18 Units in Belmont Shore | 125 Ximeno Ave
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18 Units in Belmont Shore 125 Ximeno Ave
18 Unit Apartment Building $8,219,452 CAD ($456,636 CAD/Unit) 5.16% Cap Rate Long Beach, CA 90803
INVESTMENT HIGHLIGHTS
- Legacy 18-Unit Apartment Building in Belmont Shore
- 9,708 SF 3-Story Building on Large 9,462 SF Lot With A Shared Heated Pool/Courtyard Area and Views From the Top Floor
- Carport For (10) Cars w/ Additional Storage For Units in the Back + (4) 1-Car Garages in the Front | Potential to Add 4 ADUs (Buyer to Verify)
- All Units Remodeled - (2) 2-Bed/1-Bath Units, (12) 1-Bed/1-Bath, (4) Studio
- 5.16% CAP in an A+ Location| $319/Unit
- Great Location in Long Beach – Less Than 2 Blocks To The Beach w/ Easy Access to top-tier Retail and Restaurants on 2nd Street
EXECUTIVE SUMMARY
Nestled in the heart of Belmont Shore, 125 Ximeno Ave stands as a rare opportunity for an investor looking to add a trophy asset to their portfolio. This legacy 18-unit apartment building offers a diverse mix of (2) 2-bed/1-bath units, (12) 1-bed/1-bath units, and (4) studio units, totaling 9,708 square feet on an expansive 9,462 square foot lot.
Boasting a shared heated pool and courtyard area, this property combines comfort and convenience for its residents. With a solid 5.16% CAP rate and a price tag of $319K per unit, the investment potential is undeniable.
Positioned less than 2 blocks from the beach and within easy reach of premier retail and dining destinations along 2nd Street, 125 Ximeno Ave enjoys a prime location in Long Beach. Whether you're seeking steady returns or looking to capitalize on the area's growth, this property represents a compelling opportunity in an A+ location.
Boasting a shared heated pool and courtyard area, this property combines comfort and convenience for its residents. With a solid 5.16% CAP rate and a price tag of $319K per unit, the investment potential is undeniable.
Positioned less than 2 blocks from the beach and within easy reach of premier retail and dining destinations along 2nd Street, 125 Ximeno Ave enjoys a prime location in Long Beach. Whether you're seeking steady returns or looking to capitalize on the area's growth, this property represents a compelling opportunity in an A+ location.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $8,219,452 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $456,636 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 5.16% | Building Size | 9,708 SF |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 0.78/1,000 SF |
| Price | $8,219,452 CAD |
| Price Per Unit | $456,636 CAD |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,708 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.78/1,000 SF |
UNIT AMENITIES
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $2,473 CAD | 450 |
| 1+1 | 12 | $3,116 CAD | 650 |
| 2+1 | 2 | $3,607 CAD | 850 |
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Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 7256-027-011 | Improvements Assessment | $3,189,200 CAD (2024) |
| Land Assessment | $5,581,101 CAD (2024) | Total Assessment | $8,770,301 CAD (2024) |
PROPERTY TAXES
Parcel Number
7256-027-011
Land Assessment
$5,581,101 CAD (2024)
Improvements Assessment
$3,189,200 CAD (2024)
Total Assessment
$8,770,301 CAD (2024)
ZONING
| Zoning Code | R4, Long Beach |
| R4, Long Beach |
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18 Units in Belmont Shore | 125 Ximeno Ave
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