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1000 Ximeno Avenue 1, Long Beach, California 90804, Long Beach, 90804 - bed, bath

1000 Ximeno Avenue 1, Long Beach, California 90804 home-pic-0
ACTIVE$1,675,000
1000 Ximeno Avenue 1, Long Beach, California 90804
0Bed
0Bath
2,499Sqft
3,646Lot
Year Built
1953
Close
-
List price
$1.68M
Original List price
$1.68M
Price/Sqft
$670
HOA
-
Days on market
-
Sold On
-
MLS number
SB25003767
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.68M(93th), sqft - 2499(60th), beds - undefined(50th), baths - undefined(50th).

Remodeled 4Plex with large private yards, located in one of the nicest pockets of Long Beach! Perfect opportunity for any buyer/owner user looking to live in one unit and have their neighbors pay their mortgage. 1000 Ximeno Ave is comprised of (4) 1Bed/1Bath units. Beneficial to the new owner, all remodels have been completed, including new flooring, appliances, countertops, bathrooms and patios. The two downstairs units feature large private 325sf yards, perfect for entertaining. All units have washer and dryer in unit. There are also 3 tandem parking spots (6 spaces total). Bordering Belmont Shore and located in one of Long Beach's Top Rental Markets, this truly is a one-of-akind building. It is just outside the $6Billion of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island. OM in supplements.Remodeled 4Plex with large private yards, located in one of the nicest pockets of Long Beach! Perfect opportunity for any buyer/owner user looking to live in one unit and have their neighbors pay their mortgage. 1000 Ximeno Ave is comprised of (4) 1Bed/1Bath units. Beneficial to the new owner, all remodels have been completed, including new flooring, appliances, countertops, bathrooms and patios. The two downstairs units feature large private 325sf yards, perfect for entertaining. All units have washer and dryer in unit. There are also 3 tandem parking spots (6 spaces total). Bordering Belmont Shore and located in one of Long Beach's Top Rental Markets, this truly is a one-of-akind building. It is just outside the $6Billion of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island. OM in supplements.

Nearby schools

6/10
Bryant Elementary School
Public,•K-5•0.4mi
9/10
Fremont Elementary School
Public,•K-5•0.6mi
5/10
Willard Elementary School
Public,•K-5•0.8mi
7/10
Lee Elementary School
Public,•K-5•1.2mi
6/10
Burbank Elementary School
Public,•K-5•1.4mi
4/10
Whittier Elementary School
Public,•K-5•1.9mi
7/10
Lincoln Elementary School
Public,•K-5•2.0mi
7/10
Jefferson Leadership Academies School
Public,•6-8•0.5mi
6/10
Franklin Classical Middle School
Public,•6-8•2.1mi
6/10
Wilson High School
Public,•9-12•0.0mi
6/10
Polytechnic High School
Public,•9-12•2.6mi

Price History

Date
Event
Price
03/09/22
Sold
$1,175,000
01/07/22
Sold
$930,000
Condition Rating
Excellent
Despite being built in 1953, the property has undergone a comprehensive and recent renovation, as explicitly stated in the description ('all remodels have been completed, including new flooring, appliances, countertops, bathrooms and patios'). The images confirm this with modern two-tone cabinetry, white quartz countertops, new stainless steel appliances (gas range, microwave), and a contemporary black pull-down faucet in the kitchen. The living areas feature new wood-look flooring, recessed lighting, and fresh paint. New stacked washer/dryer units are also present. All visible components appear new or virtually new, meeting current quality standards and presenting as move-in ready with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Fremont Elementary School (9/10).
Extensive Recent Remodels: All four units have undergone comprehensive remodels, including new flooring, appliances, countertops, bathrooms, and patios, minimizing immediate capital expenditures for a new owner.
Premier Long Beach Location: Situated in a highly desirable pocket bordering Belmont Shore, recognized as a top rental market, and benefiting from proximity to significant downtown Long Beach development.
Strong Income & Owner-User Opportunity: Ideal for an owner-user to live in one unit while rental income from the other three units helps offset mortgage payments, or as a robust investment property.
Desirable Tenant Amenities: Features such as large private 325 sqft yards for downstairs units and in-unit washer/dryers in all units significantly enhance tenant appeal and rental value.
Ample Off-Street Parking: Provides 3 tandem parking spots (totaling 6 spaces), a valuable asset in a dense urban environment, accommodating tenant needs.

Cons

Older Building Infrastructure: Constructed in 1953, the property's core systems (e.g., plumbing, electrical, roof, foundation) may still be original or older, potentially requiring significant future maintenance or upgrades despite cosmetic remodels.
Limited Unit Diversity: All four units are 1-bedroom/1-bathroom, which may restrict the potential tenant demographic compared to properties offering a mix of unit sizes.
Tandem Parking Inconvenience: While ample, the tandem parking configuration can be less convenient for tenants, potentially leading to logistical challenges and minor dissatisfaction.

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