40 Ximeno Ave Long Beach, CA 90803
Belmont Shore NeighborhoodEstimated payment $12,291/month
Highlights
- Laundry Facilities
- Lowell Elementary School Rated A-
- Rectangular Lot
About This Home
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.
Listing Agent
Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 06/18/2026
Co-Listing Agent
Marcus & Millichap Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01928739
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 3,148 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Parking
- 1 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 3,890 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 9 / 10
- Tax Tract Number 3750
- Assessor Parcel Number 7256035009
- $1,191 per year additional tax assessments
Community Details
Overview
- 6 Units
- Belmont Shore Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- Operating Expense $46,172
- Gross Income $122,220
- Net Operating Income $72,382
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/26/2026 08/26/26 | Price Changed | $1,849,500 | -90.2% | $475 / Sq Ft |
| 06/18/2026 06/18/26 | For Sale | $18,950,000 | -- | $4,871 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26133260
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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