125 Ximeno Avenue Long Beach, CA $ 7,090,000
125 Ximeno Avenue
$ 7,090,000
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125 Ximeno Avenue

Long Beach, CA, 90803
$ 7,090,000
Bedrooms16 Baths2.0 Sq 9,708

Monthly Estimate*

$ 47,122

Listed by Lyon Stahl Investment Real Estate, Inc.
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Multi-Family Home for sale in Long Beach, CA

for $7,090,000 with 16 bedrooms and 2 full baths. This 9,708 square foot home was built in 1958 on a lot size of 0.2172.

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.

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Multi-Family Active

Price

$ 7,090,000

Bedrooms

16

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

MixedUse

Lot Size

0.2172

Year Built

1958

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB24095945

Days on Market

24

Features
General
Sewer PublicSewer
Cooling CentralAir
Zoning LBR4R
Garage Spaces 4.0
Pool Features Community Heated InGround
Year Built 1958
Property SubType MixedUse
Gross Income 488465.0
Community Features Biking Pool
County Los Angeles
Net Operating Income 288669.0
Operating Expense 185142.0
Insurance Expense 12135.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions 1 Parcel from the corner of Ximeno Ave and E Division St
City Long Beach
Entry Location 1 2 3
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 18
MLS Area 1 - Belmont Shore/Park Naples Marina Pac Bay Hrbr
Lot Size Units SquareFeet
Lot Size Square Feet 9462.0
Private Pool N
Waterfront Y/N N
Carport Spaces 10.0
Carport Y/N Y
Street Name Ximeno
Listing Terms Conventional
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Trash Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 12
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 14
Property Sub Type Additional MixedUse
Expected Active Date 2024-05-13
Taxes 91269.0
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Exterior
Parking Features Carport Garage
Lot Features Item1620UnitsAcre
Water Source Public
Total Parking 14.0
Lot Size Area 9462.0
Number of Buildings 1
Spa N
Building Area Total 9708.0
Lot Size Acres 0.2172
Lot Size Source Assessor
Pool Charge 4620.0
Number of Separate Water Meters 18
Number of Separate Gas Meters 18
Number of Separate Electric Meters 1
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Fireplace Features None
Total Stories 3
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 125
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* Excluded Features
List By
Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 706-4066

Phone

Affordability Calculator

$47,122
Per Month
100%
0%
0%
Monthly Principal & Interest
$47,122
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2024$7,090,000 Listed Price

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125 Ximeno Avenue, Long Beach, CA, 90803 is a Multi-Family Home for sale at $7,090,000 with 9,708 sqft and a lot size of 0.2172. 125 Ximeno Avenue has 16 bedrooms, 2.0 baths, and was built in 1958. The property's zip code is 90803 which is in Long Beach, CA