18 Units in Belmont Shore | 125 Ximeno Ave
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18 Units in Belmont Shore 125 Ximeno Ave
18 Unit Apartment Building $6,200,000 ($344,444/Unit) 4.70% Cap Rate Long Beach, CA 90803
Investment Highlights
- Legacy 18-Unit Apartment Building in Belmont Shore
- 9,708 SF 3-Story Building on Large 9,462 SF Lot With A Shared Heated Pool/Courtyard Area and Views From the Top Floor
- Carport For (10) Cars w/ Additional Storage For Units in the Back + (4) 1-Car Garages in the Front | Potential to Add 4 ADUs (Buyer to Verify)
- All Units Remodeled - (2) 2-Bed/1-Bath Units, (12) 1-Bed/1-Bath, (4) Studio
- 4.74% CAP in an A+ Location| $344K/Unit
- Great Location in Long Beach – Less Than 2 Blocks To The Beach w/ Easy Access to top-tier Retail and Restaurants on 2nd Street
Executive Summary
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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,200,000 | Apartment Style | Low Rise |
| Price Per Unit | $344,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 4.70% | Building Size | 9,708 SF |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 0.78/1,000 SF |
| Price | $6,200,000 |
| Price Per Unit | $344,444 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,708 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.78/1,000 SF |
Unit Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,730 | 450 |
| 1+1 | 12 | $2,180 | 650 |
| 2+1 | 2 | $2,523 | 850 |
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Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 7256-027-011 | Improvements Assessment | $2,231,037 (2024) |
| Land Assessment | $3,904,315 (2024) | Total Assessment | $6,135,352 (2024) |
PROPERTY TAXES
Parcel Number
7256-027-011
Land Assessment
$3,904,315 (2024)
Improvements Assessment
$2,231,037 (2024)
Total Assessment
$6,135,352 (2024)
zoning
| Zoning Code | R4, Long Beach |
| R4, Long Beach |
-
Brett Lyon -
Woody Stahl -
Lyon Stahl Investment Real Estate
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18 Units in Belmont Shore | 125 Ximeno Ave
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