$6,200,000
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125 Ximeno Avenue Long Beach, CA 90803
Mixed Use
Residence
Beds
Baths
9,708
Sq. Ft.
0.22
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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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 sq...uare 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 4.74% CAP rate and a price tag of $344K 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.
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MLS#
SB24095945
Property Type
Mixed Use
Status
Year Built
1958
Square Feet
9,708
sq. ft
Lot Size
0.22
Sewer
Public Sewer
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