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121 Ximeno Ave Long Beach, CA 90803

$1,825,000 Sold Price as of 06/30/2021

3 Beds
8 Baths
4,162 Sq.Ft.

Sold

$1,825,000 Sold Price as of 06/30/2021 Refinance Your Mortgage

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Map preview of 121 Ximeno Ave, Long Beach, CA 90803

Property Overview: 121 Ximeno Ave Long Beach, CA has 3 bedrooms, 8 bathrooms, 4,162 living square feet and 3,160 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Location, Location, Location! Just One Block Away from the Ocean in a Prime Neighborhood of Long Beach. The Two Story 8 units Building comprised of Five Studios and 3 One Bedroom Units. The Property Presents Investors with a Stabilized Asset in a Highly-Sought Neighborhood with Great Long Terms Tenants. This Well Kept Building Stays Rented as it is One of the Most Desirable Location. It has its Own onsite Laundry. Separate Gas and Electric Meters. This Building is Located in the Affluent Neighborhood of Belmont Shore, Walking Distance from the Ocean and Belmont Shore's 2nd Street Retail Corridor, Restaurants and Coffee Shops. Do not let this Opportunity Pass By!

Listed by Mylene Le Bail | BRE #01364484 | Keller Williams Pacific Estate

Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft: 3,160
HOA Dues: $0/mo
Year built: 1947
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: PW21110357
City: Long Beach
County: Los Angeles
Time on Site: 1071 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1
# of Electric Meters: 9
# of Gas Meters: 9
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,300
Total Rent: $1,300
Pro Forma/Market Rent: $1,700

Unit Breakdown 2

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,150
Total Rent: $1,150
Pro Forma/Market Rent: $1,400

Unit Breakdown 3

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,150
Total Rent: $1,150
Pro Forma/Market Rent: $1,400

Unit Breakdown 4

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,175
Total Rent: $1,175
Pro Forma/Market Rent: $1,450

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,700

Unit Breakdown 6

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,350
Total Rent: $1,350
Pro Forma/Market Rent: $1,400

Unit Breakdown 7

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,295
Total Rent: $1,295
Pro Forma/Market Rent: $1,400

Unit Breakdown 8

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,300
Total Rent: $1,300
Pro Forma/Market Rent: $1,700

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.5%
Gross Rent Multiplier: 16.47
Gross Scheduled Income: $121,440
Net Operating Income: $103,178
Gross Operating Income: $117,778
# of Rented Garages: 0
Garage Rental Rate: $0
Garage Rental Income: $0
Laundry Income: $1

Annual Expense Breakdown

Total Operating Expense: $14,600
Electric: $199
Gas/Fuel: $0
Licenses: $215
New Taxes: $3,083
Trash: $421
Insurance: $1,470
Maintenance: $823
Professional Management: $6,567
Water/Sewer: $422

Property Details for 121 Ximeno Ave

Interior Features

Laundry Information

Has Laundry
Common Area

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: 6-10 Units/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 8
Parcel Number: 7256027012
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Belmont Shore (BSD)
Directions: Livingston and Ocean Blvd

Neighborhood Information

Community Features: Curbs, Street Lights, Urban

View more facts & features

Local Long Beach Agent

Sale History for 121 Ximeno Ave

Last sold for $1,825,000 on June 30th, 2021

July, 2021
Jul 1, 2021

Date

Sold

CRMLS: PW21110357

$1,825,000

Price
Jun 8, 2021

Date

Active Under Contract

CRMLS: PW21110357

$2,000,000

Price
May 23, 2021

Date

Active

CRMLS: PW21110357

$2,000,000

Price
June, 2020
Jun 18, 2020

Date

Canceled

CRMLS: PW19141858

$2,000,000

Price
Mar 26, 2020

Date

Hold

CRMLS: PW19141858

$2,000,000

Price
Feb 24, 2020

Date

Pending

CRMLS: PW19141858

$2,000,000

Price
Feb 13, 2020

Date

Active Under Contract

CRMLS: PW19141858

$2,000,000

Price
Feb 13, 2020

Date

Active

CRMLS: PW19141858

$2,000,000

Price
Dec 30, 2019

Date

Pending

CRMLS: PW19141858

$2,000,000

Price
Dec 19, 2019

Date

Active Under Contract

CRMLS: PW19141858

$2,000,000

Price
Sep 21, 2019

Date

Hold

CRMLS: PW19141858

$2,000,000

Price
Sep 5, 2019

Date

Active Under Contract

CRMLS: PW19141858

$2,000,000

Price
Aug 20, 2019

Date

Pending

CRMLS: PW19141858

$2,000,000

Price
Jul 1, 2019

Date

Active

CRMLS: PW19141858

$2,000,000

Price
Listing provided courtesy of CRMLS

Location, Location, Location! Located Just One Block away from the Ocean in a Prime Neighborhood of Long Beach. The Two Story 8 units Building comprised of Five Studios and 3 One Bedroom units. The Property Presents Investors with a Stabilized Asset in a Highly-Sought after Non Rent Controlled Market. Great Long Terms Tenants. This Well Kept Building Stays Rented as it is in One of The Most Desirable Location. It has its Own Onsite Laundry. The Building is Located in the Affluent Neighborhood of Belmont Shore, Walking Distance from the Ocean and Belmont Shore's 2nd Street Retail Corridor, Restaurants and Coffee Shops. Do not let this Great Opportunity Pass By!

Continue Reading
October, 2008
Oct 21, 2008

Date

Sold (Public Records)

Public Records

--

Price
April, 1994
Apr 27, 1994

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 121 Ximeno Ave

Assessed Value (2020): $157,552

Year	Land Value	Improved Value	Assessed Value
2020	$73,509	$84,043	$157,552

Home Value Compared to the Market

This property vs the competition

121 Ximeno Ave sold on June 30, 2021 for 163.16% higher than the current median sold price for the city of Long Beach which is $760,000. The median sold price per/sqft for Long Beach is $633 and this home is sold at $480.54 per/sqft which puts the price per square foot 24.09% lower than the current median sale per square foot for the city of Long Beach.

About 121 Ximeno Ave

Detailed summary of property

121 Ximeno Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 3 bedrooms, 8 bathrooms, roughly 4,162 living square feet, and sits on an approximately 3,160 square foot lot. 121 Ximeno Ave was first listed on ArdentRealEstateGroup.com on May 23, 2021. The homeowner sold the property for $1,825,000. Home in Long Beach are selling for a median price of $760,000 and a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 163.16% higher than the current median priced home. Local homes that are currently for sale include 1761 Redondo Ave, 2507 E 14th St and 1616 E 4th St. While the average home in Long Beach, CA is selling in 54 days, 121 Ximeno Ave has a days on market of 10 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 121 Ximeno Ave Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 121 Ximeno Ave

Public county record property details

Beds: 3
Baths: 8
Year built: 1947
Sq. Ft.: 4,162
Lot Size: 3,160
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 15
APN: 7256-027-012

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,479,000

Median List Price/Sq.Ft.

$800

Median Sold Price

$790,000

Median Sold Price/Sq.Ft.

$708

Total Inventory

Median Sale to List Price %

98.87%

Avg Days on Market

Loan Type

Conventional (45.83%), FHA (0%), VA (4.17%), Cash (33.33%), Other (16.67%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.