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Listed by Brett Dalton Lyon • Lyon Stahl Investment Real Estate, Inc.
$6,200,000
Est. payment /mo
9,708 SqFt
Pending
125 Ximeno Avenue Long Beach, CA 90803
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UPDATED:
12/12/2024 10:19 AM
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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