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Additional details
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
$6,200,000
Est. payment /mo
9,708 SqFt
UPDATED:
12/12/2024 09:54 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 9,708 sqft
Price per Sqft $638
MLS Listing ID CRSB24095945
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1958
Lot Size 9,462 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Interior
Cooling Central Air
Fireplace No
Laundry No Hookups
Building
Water Public
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