Price Reduction! 100% Gut-Renovated 9-unit building in Belmont Shore cash flowing at an amazing Current Cap Rate of 5.25% and 13.6 GRM. All units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. The unit mix provides unparalleled versatility, including 2 spacious (2bed/1bath) units ideal for families, as well as 5 modern (1bed/1bath) units, and 2 (studio/1bath) units perfect for individuals seeking comfort and style. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency (4 vacant). On top of that, the major systems have been updated including electrical, plumbing, HVAC, etc. The property is located in the heart of Belmont Shore within walking distance of the Pacific Ocean and the Beach. Located just steps away from all the neighborhood attractions, restaurants, bars, and shops on 2nd St such as Sait & Second, Nick's on 2nd, The Win~Dow, Simmzy's, Roe Seafood, Breakfast Republic, Sweet Jill's Bakery, Galata Ice Cream, and many more popping up all around the area.
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1954
Stories: 2
Living Area: 4,272 SqFt
Listing Office:
Office Name: Global Platinum Properties, Inc.
Office Phone: (424) 394-1030
Listing Agent: Armin Soleimani
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 9
Exterior Features
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Other
Directions Information:
Directions: The property is situated between 1st St. and Division St.
Price Information
Listing Price Info
Price Summary:
List Price: $4,100,000
Price Per SqFt: $960/SqFt
Tax Information:
Annual Amount: $3,102
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Long Beach, CA.
This property is $3.2M more than the Median Sold Price and $329/SqFt more than other homes in Long Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24443991
Listing Office:
Office Name: Global Platinum Properties, Inc.
Office Phone: (424) 394-1030
Listing Agent: Armin Soleimani
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 10/31/2024, 10:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 29, 2021
Jun 29, 2021Home Sold
$1,825,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$3,102
$159,174
2020
$3,056
$156,652
2019
$2,950
$153,581
2018
$2,917
$150,570
2017
$2,917
$147,619
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$20.5K
Per Month
Principal & Interest
$20.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$12.3K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Lowell Elementary School
5201 E Broadway
Distance between this listing and this school0.65 miles
Public District Grades KG-5
8
/10
Fremont Elementary School
4000 E 4th St
Distance between this listing and this school0.76 miles
Public District Grades KG-5
5
/10
Mann Elementary School
257 Coronado Ave
Distance between this listing and this school0.84 miles
Public District Grades KG-5
Nearby Schools
7
/10
Rogers Middle School
365 Monrovia Ave
Distance between this listing and this school0.76 miles
Public District Grades 6-8
7
/10
Jefferson Leadership Academies
750 Euclid Ave
Distance between this listing and this school1.13 miles
Public District Grades 6-8
4
/10
Franklin Classical Middle School
540 Cerritos Ave
Distance between this listing and this school2.23 miles
Public District Grades 6-8
Nearby Schools
6
/10
Wilson High School
4400 E 10th St
Distance between this listing and this school1.27 miles
Public Magnet Grades 9-12
6
/10
Renaissance High School For The Arts
235 E 8th St
Distance between this listing and this school2.98 miles
Public Magnet Grades 9-12
6
/10
Polytechnic High School
1600 Atlantic Ave
Distance between this listing and this school3.02 miles
The neighbors living near this home have an average income of $47,198. Residents of Long Beach, CA typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 121 Ximeno Ave
What is the listing price of this property?
The listing price of 121 Ximeno Ave property is $4,100,000.
What type of property is this?
The property 121 Ximeno Ave is a house located in Long Beach, California, 90803.
Is this property for sale now?
Active Listing: 121 Ximeno Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $3,102 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 29, 2021 for $1,825,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 121 Ximeno Ave has 9 bedrooms and 9 bathrooms.
What is the square footage of this property?
The property 121 Ximeno Ave is 4,272 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 121 Ximeno Ave is 1954.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 121 Ximeno Ave in Long Beach, CA and zip code 90803 in the The Harbor neighborhood. This 4,272 square foot home, which was built in 1954, sits on a 0.07 acre lot. Features: 9 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $4,100,000.
While more than 64 listings in Long Beach, CA in September 2024 were sold above asking price, there were more than 36 listings sold at asking price, and more than 90 were sold below. The number of listings in Long Beach, CA decreased by 3.7% between August 2024 and September 2024. While the average time on the market in September 2024 was 28 days, the median list price was $825,416.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Music Concerts
Music Concerts
Art Museums
Major League Soccer (MLS)
H&M
Bloomingdales
Banana Republic
Chipotle
Starbucks
Jack In The Box
Volkswagen
Audi
Toyota
Rhythmic Contemporary Hits
News
Jazz