125 Ximeno Avenue
Long Beach, CA 90803
- – beds
- – baths
- – sqft
- 9,462 sqft lot
- 1958 build
- – on site
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 square 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 4.07% CAP rate and a price tag of $393K 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.
Listed By CRMLS_CA / Brett Lyon / Lyon Stahl Investment Real Estate, Inc. / 3107801899
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Last updated May 27, 2024
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MLS# SB24095945 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
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This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/13/24
May 13, 2024
|
Listed / Active | CRMLS_CA | $7,090,000 |