Properties
Long Beach, CA 90804 1203 Ximeno
$2,795,000
6 more
Presented By: Cody Charnell with Sage Real Estate Group, Inc.; 562-896-3851
Baths • 1
SQFT • 5,700
Garage • 4
Home Details
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. Six of the units include interior laundry in addition to an onsite laundry room for tenants. 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 Beach’s most popular amenities.
Presented By: Cody Charnell with Sage Real Estate Group, Inc.; 562-896-3851
Interior Features for 1203 Ximeno
Other Interior Features
Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 1203 Ximeno
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate5.3
CityLong Beach
Community FeaturesCurbs, Sidewalks
ContingencyNone
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsOn Ximeno between Anaheim and 10th
Electric Expense
Entry Locationside
Fuel Expense
Garage Spaces4
Garage Y/NYes
Gross Income4200
HeatingWall Furnace
Insurance Expense
Land Lease Y/NNo
LevelsTwo
Listing TermsCash to New Loan
Lot Size Square Feet5853
Lot Size UnitsSquare Feet
MLS Area3 - Eastside, Circle Area
MaintenanceExpense4900
Net Operating Income148215
New ConstructionNo
Number Of Units Total7
Open Parking Spaces8
Operating Expense65272
Pool FeaturesNone
PostalCityLONG BEACH
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPrivate Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameEastside (ES)
Tax Lot80
Taxes$34,938
Trash Expense0
ViewNone
Water Sewer Expense0
Year Built1963
Year Built SourceAssessor
Exterior for 1203 Ximeno
Building Area Total5700
FencingBlock
Foundation DetailsSlab
Lot Features6-10 Units/Acre
Lot Size Acres0.1344
Lot Size Area5853
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Private PoolNo
Road Frontage TypeCity Street
Total Parking12
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
