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Key Details
Sold Price $3,345,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Belmont Shore (Bsd)
MLS Listing ID PW23134776
Sold Date 12/14/23
HOA Y/N No
Year Built 1946
Lot Size 3,140 Sqft
Property Description
54 Ximeno Avenue is an 8-unit, fully stabilized, turn-key apartment building in prime Belmont Shore, COMPLETELY RENOVATED, 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.
Location
State CA
County Los Angeles
Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
Zoning LBR2S
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7256035007
Energy Description 750.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Eri Nakazawa • RELO REDAC, Inc.
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