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715 Ultimo Ave
Long Beach, CA 90804
High-Yield Mixed-Use | 7.18% CAP & 8.63 GRM · Multifamily Property For Sale
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12 Units
Investment Highlights
- High-yield mixed-use opportunity located in the desirable Alamitos Heights neighborhood of Long Beach
- A total of 10 residential units and 2 ground-level office spaces
- One (1) of the original office spaces has been converted into two (2) non-conforming studio units
- Attractive in-place income | Offered at a 7.18% CAP Rate and 8.63 GRM
- 2 separate buildings on a single parcel | A Triplex at 715 Ultimo Avenue and a mixed-use building at 5547 East 7th Street
- Minutes from Cal State Long Beach, 2nd & PCH, and Marina Pacifica | Surrounded by an abundance of retail, restaurants, grocery, parks, & schools
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Property Taxes
| Parcel Number | 7241-026-022 | Improvements Assessment | $311,317 |
| Land Assessment | $330,899 | Total Assessment | $642,216 |
Property Taxes
Parcel Number
7241-026-022
Land Assessment
$330,899
Improvements Assessment
$311,317
Total Assessment
$642,216
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