1000 Ximeno Ave
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1000 Ximeno Ave
4 Unit Apartment Building $1,675,000 ($418,750/Unit) 4.65% Cap Rate Long Beach, CA 90804
Investment Highlights
- Remodeled + Private Yard 4-Plex in an A Location
- Comprised of (4) 1Bed/1Bath units featuring large 325sf private yards with artificial turf, Washer/Dryer in unit and 6 total parking spots
- Ideal pickup for any owner/user looking to live in one unit and let the other tenants pay their mortgage or for an investor looking for a pristine ass
- Top of the line renovations include new flooring, appliances, countertops, bathrooms and patios
- Located in one of Long Beach's top rental markets
Executive Summary
Remodeled 4Plex with large private yards, located in
one of the nicest pockets of Long Beach! Perfect
opportunity for any buyer/owner user looking to live in
one unit and have their neighbors pay their mortgage.
1000 Ximeno Ave is comprised of (4) 1Bed/1Bath
units. Beneficial to the new owner, all remodels have
been completed, including new flooring, appliances,
countertops, bathrooms and patios. The two
downstairs units feature large private 325sf yards,
perfect for entertaining. All units have washer and
dryer in unit. There are also 3 tandem parking spots (6
spaces total).
Bordering Belmont Shore and located in one of Long
Beach's Top Rental Markets, this truly is a one-of-akind
building. It is just outside the $6Billion of
development flooding into Downtown LB, including the
Long Beach Civic Center, Long Beach Aquarium,
OceanAire Project, CSULB Downtown Village, Broadway
Block, The Pacific and Queen Mary Island.
one of the nicest pockets of Long Beach! Perfect
opportunity for any buyer/owner user looking to live in
one unit and have their neighbors pay their mortgage.
1000 Ximeno Ave is comprised of (4) 1Bed/1Bath
units. Beneficial to the new owner, all remodels have
been completed, including new flooring, appliances,
countertops, bathrooms and patios. The two
downstairs units feature large private 325sf yards,
perfect for entertaining. All units have washer and
dryer in unit. There are also 3 tandem parking spots (6
spaces total).
Bordering Belmont Shore and located in one of Long
Beach's Top Rental Markets, this truly is a one-of-akind
building. It is just outside the $6Billion of
development flooding into Downtown LB, including the
Long Beach Civic Center, Long Beach Aquarium,
OceanAire Project, CSULB Downtown Village, Broadway
Block, The Pacific and Queen Mary Island.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$107,880
|
$43.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$107,880
|
$43.78
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$26,767
|
$10.86
|
| Net Operating Income |
$81,113
|
$32.92
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $107,880 |
| Annual Per SF | $43.78 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $107,880 |
| Annual Per SF | $43.78 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $26,767 |
| Annual Per SF | $10.86 |
| Net Operating Income | |
|---|---|
| Annual | $81,113 |
| Annual Per SF | $32.92 |
Property Facts
| Price | $1,675,000 | Property Subtype | Apartment |
| Price Per Unit | $418,750 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.65% | Lot Size | 0.08 AC |
| Gross Rent Multiplier | 15.53 | Building Size | 2,499 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Price | $1,675,000 |
| Price Per Unit | $418,750 |
| Sale Type | Investment |
| Cap Rate | 4.65% |
| Gross Rent Multiplier | 15.53 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,499 SF |
| No. Stories | 2 |
| Year Built | 1953 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
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Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 7241-012-094 | Improvements Assessment | $431,766 |
| Land Assessment | $790,704 | Total Assessment | $1,222,470 |
PROPERTY TAXES
Parcel Number
7241-012-094
Land Assessment
$790,704
Improvements Assessment
$431,766
Total Assessment
$1,222,470
zoning
| Zoning Code | LBR4R |
| LBR4R |
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