Description

54 Ximeno Avenue is an 8-unit, fully stabilized, turn-key apartment building in prime Belmont Shore, 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.