125 Ximeno Ave - Apartments FOR SALE


Long Beach, CA 90803
$5,950,000 USD
310-780-1899
125 Ximeno Ave, Long Beach, CA for Sale
$5,950,000 USD
Apartments - FOR SALE
1/32
null | 4.99% Cap Rate

125 Ximeno Ave
Long Beach, CA 90803


HIGHLIGHTS

  • Legacy 18-Unit Apartment Building in Belmont Shore
  • All Units Remodeled - (2) 2-Bed/1-Bath Units, (12) 1-Bed/1-Bath, (4) Studio
  • 9,708 SF 3-Story Building on Large 9,462 SF Lot With A Shared Heated Pool/Courtyard Area and Views From the Top Floor
  • 4.99% CAP in an A+ Location | $330K/Unit
  • Carport For (10) Cars w/ Additional Storage For Units in the Back + (4) 1-Car Garages in the Front | Potential to Add 4 ADUs (Buyer to Verify)
  • Great Location in Long Beach – Less Than 2 Blocks To The Beach w/ Easy Access to top-tier Retail and Restaurants on 2nd Street

OVERVIEW

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 4.99% CAP rate and a price tag of $330K 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.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$613 USD /SF

# OF UNITS

18

PRICE/UNIT

$330,556

CAP RATE

4.99%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

18 Units in Belmont Shore

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,461 SF

ZONING

R4, Long Beach

APN/PARCEL ID

7256-027-011

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real EstateMore Info
310-780-1899

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Brett LyonLyon Stahl Investment Real EstateMore Info
310-780-1899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.