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 4.74% cap rate and a cost of $344k 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 Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
48272871
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
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Exterior Features
Building Information
- Year Built: 1958
- Building Area Total: 9,708
Pool Features
- Private
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.2172
- Lot Size Source: Assessor
- Lot Size Square Feet: 9462
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Listing Information
Listing Price Information
- Original List Price: 6,200,000
- Listing Contract Date: 2025-01-08
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 7256027011
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Carport,Garage
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
- Directions: 1 Parcel S of E Division St and Ximeno Ave
- Zoning: LBR4R
- Source Property Type: Residential Income
- Area: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
- Property SubType: Mixed Use
Building and Construction
- Property Age: 67
- Common Walls: 2+ Common Walls
- Structure Type: Mixed Use
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
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BuyOwner last updated this listing 01/18/2025 @ 03:58
- MLS: SB25005115
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 9,708 sqft, 9,462 sized lot, and 4 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90803, this Los Angeles County Home , it is in the Naples (NA) Subdivision, are nearby neighborhoods.