CA > Long Beach
Long Beach, CA 90803,125 Ximeno AVE
Long Beach, CA 90803,125 Ximeno AVE
Long Beach, CA 90803,125 Ximeno AVE
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Diego Magdaleno

Diego Magdaleno

1Vision Real Estate

+1(714) 681-1222
$6,200,000
Est. payment /mo
9,461 Sqft Lot
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UPDATED:

11/07/2024 11:15 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24095945

HOA Y/N No

Year Built 1958

Lot Size 9,461 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

Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr

Zoning LBR4R

Interior

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Carport, Garage

Garage Spaces 4.0

Carport Spaces 10

Garage Description 4.0

Pool Community, Heated, In Ground

Community Features Biking, Pool

Total Parking Spaces 14

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7256027011

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc. • 3107801899
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