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40 Ximeno
Off-Market Call for Pricing
Call for Pricing
- 6 Units
- Unknown Sq Ft
- 3,148 Sq Ft
- Unknown Cap Rate
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,895,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 1 spots |
| Year Built | 1949 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7256035009 |
| MLS # | PW26133260 |
| Property ID | 322946339 |
| Lot Sqft | 3,148 |
| Zoning | Unknown |
| Total Units | 6 |
| Days on Market | 23 |
| Original List Price | $18,950,000 |
| Date Updated | July 01, 2026 |
| Date Created | June 18, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Steven Bogoyevac an agent of Marcus & Millichap. Lic #01332755
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of July 01, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT