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125 Ximeno Ave offers an exceptional opportunity for investors seeking a standout addition to their portfolio. This 18-unit legacy apartment building features a versatile mix of (2) 2-bedroom/1-bath units, (12) 1-bedroom/1-bath units, and (4) studio units, encompassing a total of 9,708 square feet on a spacious 9,462-square-foot lot.The property includes desirable amenities such as a shared heated pool and a courtyard, providing residents with both comfort and convenience. With a strong 4.74% CAP rate and a cost of $344K per unit, this investment delivers undeniable potential.Located less than two blocks from the beach and just steps away from the top-tier retail and dining options along 2nd Street, 125 Ximeno Ave boasts a premier Long Beach location. Whether your goal is consistent returns or leveraging the area's ongoing growth, this property offers a prime opportunity in an A+ location.
Property Type(s):
Residential Income
| Last Updated | 1/8/2025 | Tract | Belmont Shore (BSD) |
|---|---|---|---|
| Year Built | 1958 | Community | Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr |
| Garage Spaces | 4.0 | County | Los Angeles |
Additional Details
| 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 | Private |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | Belmont Shore (BSD) |
| WATER | Public |
| ZONING | LBR4R |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
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