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391 Ximeno Avenue

391 Ximeno Avenue,Long Beach, CA 90814

4

Unit

$1,950,000

Price

Property Details

Price Per Unit

$487,500

Price per SF

$531

Current Cap Rate

4.08%

Market Cap Rate

4.57%

Current GRM

15.77

Market GRM

14.54

391 Ximeno Avenue

391 Ximeno Avenue,Long Beach, CA 90814

$1,950,000

Price

Property Details

Price per SF

$531

Price Per Unit

$487,500

Price per SF

$531

Current Cap Rate

4.08%

Market Cap Rate

4.57%

Unit

4

Current GRM

15.77

Market GRM

14.54

Description

391 Ximeno Avenue in a 4-unit investment asset in, Belmont Heights, Long Beach.

The property is comprised of two (2) 2BD/1.75BA + Office units, one (1) 2BD/1.5BA unit and one (1) 2BD/1.75BA unit. Three (3) onsite garages provide current income.

Well-located in Belmont Heights, this apartment building provides tenants with convenient access to the beach, Belmont Shore, Colorado Lagoon, Marine Stadium, Recreation Park and Golf Course, and many amenities for day-to-day living.

391 Ximeno Avenue presents a new buyer with the opportunity to own a well-maintained asset in a desirable rental market.

Highlights

  • Excellent Rental Market, Close to CSU Long Beach
  • New Water Heater, Exterior Paint & Gated Parking Area
  • Minutes to the Beach, Belmont Shore & Outdoor Activities
  • Close to 22, 405 & 605 Freeways

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