121 Ximeno Ave Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90803
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,272 sqft
Price per Sqft $959
MLS Listing ID 24-463345
Style Traditional
Bedrooms 9
Year Built 1954
Lot Size 3,160 Sqft
Acres 0.0725
Property 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 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.
Location
State CA
County Los Angeles
Area Belmont Shore, Belmont Park, Naples
Zoning LBR4R
Rooms
Other Rooms None
Interior
Heating Other
Cooling Multi/Zone
Equipment Hood Fan
Exterior
Parking Features None
Building
Story 2
Architectural Style Traditional
Level or Stories Two
Others
Special Listing Condition Standard