Mohr Real Estate Group

Mohr Real Estate Group

121 Ximeno Avenue Long Beach CA 90803 MLS #24463345

121 Ximeno Avenue
Long Beach, CA, 90803
$4,100,000
Beds
0 Baths
SqFt
0.07 Acres
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$4,100,000
121 Ximeno Avenue
Long Beach, CA, 90803
MLS #24463345 img 0

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.

Property Details

Price:
$4,100,000
MLS #:
24463345
Status:
Active
Baths:
0
Address:
121 Ximeno Avenue
Type:
Residential Income
Neighborhood:
1belmontshoreparknaplesmarinapacbayhrbr
City:
Long Beach
Listed Date:
Nov 13, 2024
State:
CA
ZIP:
90803
Lot Size:
3,160 sqft / 0.07 acres (approx)
Year Built:
1954

Schools

Interior

Exterior

Parking Features
None
Parking Spots
0.00
Stories Total
2

Financial

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121 Ximeno Avenue
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