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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 4.55% CAP rate and a price tag of $355K 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.
Last Updated | 8/8/2024 | Year Built | 1958 |
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Community | Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr | Garage Spaces | 4.0 |
County | Los Angeles |
Price History
Prior to Jun 10, '24 | $7,090,000 |
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Jun 10, '24 - Jul 10, '24 | $6,800,000 |
Jul 10, '24 - Aug 8, '24 | $6,600,000 |
Aug 8, '24 - Today | $6,400,000 |
Additional Details
AIR | Central Air |
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AIR CONDITIONING | Yes |
AREA | Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr |
GARAGE | Carport, Garage, Yes |
LOT | 9462 sq ft |
LOT DESCRIPTION | 16-20 Units/Acre |
PARKING | Carport,Garage |
POOL | Yes |
POOL DESCRIPTION | Community,Heated,In Ground |
SEWER | Public Sewer |
STORIES | 3 |
WATER | Public |
ZONING | LBR4R |
Location
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