125 Ximeno AVE Unit: 1, LONG BEACH CA, 90803

Active

125 Ximeno AVE Unit: 1

LONG BEACH CA, 90803

$5,950,000

$612.90 per sqft

Active

3 Beds

3 Baths

9,708 sqft

Multi-family

Built in 1958

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 4.99% 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.

SB25005115MR

MLSⓇ ID

January 8, 2025

Listed

January 22, 2025

Updated

Map

125 Ximeno AVE Unit: 1
LONG BEACH CA, 90803

Interior Features

Total Stories: 3
Bedrooms: 3
Total Bathrooms: 3
Laundry Description: Laundry Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.22 Acres
Sewer: Public Sewer

Other Property Details

Area Name: Belmont Shore, Belmont Park, Naples
Days on Market: 14
Garage: Yes
Garage Spaces: 4
Parking: Carport, Garage
Parking Total: 14
View: No
County: Los Angeles
Water Source: Public
Pool: Yes
Pool Features: Private
Zoning: LBR4R

Listing History

Date	Event	Price
1/21/2025	Price change	$5,950,000 -5%

Listed by Brett Lyon with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-706-4066

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Data last updated 1/22/2025