$6,800,000
- Beds
- Unknown
- sq ft
- 9,708
125 Ximeno Ave, Long Beach, CA 90803
125 Ximeno Ave
Long Beach, CA 90803
- 49 days on market
- Price drop $290,000↓
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 4.30% CAP rate and a price tag of $377K 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.
Details
Property type
Mixed Use
Lot size
9,462 sq ft
Price per sq ft
$701
Year built
1958
Price History
06/10/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #SB24095945
Price change
$6,800,000
-4.09%
05/13/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #SB24095945
Listed
$7,090,000
Schools & Community
Neighborhood:
Belmont Shore
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Pool
Community features:
Pool
Status: Active
Tomo last checked: 07/01/2024 at 9:00 AM
Listing updated: 06/10/2024 at 3:23 PM
Listed by: Brett Lyon, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838
MLS: CRMLS #SB24095945
![CRMLS logo](/_next/static/media/crmlsLogo.7699ca4d.png)
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