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, totaling9, 708square feet on an expansive9, 462square foot lot. Boasting a shared heated pool and courtyard area, this property combines comfort and convenience for its residents. With a solid 4.07% CAP rate and a price tag of $393K 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.
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The average household income in
Long Beach, CA
grew
from
$60,557
to
$61,610
in the past year. This data is an estimate based upon
173,432
households in
Long Beach, CA. The chart below presents how household income is distributed in
Long Beach, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Long Beach, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
Long Beach, CA
equals
$3k+
, which is
more
than the national average.