125 Ximeno Avenue, #1
Long Beach, CA 90803
$250,000.00 (-4.03%)
Active for $5,950,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 9,462 sqft
| MLS | SB25005115 |
| Year Built | 1958 |
| Property Type | Mixed Use |
| County | Los Angeles |
| Status | Active |
| Active | $5,950,000 |
| Structure Size | N/A sqft |
| Lot Size | 9,462 sqft |
| Beds | N/A |
| Baths | N/A |
Description
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 4.99% CAP rate and a cost of $330K 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.
Listing information courtesy of: Brett Lyon, Lyon Stahl Investment Real Estate, Inc. 310-706-4066. *Based on information from the Association of REALTORS/Multiple Listing as of 02/12/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Ed Soriano
REALTOR®
Direct: 909.524.7328
Email: Email Me
DRE: 01174040
DRE #01873088
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