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367 Ultimo Avenue
About This Property
Step through the impressive entryway into an expansive, light-filled living space designed for both everyday comfort and unforgettable entertaining. The open-concept layout flows seamlessly into a stunning chef's kitchen anchored by a dramatic 9-foot island wrapped in double Taj Mahal honed quartz waterfall edges, with seating for four. Custom cabinetry, all-new appliances, and thoughtful design details make this kitchen as functional as it is beautiful. Double doors open directly to the tranquil backyard oasis, complete with turf, swaying palms, and a soothing waterfall fountain - creating effortless indoor-outdoor living. Architectural archways and designer fixtures throughout the home add warmth and character, while the oversized formal dining room provides the perfect setting for gatherings large and small.
Two generously sized bedrooms are positioned toward the front of the home and share a show-stopping full bath featuring dual vanities, designer tilework, a freestanding soaking tub, an oversized spa-like shower with skylights that flood the space with natural light. Privately situated at the rear of the home, the true primary suite offers a double-door entry, built-in cabinetry, a walk-in closet, and a spa-inspired en-suite bath complete with dual shower heads.The two-car garage has plenty of room for storage as well as a additional storage room behind the garage. The elongated driveway can fit plenty of cars and possibly an RV.
Beyond its undeniable beauty, this home offers meaningful upgrades including copper plumbing, tankless water heater, new dual-pane windows, ABS sewer line, luxury laminate flooring throughout, recessed lighting, designer light fixtures, new wood siding, new fountain pump, central heat and AC with a Smart Thermostat for modern efficiency and comfort.
Located in one of Long Beach's most sought-after, family-friendly neighborhoods, with top-rated schools, this Alamitos Heights gem offers the rare combination of charm, sophistication, and turnkey peace of mind.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017