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(310)918-5027
Real Estate Company
54 Ximeno Avenue, Long Beach, CA 90803
- $3,345,000
- Sold Price
- $3,345,000
- List Price
- $3,450,000
- Closing Date
- Dec 14, 2023
- Status
- CLOSED
- MLS#
- PW23134776
- Year Built
- 1946
- Lot Size
- 3,142
- Acres
- 0.07
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 93
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Neighborhood
- Belmont Shore (Bsd)
Property Description
54 Ximeno Avenue is an 8-unit, fully stabilized, turn-key apartment building in prime Belmont Shore, COMPLETELY RENOVATED, just steps to the beach and in close proximity to Naples Island, 2nd Street shopping and dining, and Alamitos Bay. The unit mix includes six (6) studios and two (2) 1 BD / 1 BA, all meticulously renovated with designer fixtures and finishes. A total of over $500,000 in capex was invested into the property. Unit interior renovations include new cabinets, countertops, waterproof flooring, designer bathroom tile and modern light fixtures. In addition to the extensive unit interior renovations, building improvements include new electrical and plumbing system upgrades and complete exterior and landscaping renovations. Units are individually metered with an in-place RUBS program and onsite laundry provides additional income.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $211,330
- Operating Expense
- 66980
Listing courtesy of Listing Agent: Robert Stepp (rstepp@steppcommercial.com) from Listing Office: Keller Williams - Santa Monica.
Listing sold by Eri Nakazawa from RELO REDAC, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.