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$ 3,524,930
$ 4,100,000 14.0%
Est. payment /mo
Sold on 04/04/2025
121 Ximeno AVE Long Beach, CA 90803
9 Beds
9 Baths
4,272 SqFt
UPDATED:
Key Details
Sold Price $3,524,930
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,272 sqft
Price per Sqft $825
MLS Listing ID 25478505
Sold Date 04/04/25
Bedrooms 9
HOA Y/N No
Year Built 1954
Lot Size 3,158 Sqft
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 (3 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
Interior
Fireplace No
Exterior
Parking Features None
Building
Story 2
Entry Level Two
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7256027012
Special Listing Condition Standard
Listed by Armin Soleimani • Global Platinum Properties, Inc.
Bought with Brendan Mahoney • First Team Real Estate
Bought with Brendan Mahoney • First Team Real Estate