125 Ximeno Avenue, Long Beach, CA 90803
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- MLS#: SB25005115 ( Commercial/Residential )
- Street Address: 125 Ximeno Avenue
- Viewed: 3
- Price: $5,950,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1958
- Bldg sqft: 0
- Days On Market: 15
- Additional Information
- County: LOS ANGELES
- City: Long Beach
- Zipcode: 90803
- Subdivision: Belmont Shore (bsd)
- Provided by: Lyon Stahl Investment Real Estate, Inc.
- Contact: Brett Brett
- DMCA Notice
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Description125 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.
Property Location and Similar Properties
Features
Building Area Total
- 9708.00
Carport Spaces
- 10.00
Commoninterest
- None
Common Walls
- 2+ Common Walls
Country
- US
Days On Market
- 14
Garage Spaces
- 4.00
Gardner Expense
- 1620.00
Insurance Expense
- 12135.00
Laundry Features
- Common Area
Lot Features
- 16-20 Units/Acre
Netoperatingincome
- 296766.00
Newtaxesexpense
- 77084.00
Number Of Separate Electric Meters
- 18
Number Of Separate Gas Meters
- 18
Otherexpense
- 23221.00
Otherexpensedescription
- Utilitie
Parcel Number
- 7256027011
Parking Features
- Carport
- Garage
Pest Control Expense
- 1200.00
Pool Expense
- 4620.00
Pool Features
- Private
Professionalmanagementexpense
- 31265.00
Property Type
- Commercial/Residential
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 429687770:CRM
Subdivision Name Other
- Belmont Shore (BSD)
Totalexpenses
- 170410.00
Trash Expense
- 0.00
Vacancyallowance
- 14449
Water Sewer Expense
- 0.00
Water Source
- Public
Year Built
- 1958
Year Built Source
- Assessor
Zoning
- LBR4R