144 Ximeno Ave
Long Beach, CA 90803
Ximeno Apts · Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Building Size | 3,648 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1947/2021 |
| Building Class | C | Parking Ratio | 0.38/1,000 SF |
| Lot Size | 0.06 AC | ||
| Zoning | LBR - Residential | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,648 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1947/2021 |
| Parking Ratio | 0.38/1,000 SF |
| Zoning | LBR - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Breakfast Nook
Site Amenities
- 24 Hour Access
- Laundry Facilities
About 144 XIMENO AVE , LONG BEACH, CA 90803
144 Ximeno Ave is a PRIME 8 UNIT property located in the Belmont Shore area of Long Beach. This two-story walk-up building has nice curb appeal and was constructed in 1947 with a unit mix that consists of 7 large Studios and 1 one bedroom one bath units. All units rented on a month to month basis at rents significantly below market. Tenants pay their own gas & electric. The property is conveniently located near the popular retail, entertainment, and dining district on Belmont Shore’s East Second Street. It offers more than 250 unique, upscale boutiques and specialty shops and a myriad of coffee shops, cafes, casual dining taverns, and international specialty restaurants. The astute investor will realize the rarity in this investment as it provides a huge upside in rental income, in a Prime A+ location just a short stroll from the beach. Belmont Shore is the jewel of Long Beach, and 144 Ximeno is at the heart of it. The property is just a short one block walk to Ocean Boulevard, the sandy shoreline, Rosie's Dog Beach, Belmont Plaza Pool and Belmont Pier. It is conveniently located a few blocks from Vons and the iconic mainstay Chuck's Coffee Shop & Diner. Long Beach does not have rent control which will provide for almost immediate upside in rents. Given the prime location and strong demographics, The Ximeno Avenue Apartments is well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | $1,043 | 425 |
| 1+1 | 1 | $1,400 | 673 |
Property Taxes
| Parcel Number | 7256-025-011 | Improvements Assessment | $816,000 |
| Land Assessment | $1,428,000 | Total Assessment | $2,244,000 |
Property Taxes
