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Request Info$1,895,000
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40 Ximeno Overview
- Time on Site:
- 11 days
- Visits:
- 0
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.
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40 Ximeno Facts & Features
- Type Multi-Family
- Sq. ft. 3,890
- Price/Sq.ft. $487
- Lot 0.07 Acres
Details
General
Association/HOA
- Common Interest: None
Income/Expenses
- Gross Income: 122220.0
- Gross Scheduled Income: 122220.0
- Net Operating Income: 71804.0
- Operating Expense: 46749.0
Building Information
- New Construction: No
- Year Built: 1949
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
- Postal City: LONG BEACH
- Subdivision Name: Belmont Shore (BSD)
Community/Development
- Community Features: Suburban
Rent/Lease Information
- Land Lease: No
General Information
- Listing Terms: Cash,Cash to New Loan
- Parcel Number: 7256035009
- Property Sub Type: Mixed Use
- Property Type: Residential Income
- Rent Control: Yes
- Senior Community: No
- Special Listing Conditions: Standard
Interior
Parking Information
- Garage Spaces: 1.0
- Garage: Yes
Building Interior
- Building Area Total: 3890.0
- Building Area Units: Square Feet
General Information
- Common Walls: No Common Walls
- Entry Level: 1
- Entry Location: 1
- Laundry Features: Common Area
- Stories Total: 2
Exterior
Parking Information
- Parking Total: 1.0
Lot Information
- Additional Parcels: No
- Lot Features: Rectangular Lot
- Lot Size Area: 3148.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 3148.0
- Lot Size Units: Square Feet
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 6
- Number Of Separate Gas Meters: 6
- Number Of Separate Water Meters: 0
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Property Attached: No
General Information
- Number Of Units Total: 6
- Pool Features: None
- Pool Private: No
- Sewer: Public Sewer
40 Ximeno Neighborhood
Community
90803 (Long Beach) Demographics
46
Median Age
3,935
Population Density (per sq. mile)
62%
College Educated
$92,230
Estimated Median Income
7,269
Estimated Total Home Owners
9,589
Estimated Total Renters
43% / 57%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.40 Ximeno Monthly Cost
40 Ximeno Market Data
Based on the last 30 days in this zip code
$2,081,119
Average List Price
$942
Average Price per Square Foot
26
Properties Sold
65
Average Days on Market
270
Properties for Sale
40 Ximeno History
| Date | Value | Agent |
|---|---|---|
| 6/18/2026Source: CRMLS | June 18, 2026 |
Listing provided courtesy of Steven M. Bogoyevac, BrokerSteven Bogoyevac- MLS# PW26133260
Contact Information: 562-436-5800
Contact Information: 562-436-5800