125 Ximeno, Long Beach CA 90803 | $6,200,000
Listing provided courtesy of Brett Lyon of Lyon Stahl Investment Real Estate, Inc.. Last updated 2024-11-28 09:11:51.000000. Listing information © 2024 SANDICOR.
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 4.74% 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.
More Details
0.22 Acres
3 Stories
David Piper
Call or Text: 858-525-5007
DRE# 02021985
