125 Ximeno Avenue

Long Beach, CA 90803

$6,800,000
Price
3
Beds
18
Baths
9,708 Sq. Ft.
$700 / Sq. Ft.
9,708
Sq. Ft.
$700
per Sq. Ft.

Description

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 4.30% CAP rate and a price...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 4.30% CAP rate and a price tag of $377K 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.
  1. Listed by Brett Lyon • DRE #01717818 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 3107801899
  2. Listed by Woody Stahl • DRE #01399621 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Est

Property Details for 125 Ximeno Avenue

Parking Spaces Total
14
Private Pool
No
Cooling Type
Central
Total Units
18.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9708
Assessor Parcel Number
7256-027-011

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818; Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621
Add your commute
LISTING UPDATED: 06/10/2024 08:12 AM

Property Details for 125 Ximeno Avenue

StatusActive
MLS #SB24095945
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1958
Lot Size0.22 AC / 9,462 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818; Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621
Add your commute

Building Information for 125 Ximeno Avenue

Stories3Residences-Year Built1958Building Size-Lot Size0.22 AC / 9,462 SF

Payment Calculator

$43,605 per month

30 year fixed, 7.25% Interest

Principal and Interest

$37,110

Property Taxes

$6,495

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 125 Ximeno Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $488,465
  • Gross Scheduled Income: $488,465
  • Vacancy Allowance: 14654
  • Gross Operating Income: $473,811
  • Net Operating Income: $292,277
  • Gross Multiplier: 13.92
  • Cap Rate: 4.3
Expense Details
  • Operating Expense: $181,534
  • New Taxes Expense: $87,660
  • Gardener Expense: $1,620
  • Pest Control Expense: $1,200
  • Pool Expense: $4,620
  • Electric Expense: $0
  • Insurance Expense: $12,135
  • Maintenance Expense: $19,539
  • Professional Management Expense: $31,539
  • Other Expense: $23,221
  • Other Expense Description: Utility
  • Trash Expense: $0
  • Total Expenses: $181,534
Tax / Assessment Info
  • Tax Block: 7
  • Tax Tract Number: 3750
  • Tax Census Tract: 5773.00
  • Tax Lot: 14
Community / Development
Community / Development
  • Community Features: Biking
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
Exterior Features
  • Entry Location: 1,2,3
  • Pool Features: Community, Heated, In Ground
  • Pool Description: Heated, In Ground
Land/Lot Info
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 18
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Carport, Garage
  • Parking Garage Spaces: 4
  • Carport Spaces: 10
  • Parking Features: Carport, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,523
  • Unit Type Total Rent: $5,045
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,236
  • Unit Type Total Rent: $26,755
  • Unit Type Pro Forma: 2295
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,725
  • Unit Type Total Rent: $6,900
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 18

Property History for 125 Ximeno Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 125 Ximeno Avenue

Taxable ValueLand$3,827,760Additions$2,191,202Total$6,018,962
Tax Record2023$77,942 ($6,495 / month)
Home Facts
Total Finished SqFt9,708 SqFtAbove Grade Finished SqFt9,708 SqFtLot Size9,460 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningLBR4RCountyLOS ANGELESAPN7256-027-011

Schools near 125 Ximeno Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Lowell Elementary School
PublicK to 5

Rogers Middle School
Public6 to 8

Wilson High School
Public9 to 12

Select Community Day (Secondary) School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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125 Ximeno Avenue is a mixed use property for sale in Long Beach, CA 90803. This property was listed for sale on May 13, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $6,800,000. It has been on the market for a total of 29 days and was last sold on April 3, 2014. This listing's school district is Long Beach Unified School District. Nearby schools include Lowell Elementary School, Rogers Middle School and Wilson High School. 125 Ximeno Avenue is a 3-bed, 18-bath, 9,708 sqft mixed use property built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818; Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.