Bought with Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
$5,300,000
$5,750,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
9,708 SqFt
SOLD DATE : 07/03/2025
Key Details
Sold Price $5,300,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 9,708 sqft
Price per Sqft $545
MLS Listing ID CRSB25005115
Sold Date 07/03/25
HOA Y/N No
Year Built 1958
Lot Size 9,462 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
125 Ximeno Ave offers an exceptional opportunity for investors seeking a standout addition to their portfolio. This 18-unit legacy apartment building features a versatile mix of (2) 2-bedroom/1-bath units, (12) 1-bedroom/1-bath units, and (4) studio units, encompassing a total of 9,708 square feet on a spacious 9,462-square-foot lot. The property includes desirable amenities such as a shared heated pool and a courtyard, providing residents with both comfort and convenience. With a strong 5.16% CAP rate and a cost of $319K per unit, this investment delivers undeniable potential. Located less than two blocks from the beach and just steps away from the top-tier retail and dining options along 2nd Street, 125 Ximeno Ave boasts a premier Long Beach location. Whether your goal is consistent returns or leveraging the area's ongoing growth, this property offers a prime opportunity in an A+ location.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
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