121 Ximeno Avenue, Long Beach, CA 90803
Property · 2 recorded sales since 2021
Sold April 2025
Listing Agent: Armin Soleimani (DRE #01846872) · Listing Office: Global Platinum Properties, Inc. · Contact: 424-394-1030 · Bought with: Brendan Mahoney · First Team Real Estate · MLS #25478505 · Source: CRMLS
About this property
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 (3 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.
Listing description from the April 2025 sale, as reported to CRMLS.
Sale history
