Long Beach, CA 90803,125 Ximeno Avenue
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Long Beach, CA 90803,125 Ximeno Avenue
Long Beach, CA 90803,125 Ximeno Avenue
Long Beach, CA 90803,125 Ximeno Avenue
Long Beach, CA 90803,125 Ximeno Avenue
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125 Ximeno Avenue Long Beach, CA 90803

9,708 SqFt


UPDATED:

10/22/2024 06:40 PM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 9,708 sqft

Price per Sqft $638

MLS Listing ID CRSB24095945

HOA Y/N No

Year Built 1958

Lot Size 9,462 Sqft

Acres 0.22

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 Listing

Zoning LBR4

Interior

Cooling Central Air

Fireplace No

Laundry No Hookups

Exterior

Parking Type Other

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 7256027011


Bridge MLS
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.

Wesley Olson

Broker / Owner | License ID: 01248834

+1(925) 354-1062

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125 Ximeno Avenue