121 Ximeno AVE Active

Long Beach,CA 90803

$ 4100000

9 Beds

9 Baths

4272 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,272 sqft

Price per Sqft $959

MLS Listing ID 24443991

Bedrooms 9

Year Built 1954

Lot Size 3,158 Sqft

Property Description

Price Reduction! 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 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr

Zoning LBR4R

Exterior

Garage None

Building

Story 2

New Construction No

Others

Special Listing Condition Standard

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