125 Ximeno Avenue Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90803
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,708 sqft
Price per Sqft $612
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 4.99% CAP rate and a cost of $330K 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