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121 Ximeno Ave
Long Beach, CA 90803 Belmont Heights

$4,100,000 USD

Apartments For Sale • 4,272 SF

Property Details

Property Type Apartments
Total Building Size 4,272 SF
Lot Size 0.07 AC
Building Class C
Year Built 1954
Cap Rate 5.25 %
Zoning LBR4R

37 Transit Score

83 Walk Score

                
                    Highlights
                
                                Prime location in Belmont Shore, just steps away from the ocean and beach
                            
                                Fully renovated with permits, ensuring high-quality and safe living spaces for tenants
                            
                                Ideal investment property with a current cap rate of 5.25%!
                            
                                Each unit has been gut-renovated with modern finishes and fixtures for a high-end aesthetic
                            
                                Low maintenance property with all new plumbing, electrical, and HVAC systems installed during renovation
                            
                                Perfect for an investor looking for a turnkey property with minimal effort needed for upkeep

Property Flyers

Offering Memorandum

Cap Rate:

5.25 %

Amenities

24 Hour Access

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	13 min	-	6.3 mi
John Wayne/Orange County	27 min	-	18.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	AttachedGarage
Included in Rent:	Yes

Armin Soleimani 310-666-2246 Global Platinum Properties

121 Ximeno Ave Long Beach, CA 90803 Belmont Heights