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Listed by Brett Dalton Lyon • Lyon Stahl Investment Real Estate, Inc.
$ 5,750,000
Est. payment /mo
Pending
125 Ximeno Avenue Long Beach, CA 90803
9,708 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 9,708 sqft
Price per Sqft $592
Subdivision Belmont Shore
MLS Listing ID SB-25005115
Year Built 1958
Lot Size 9,462 Sqft
Property Description
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 5.16% CAP rate and a cost of $319K 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.
Location
State CA
County Los Angeles
Zoning LBR4R
Interior
Laundry Common Area
Exterior
Parking Features Garage, Carport
Garage Spaces 4.0
Pool Private
Community Features Biking
Building
Lot Description 16-20 Units/Acre
Sewer Public Sewer