$1,725,000
 $9,260 est/mo Sourced by Back At You

40 Ximeno,Long Beach, CA 90803

Long Beach, CA 90803

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Description

Exciting opportunity to acquire the prime Belmont Shore apartment building located at 40 Ximeno Avenue in Long Beach! This asset is just five parcels from Ocean Avenue and the sand in a sought-after affluent coastal market. Current rents are 50 percent below market, making this an excellent value-add opportunity in a high demand submarket. 40 Ximeno Avenue offers a diverse mix of one studio with a large walk-in closet, four one-bedroom/one-bath units, and one two-bedroom/one-bath unit with a den. Of the six units, five feature new vinyl plank flooring and four boast new showers. The property also features a newer roof, laundry facilities, one covered parking space, and a storage space. The building's outstanding location offers residents enviable proximity to quintessential California living amenities: the beach, Belmont Plaza Pool, Belmont Pier, and the vibrant Second Street corridor's dining, retail and entertainment. This area has a strong and steady tenant base with an average household income over $140,000. Rental demand is further supported by proximity to Cal State Long Beach, employers, and freeways.

Details

MLS #PW26133260
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1949
Days On Site135
Listing Provided BySteven M. Bogoyevac, Broker | Steven Bogoyevac

Features

SQ Feet3,890
Garage1
Story(s)2
Units6
Building(s)1
Acreage0.07

Exterior

Lot FeaturesRectangular Lot

Parking

Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesSuburban

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90803
Area1 Belmont Shore | Park | Naples | Marina Pac | Bay Hrbr
Community NameBelmont Shore (BSD)
Listing VS Median (in Belmont Shore (BSD))
Price:
$1,725,000
low | high
Med:
$1,550,000
60.144927536232% of Average
sqft:
3,890
low | high
Med:
1,763
100% of Average
$ / sqft:
$443
low | high
Med:
$879
48.262184846318% of Average
On site:
135
low | high
Med:
145
93.103448275862% of Average
Sourced by Back At You

Market Activity 90803

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Contact

Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90803
Area1 Belmont Shore | Park | Naples | Marina Pac | Bay Hrbr
Community NameBelmont Shore (BSD)
Listing VS Median (in Belmont Shore (BSD))
Price:
$1,725,000
low | high
Med:
$1,550,000
60.144927536232% of Average
sqft:
3,890
low | high
Med:
1,763
100% of Average
$ / sqft:
$443
low | high
Med:
$879
48.262184846318% of Average
On site:
135
low | high
Med:
145
93.103448275862% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.293M - $2.156M
sqft: 2,500 - 4,500
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4401 Division Property Photo 1
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4401 E Division Street Property Photo 1
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4401 E Division Street
Long Beach, CA 90803
Listing Updated: September 29, 2026 at 6:39:36 PM PDT