Listed by Sage Real Estate
$2,695,000
1203 Ximeno
Details
APN 7241009026
Property Type Multifamily
Sub Type Apartment Building
Units 7
Cap Rate 5.60%
Buildings 1
Stories 2
Acreage 0.134
Zoning Assessor
Multifamily | 5.60% CAP | 7 Units
Marketing description
Turn Key 7-unit apartment building located in a desirable East Side Long Beach neighborhood. The property features an excellent unit mix of all 2 bed / 1 bath units, with all seven units extensively renovated. All units include in-unit laundry in addition to an onsite laundry room. Recent capital improvements include a new roof (2022), new windows, new electric sub panels, updated landscaping, fresh exterior paint, and new air conditioning units installed in every unit. The property offers ample parking with 8 driveway spaces and 4 garages. There is potential to convert the existing garages into an ADU (buyer to verify). Ideally located near the Traffic Circle, California State University of Long Beach, Wilson High School, Recreation Park Golf Course, and the shops and restaurants of 2nd Street, providing convenient access to some of Long Beachs most popular amenities.
Listing Contacts
Listed by Sage Real Estate
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