Matthews Real Estate Investment Services, as the exclusive agent, is proud to present 715 Ultimo Avenue, a high-yield mixed-use opportunity located in the desirable Alamitos Heights neighborhood of Long Beach. Positioned along East 7th Street near Pacific Coast Highway, this property offers excellent access to Cal State Long Beach, 2nd & PCH, and Marina Pacifica, while being surrounded by a vibrant mix of retail, restaurants, grocery stores, and parks. With convenient access to the 22, 605, and 405 Freeways, residents benefit from direct connectivity to key destinations across Los Angeles and Orange County.
The offering includes two separate buildings on one parcel: a Triplex located at 715 Ultimo Avenue and a mixed-use building at 5547 East 7th Street. The mixed-use structure features seven (7) upper-level residential units and two (2) ground-floor office spaces, one (1) of which has been converted into two (2) non-conforming studio units. In total, the combined unit mix includes ten (10) residential units with a blend of 1-bedrooms, 2-bedrooms, studios, bachelors, an office space, and an additional two (2) non-conforming studios, offering a diverse range of income-producing options.
715 Ultimo Avenue represents a great opportunity to acquire a high-performing mixed-use asset in the desirable Alamitos Heights neighborhood of Long Beach. With an attractive in-place CAP rate of 7.18% and 8.63 GRM, the property delivers strong day-one cash flow with additional upside through rental repositioning and long-term rental growth. Its irreplaceable coastal location, diverse unit mix, and compelling investment fundamentals make this an exceptional opportunity for investors seeking both immediate returns and sustainable growth in one of Long Beach’s most supply-constrained submarkets.
Broker of Record:
David Harrington
License No. 02168060 (CA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245