James Melton
James Melton, California Value Group, Inc.Phone: (714) 318-4664
Email: [email protected]

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listing
1 of 33
Residential IncomeFor Sale
$6,400,000
125 Ximeno Avenue
Long Beach, CA 90803
Listed by Brett Lyon DRE#01717818 [email protected] Lyon Stahl Investment Real Estate, Inc.
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$33,136/mo

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 4.55% CAP rate and a price tag of $355K 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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Information courtesy of Lyon Stahl Investment Real Estate, Inc. is subject to verification and is not guaranteed.
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