Log In/Sign Up
Your email has been sent.
1203 Ximeno Ave
Long Beach, CA 90804
Multifamily Property For Sale
·
7 Units
Investment Highlights
- All units are fully renovated with modern finishes and updated building systems.
- Eight driveway parking spaces and four garages, with potential ADU conversion.
- Located in desirable East Side Long Beach near shopping, schools, and transportation routes.
- Roof replaced in 2022, reducing long-term capital expenditure needs.
- All new windows, exterior paint, and improved landscaping create strong curb appeal.
Executive Summary
This East Long Beach multifamily investment opportunity consists of seven extensively renovated two-bedroom, one-bath units. Each unit features modern upgrades such as new windows, exterior paint, improved landscaping, and new air conditioning systems. Six units are equipped with interior laundry with an additional onsite laundry facility, providing added convenience for residents. The roof was replaced in 2022, reducing maintenance concerns for future ownership. Parking advantages include eight driveway spaces complemented by four private garages, which present potential conversion possibilities into ADUs for added income streams. The property boasts a desirable location within East Side Long Beach, offering proximity to major retail corridors, dining options, and quick access to the surrounding employment hubs. Current rents reflect strong performance with further upside potential based on market pro forma projections. With its comprehensive renovations, secure income profile, and Long Beach’s solid rental demand, this turn-key asset is ideal for investors seeking stable cash flow and value-added opportunities in one of Southern California’s resilient coastal markets.
Property Facts
| Price Per Unit | $392,143 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.40% | Lot Size | 0.13 AC |
| Gross Rent Multiplier | 12.71 | Building Size | 9,846 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 0.41/1,000 SF |
| Zoning | LBR2N - Two-Family Dwellings | ||
| Price Per Unit | $392,143 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Gross Rent Multiplier | 12.71 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 9,846 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.41/1,000 SF |
| Zoning | LBR2N - Two-Family Dwellings |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | - |
Property Taxes
| Parcel Number | 7241-009-026 | Improvements Assessment | $591,454 |
| Land Assessment | $394,294 | Total Assessment | $985,748 |
Property Taxes
Parcel Number
7241-009-026
Land Assessment
$394,294
Improvements Assessment
$591,454
Total Assessment
$985,748
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
