Laundry None

Exterior

Parking Features Garage,Carport

Garage Spaces 4.0

Pool Community,Heated,In Ground

Community Features Biking

Building

Lot Description 16-20 Units/Acre

Sewer Public Sewer

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