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40 Ximeno Avenue
Long Beach, CA 90803
Asking Price
$1.90M
Cap Rate
3.79%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
6 Units | Prime Belmont Shore Location <ul><li>Prime Belmont Shore Location Five Parcels From the Beach: This six-unit building boasts an outstanding location in one of Long Beach's most desirable coastal neighborhoods.</li><li>Exceptional Value-Add Potential: Current rents are approximately 50 percent below market in a high-demand beachside submarket with strong rental fundamentals.</li><li>Well-Maintained Asset With Diverse Unit Mix: Property features a mix of one studio, four one-beds, and a two-bed unit with a den, on-site lau
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NOI
$80,000
Cap Rate
4.22%
DSCR
0.71
Underwater
Cash-on-Cash
-5.72%
Monthly Payment
$9,375.426
Annual Cash Flow
$-32,505.113
