125 Ximeno Avenue, Long Beach, CA 90803
  • MLS#: SB24095945 ( Commercial/Residential )
  • Street Address: 125 Ximeno Avenue
  • Viewed: 1
  • Price: $6,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 0
  • Days On Market: 186
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90803
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Brett Brett
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 9708.00
Carport Spaces
  1. 10.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 179
Electric Expense
  1. 0.00
Entry Location
  1. 1
  2. 2
  3. 3
Fireplace Features
  1. None
Garage Spaces
  1. 4.00
Gardner Expense
  1. 1620.00
Insurance Expense
  1. 12135.00
Laundry Features
  1. None
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 293656.00
Newtaxesexpense
  1. 80195.00
Number Of Separate Electric Meters
  1. 18
Number Of Separate Gas Meters
  1. 18
Otherexpense
  1. 23221.00
Otherexpensedescription
  1. Utility
Parcel Number
  1. 7256027011
Parking Features
  1. Carport
  2. Garage
Pest Control Expense
  1. 1200.00
Pool Expense
  1. 4620.00
Pool Features
  1. Community
  2. Heated
  3. In Ground
Professionalmanagementexpense
  1. 31625.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 414638477:CRM
Totalexpenses
  1. 176521.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 14449
Water Source
  1. Public
Year Built
  1. 1958
Year Built Source
  1. Assessor
Zoning
  1. LBR4R