1000 Ximeno Ave, Long Beach, CA 90804

1000 Ximeno Ave, Long Beach, CA 90804

Long Beach, CA

Property Description


  • Fully Vacant and Remodeled + Private Yard 4-Plex in an A Location
  • Top of the line renovations include new flooring, appliances, countertops, bathrooms and patios
  • Located in one of Long Beach’s top rental markets
  • Once rented, the property will operate at a 5.08% CAP and 14.59 GRM
  • Comprised of (4) 1Bed/1Bath units feature large 325sf private yards with artificial turf, Washer/Dryer in unit and 6 total parking spots
  • Ideal pickup for any owner/user looking to live in one unit and let the other tenants pay their mortgage or for an investor looking for a 5% CAP


Fully tenant-ready and Remodeled 4Plex with large private yards, located in one of the nicest pockets of Long Beach! Perfect opportunity for any buyer/owner user looking for low maintenance and high cash-flow once rented out. Once occupied, the property will operate above a 5% CAP Rate! 1000 Ximeno Ave is comprised of (4) 1Bed/1Bath units. Beneficial to the new owner, all remodels have been completed, including new flooring, appliances, countertops, bathrooms and patios. The two downstairs units feature large private 325sf yards, perfect for entertaining. All units have washer and dryer in unit. There are also 3 tandem parking spots (6 spaces total). Bordering Belmont Shore and locate din one of Long Beach’s Top Rental Markets, this truly is a one-of-akind building. It is just outside the $6Billion of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.

Property Features

  • Sale Price: $1,750,000
  • Area Size: 2,499 Sq. Ft.
  • Land Area: 3,646 Sq. Ft.
  • Year Built: 1953
  • Listing Date: 3/29/2023
  • Units: 4
  • Current GRM: 16.04
  • Current Cap Rate: 4.46%
  • Price Per Unit: $437,500
  • Market GRM: 15.70
  • Market Cap Rate: 4.60%
  • Current NOI: $78,133

Lyon Stahl Investment Real Estate

Keep In Touch