121 Ximeno Avenue
$4,100,000
9
9
4,272
4,272
$960
Description
100% Gut-Renovated 9-unit building in Belmont Shore cash flowing at an amazing Current Cap Rate of 5.25% and 13.6 GRM. All units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. The unit mix provides unparalleled versatility, including 2 spacious (2bed/1bath) units...100% Gut-Renovated 9-unit building in Belmont Shore cash flowing at an amazing Current Cap Rate of 5.25% and 13.6 GRM. All units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. The unit mix provides unparalleled versatility, including 2 spacious (2bed/1bath) units ideal for families, as well as 5 modern (1bed/1bath) units, and 2 (studio/1bath) units perfect for individuals seeking comfort and style. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency (4 vacant). On top of that, the major systems have been updated including electrical, plumbing, HVAC, etc. The property is located in the heart of Belmont Shore within walking distance of the Pacific Ocean and the Beach. Located just steps away from all the neighborhood attractions, restaurants, bars, and shops on 2nd St such as Sait & Second, Nick's on 2nd, The Win~Dow, Simmzy's, Roe Seafood, Breakfast Republic, Sweet Jill's Bakery, Galata Ice Cream, and many more popping up all around the area.
- Listed by Armin Soleimani • DRE #01846872 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
- Listed by Julio Ruiz • DRE #01911261 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
Property Details for 121 Ximeno Avenue
Zoning
LBR4R
StyleTraditional
Parcel Number7256027012
Total Units9.0
Living Area4272
Source Living AreaOwner
AreaBelmont Shore/Park, Naples, Marina Pac, Bay Hrbr (1)
Vacancy Rate4 Units
LISTING UPDATED: 11/21/2024 12:01 AM
Property Details for 121 Ximeno Avenue
Status | Active |
---|---|
MLS # | 24-463345 |
Days on Market | 35 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1954 |
Lot Size | 0.07 AC / 3,160 SF |
County | Los Angeles County |
Building Information for 121 Ximeno Avenue
Stories2Residences-Year Built1954Building Size-Lot Size0.07 AC / 3,160 SF
Property Information for 121 Ximeno Avenue
Property History for 121 Ximeno Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 121 Ximeno Avenue
Taxable ValueLand$1,262,837Additions$728,623Total$1,991,460
Tax Record2024$26,199 ($2,183 / month)
Home Facts
Total Finished SqFt4,272 SqFtAbove Grade Finished SqFt4,272 SqFtLot Size3,160 SqFtStyleMulti-Family Res (5+ Units)Year Built1947ZoningLBR4RCountyLOS ANGELESAPN7256-027-012
Schools near 121 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.
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