125 Ximeno Avenue

Long Beach, CA 90803

PRICE REDUCED

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-$690,000 (-9.73%)

$6,400,000

List Price

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1958

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Property Description

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.

Listing Information

List Price $6,400,000
Status Active
MLS SB24095945
Type Residential Income
Subtype Mixed Use
Year Built 1958
Lot Size 9,462
Structure Size N/A
DOM 128
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Brett Lyon DRE#01717818
Co-Listing Agent Woody Stahl DRE#01399621

Interior Features

Laundry Information
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Total Bedroom
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Features None
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Brett Lyon, Woody Stahl, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 19th, 2024 at 4:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.