Long Beach, CA 90803 125 Ximeno Avenue 1
$5,750,000
Pending
24 more
Presented By: Brett Lyon with Lyon Stahl Investment Real Estate, Inc.; 3107801899
Beds • 16
Baths • 3
SQFT • 9,708
Garage • 4
Year Built • 1958
Home Details
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 5.16% CAP rate and a cost of $319K 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.
Presented By: Brett Lyon with Lyon Stahl Investment Real Estate, Inc.; 3107801899
Interior Features for 125 Ximeno Avenue 1
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories3
Other Rooms
Entry Level1
General for 125 Ximeno Avenue 1
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.74
Carport Spaces10.0
Carport Y/NYes
CityLong Beach
Community FeaturesBiking
CountyLos Angeles
Directions1 Parcel S of E Division St and Ximeno Ave
Electric On Property Y/NNo
Entry Location1
Garage Spaces4.0
Garage Y/NYes
Gross Income481625.0
HOANo
Home Warranty Y/NNo
Insurance Expense14562.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet9462.0
Lot Size UnitsSquareFeet
MLS Area1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
MaintenanceExpense19265.0
MobileHomeRemainsYNNo
Net Operating Income296828.0
New ConstructionNo
Number Of Units Total18
Operating Expense170348.0
Pool FeaturesPrivate
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Subdivision NameBelmont Shore (BSD)
Tax Lot14
Taxes$74,595
Trash Expense0.0
Unit Number1
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1958
Year Built SourceAssessor
ZoningLBR4R
Exterior for 125 Ximeno Avenue 1
Building Area Total9708.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixteenToTwentyUnitsAcre
Lot Size Acres0.2172
Lot Size Area9462.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters18
Number of Separate Gas Meters18
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesCarport, Garage
Pool Charge4620.0
Private PoolYes
SpaNo
Total Parking14.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
