121 Ximeno Ave, Long Beach, CA 90803 – 24-463345 - Marcia Alves

REQUEST A TOUR

In-PersonVirtual Tour

Marcia Alves

marcia@marciabrazil.com +1(702) 300-6969

$ 4,100,000

Est. payment | -/mo

9 Beds

9 Baths

4,272 SqFt

Save

$ 4,100,000

Est. payment | -/mo

Save

9 Beds

9 Baths

4,272 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,272 sqft

Price per Sqft $959

MLS Listing ID 24-463345

Style Traditional

Bedrooms 9

Year Built 1954

Lot Size 3,160 Sqft

Acres 0.0725

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.

Location

State CA

County Los Angeles

Area Belmont Shore, Belmont Park, Naples

Zoning LBR4R

Rooms

Other Rooms None

Interior

Heating Other

Cooling Multi/Zone

Equipment Hood Fan

Exterior

Garage None

Building

Story 2

Architectural Style Traditional

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Global Platinum Properties, Inc.

+1(702) 300-6969

marcia@marciabrazil.com

1780 W Horizon Ridge Pkwy # 100, Henderson, NV, 89012, USA