This Multifamily Property is Off-Market.

1223 Umatilla Ave.
Long Beach, CA 90802 ·

6 Units · Multifamily For Sale

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1223 Umatilla Ave.

Price N/A Property Use Type Investment
No. Units 6 Cap Rate 6.40%
Building Size 4,694 SF Occupancy 95%
Property Type Multifamily Lot Size 4,796 SF
Property Sub-type Garden/Low-Rise
Listing ID: 17300518 Date Created: 08/21/2011 Last Updated: 06/27/2012

Description

Built in 1987. All Two bedroom, two bath units with balconey off master. Under building parking, laundry room onsite. Total renovation three years ago, all new interiors, kitchens and baths with granite counters and vanities, stainlees steel applinaces including microwaves and refrigerators. Excellent condition throughout. Possible condo conversion.

Located on quiet residential street of mostly single family homes. Property is owned in conjuction with 1212 Termino Ave. a block away. Loopnet ID # 17300514. Owner would like to sell both in one sale. Owner spent a combined $ 600,000 on total renovation. Both buildings are virtually identical, same age, all 2 BR 2 bth, under building parking, laundry room.

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1223 Umatilla Ave., Long Beach, CA 90802 (Los Angeles County)

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